Höegh LNG, operator and owner of modern floating and regasification units (FSRUs), has selected enterprise applications company IFS to provide its central business platform.
IFS said on Monday that it would provide its IFS Application business platform to Höegh LNG, which operates a fleet of ten FSRUs and two LNG carriers.
The company was selected to support the standardization of Höegh’s global business processes, increase efficiency, and reduce costs.
Deployed in the IFS Managed Cloud, IFS Applications will help Höegh LNG consolidate its multi-country financials, ensuring compliance with Sarbanes–Oxley and GAAP requirements.
Sveinung J. S. Støhle, president and CEO of Höegh LNG, said: “IFS stood out as the vendor that could deliver the highest value to us in terms of standard, best-practice processes. As we are entering into a phase of digital transformation, we will rely on IFS Applications as our central platform to boost efficiency and make informed decisions.”
Elni Kullmer, IFS managing director for the Nordics region, added: “Leading companies in the global oil and gas industry turn to IFS to benefit from our comprehensive industry solution, which is backed by decades of industry experience and expertise.
“We are thrilled and proud to provide the technological foundation and business consulting competence to support Höegh LNG’s digitalization journey.“