Oriola Corporation  Investor news  10 January 2024 at 11:00 a.m. EET

Oriola to invest in ERP and warehouse management as part of the recently launched strategy to enhance efficiency and operational excellence

Oriola will be investing in its infrastructure as part of its refined strategy, published in October 2023, with the aim to enhance efficiency and operational excellence. Enhanced efficiency is one of the three goals set by Oriola to drive the strategy forward.

The investment comprises the renewal of Oriola's ERP (enterprise resource planning) and warehouse management system during the years 2025−2027. The aim of the project is to have one common system which will enable to harmonise business processes, strengthen data management and enhance customer experience. The value of the total investment is about EUR 35 million of which capital expenditure is estimated to be about 3/4 of the total investment. The new ERP and warehouse management system will replace the current two separate systems in Sweden and Finland.

"This strategically important project will allow Oriola to better respond to future customer and business needs, strengthen collaboration across the company, improve transparency and support managing the business in a cross-market operating model. Through a common system we will strengthen our processes and have access to common data, both of which will support us in serving our customers better," says Mikael Nurmi, Oriola's Chief Digital Officer.

The project will start in 2024 and the new system will be deployed in phases during 2025−2027. The first deployment will be in Sweden followed by the deployment in Finland.

HCLTech has been selected as the ERP and warehouse management system integrator. The principal technology provider is SAP.

Oriola Corporation

Further information:

Mikael Nurmi, Chief Digital Officer
Email: mikael.nurmi@oriola.com

Distribution:

Nasdaq Helsinki Ltd
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