Neste Oil has acquired the International Group License for Invest for Excel Enterprise Software - DataPartner Software

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Neste Oil has acquired the International Group License for Invest for Excel Enterprise Software

May 24, 2010

Kjell Tallberg, Financial Manager comments:

”The Invest for Excel application should be used for investment appraisals in Neste Oil Corporation from now on. Invest for Excel has been used by a limited number of users for many years, and we have good experience from it. By expanding the usage we want to emphasize on the importance of investment profitability calculations, uniformity and efficiency in generation of calculations.”

 

History of Invest for Excel usage in Neste Oil:

The first licenses of Pro Edition of sofware were bought in the year 2000 and were used in the business areas ”Natural gas” and ”Oil refinery”. During the following years more licenses have been aqcuired and the usage has spread throughout the corporation internationally. Few years later – in 2006 - the corporation upgraded to the highest software Edition – Invest for Excel Enterprise - and has used it since then. The named-user software licenses were implemented mostly in Neste Oil Corporation and subsidiaries like Neste Jacobs and Rintekno. In 2009 Neste Oil took the final step in Invest for Excel implementation, upgrading to an international group license of the Enterprise Edition. Such a license allows for a very widesprad software implementation as the number of users is not limited.

 

Neste Oil Corporation

Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company's strategy is based on growing both its oil refining and premium-quality renewable diesel businesses. Neste Oil's refineries are located in Porvoo and Naantali and have a combined crude oil refining capacity of approx. 260,000 barrels a day.

Naantali and have a combined crude oil refining capacity of approx. 260,000 barrels a day.

GROUP

  

  

Market capitalisation

Around EUR 3.2 billion in 2009

Turnover

Around EUR 9.6 billion in 2009

Stock Exchange Listing

Listed in the NASDAQ OMX Helsinki

  

  

Headquarters

Espoo (in Finland)

Number of employees

Around 5 000

Biggest shareholder

Prime Minister's Office

In business since

Neste Oil  (Neste) was established in 1948

Business areas

Oil Products, Renewable Fuels, Oil Retail

  

Investments

 

Neste Oil Investments 

 

Website: www.nesteoil.com

 

Neste Oil customer story:"Link to Neste Oil Customer Story"

  •  More information:

    Datapartner Oy           Neste Oil Corporation

    Jens Westerbladh        Kjell Tallberg              

    +358 400 306 822       +358 10 45811

     

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