Dubai: AVEVA, a global leader in engineering and industrial software, announced today that it has acquired production accounting software from South Korean based company MESEnter to complete AVEVA’s value chain optimization solution.
MESEnter’s software offering, previously branded MES ENTER ErrorSolver™ and now rebranded AVEVA™ Production Accounting, has been proven and tested by major producers in the continuous process industries since 2005. It opens the opportunity to improve accuracy of planning models, manage operations performance, identify loss detection and faulty instrumentation and ultimately move operations towards a plant-wide reconciliation.
"AVEVA's leadership in optimizing across the value chain continues to create new opportunities as part of the digital transformation of refinery, petrochemical and mining operations," said Harpreet Gulati, Senior Vice President, Planning and Operations at AVEVA. "The addition of this technology also provides another integral piece in AVEVA’s process operations portfolio.”
The newly added software will enable AVEVA to deliver a more robust offer that drives profitability across the value chain for its customers. AVEVA Production Accounting software furthers AVEVA’s commitment towards its Value Chain Optimization strategy to help customers eliminate information silos and integrate critical business processes across their operations.
Building a holistic Value Chain Optimization Strategy
This is yet another example of AVEVA’s continued focus to bring together a complete portfolio geared towards optimizing its customers’ value chains to help drive their digital transformation strategies. The newly acquired software will enable customers to close the loop with prescriptive performance management of their operations, ensuring that actual performance helps to drive decision-making for future planning.
"AVEVA has been a long-time partner of MESEnter and so this technology acquisition makes absolute sense. It presents a great opportunity for operators to efficiently leverage the value available from production accounting to help with material balance and data reconciliation across the plant", said WS Cho, CEO of MESEnter.
AVEVA Production Accounting software has a user-friendly interface which provides a graphical flowsheet environment for creating and maintaining the plant balance models. It allows easy navigation from area to area, utilising intuitive screens from managing data connections, reconciliation steps, model configuration and more. It can also be configured to perform reconciliation around smaller areas of the plant such as compressors, pumps, exchangers, tanks or groupings of process equipment.
-Ends-
About AVEVA:
AVEVA is a global leader in engineering and industrial software driving digital transformation across the entire asset and operations life cycle of capital-intensive industries. The company’s engineering, planning and operations, asset performance, and monitoring and control solutions deliver proven results to over 16,000 customers across the globe. Its customers are supported by the largest industrial software ecosystem, including 4,200 partners and 5,700 certified developers. AVEVA is headquartered in Cambridge, UK, with over 4,400 employees at 80 locations in over 40 countries. For more details visit: www.aveva.com
Copyright © 2020 AVEVA Solutions Limited. All rights reserved. AVEVA Solutions Limited is owned by AVEVA Group plc. AVEVA, the AVEVA logos and AVEVA product names are trademarks or registered trademarks of AVEVA Group plc or its subsidiaries in the United Kingdom and other countries. Other brands and products names are the trademarks of their respective companies.
© Press Release 2020Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
