Production Accounting Capability from MESEnter to Drive Customers Digital Transformation Acquired by AVEVA
AVEVA, an international leader in engineering and industrial software, declared on March 28th, that it has obtained production accounting software from South Korean based company MESEnter to finish AVEVAs value chain optimization solution.
MESEnters software offering, formerly branded MES ENTER ErrorSolver and now rebranded AVEVA Production Accounting, has been proven and tested by major producers in the constant process industries since 2005. It opens the possibility to enhance accuracy of planning models, manage operations performance, identify loss detection and faulty instrumentation and finally move operations towards a plant-wide reconciliation.
"AVEVA's leadership in optimizing throughout the value chain remains to create new chances as part of the digital transformation of refinery, petrochemical and mining operations," stated Harpreet Gulati, Senior Vice President, Planning and Operations at AVEVA. "The addition of this technology also provides another integral piece in AVEVAs process operations portfolio.
The recently added software will allow AVEVA to deliver a stronger offer that drives profitability throughout the value chain for its customers. AVEVA Production Accounting software furthers AVEVAs commitment towards its Value Chain Optimization strategy to assist customers eliminate information silos and integrate critical business processes throughout their operations.
Building a holistic Value Chain Optimization Strategy
This is one another example of AVEVAs constant focus to bring together a complete portfolio equipped towards optimizing its customers value chains to assist drive their digital transformation strategies. The newly acquired software will allow customers to close the loop with prescriptive performance management of their operations, making sure 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 provides a great chance for operators to efficiently leverage the value available from production accounting to assist with material balance and data reconciliation throughout the plant", stated WS Cho, CEO of MESEnter.
AVEVA Production Accounting software has a user-friendly interface which offers a graphical flowsheet environment for creating and maintaining the plant balance models. It enables easy navigation from area to area, making use of intuitive screens from managing data connections, reconciliation steps, model configuration and more. It can also be configured to perform reconciliation across smaller areas of the plant such as compressors, pumps, exchangers, tanks or groupings of process equipment.
