Page 49 - Induction Manual With Plants
P. 49
Indorama Nigeria
The Finance & Accounts Department
The IPL, IFL and OIPL manufacturing and all other services are supported by a dedicated
Finance & Accounts department having qualified, experienced and competent team of
professionals.
The department has implemented the best financial management systems & accounting
practices to prudently manage the financial health of the organization. The department
also extend necessary support to both the management and the operations teams on
effective management of financial resources, investments and financial strategy. To
support the F&A function, Oracle-based company wide ERP is in place to efficiently
manage all financial transactions.
The major of the Finance and Accounts department-
• Financial planning & analysis
• Liaison with Financial Agencies
• Raising & Management of funds
• Accounts payable and receivables
• Budgeting & Control
• Insurance
• Taxation
• Treasury operations
• Internal Auditing
• Statutory and regulatory compliances
• Management information systems (MIS)
The finance and accounts department has established strong relationship with National
and International financial agencies and banks and worked with them closely in order to
ensure efficient effective management of financial resources.
To continuously improve the finance and accounting practices, it has engaged world
renowned consulting and auditing firms and organizes periodical audits of all systems and
practices.
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