VICO Indonesia choose PT Mincom Indoservices' Indonesian Payroll Solution
Friday, April 28 2000 - 07:30 AM WIB
Jakarta - PT. Mincom Indoservices (PTMI) today announced that VICO Indonesia has chosen to implement its Indonesian MIMS Payroll Solution, a system specially customized for Indonesia by Mitrais, a Bali-based software development factory.
VICO Indonesia is the first user of PTMI's Indonesian Payroll Solution in Indonesia. The system is based on MIMS (Mincom's Information Management System), developed by Mincom Limited and recognised by the Gartner Group as the world's leading Enterprise Asset Management (EAM) solution. It has been tailored to Indonesian requirements by Mitrais.
"VICO Indonesia's Payroll process is a complicated one, made difficult by calculations such as income tax where part is absorbed by employees and the rest by the company and by retroactive compensation payments to employee." said B. Suprijadi, Treasurer of VICO Indonesia. "As a result, we identified a need for a system designed and developed to meet the specific requirements of a capital intensive Indonesian operation such as VICO Indonesia."
PTMI's Indonesian Payroll Solution offers extensive functionality plus Indonesian-specific features including
* Tax calculations that recognize employee residential status, Indonesian specific data such rebates and individual taxation requirements;
* Denomination in Indonesian Rupiah (the system can handle denominations of up to 13 digits);
* Statutory Reporting Features covering requirements such as Jamsostek and SPT; and
* Recognition of Salary Grades
PTMI's Payroll System was selected through a direct selection tender based
on administrative, technical and commercial evaluation.
"It surpasses the others in term of overall technical excellence and competitive pricing," said Agus Wicaksono, IS Applications Section Head, VICO Indonesia. "PTMI's strong local presence and commitment to the Indonesian market is a definite plus in making our choice," he added. "Not only has the system been customized to Indonesian requirements to ensure a timely and accurate payroll but PTMI offers a strong local support base, conveniently located near our operations."
In addition to its Indonesia-specific features, PTMI's Payroll System offers comprehensive functionality via the base MIMS product. This includes multiple payment frequencies, multiple payment/deduction methods, table driven taxation scales, exception-based data entry, complex award provisions, full 'what if' capacity, provision for off-cycle pays, higher duties/step up, retrospective/retroactive calculations and automated termination processing.
VICO Indonesia is PTMI's fifth client from the oil and gas industry in Indonesia, joining Unocal Oil and Gas and the Santa Fe Energy Resources Companies (users of the company's integrated Enterprise Solutions) and Maxus and Mobil Oil (Payroll-related clients).
"We look forward to building our relationship with VICO Indonesia," said Roy Widjaja, CEO, PTMI. "As VICO's choice of our Payroll Solution shows, we have the solutions Indonesian oil and gas operations need to achieve vital operational efficiencies in the 21st century."
The project will commence in May 2000 and is scheduled for completion in late 2000.
About PT Mincom Indoservices (PTMI)
Mincom International is an international Business Solutions Assembler providing high technology solutions to large and mid-sized enterprises in capital intensive industries. These include mining, oil and gas, as well as other asset intensive industries such as utilities, continuous processing and transport.
PT Mincom Indoservices (PTMI), formed in 1991, is a Joint Venture with Mincom International. PTMI is Indonesia's leading provider of Enterprise Asset Management (EAM) solutions. Through its positioning as a Business Solutions Assembler, PTMI is extending its service delivery to
include solutions which encompass all areas of operation for capital intensive businesses. The company has Indonesia's largest pool of skilled EAM consultants and is focused on delivering products and services that reflect Indonesian business requirements. PTMI has 4 offices in Indonesia in Jakarta, Balikpapan, Surabaya and Bali.
Clients utilizing PTMI's services are Aneka Tambang, APRIL Group, Berau Coal, Freeport Indonesia, INCO Indonesia, Kaltim Prima Coal (KPC), Kelian Equatorial Mining (KEM), Kiani Kertas, Newmont Minahasa, Newmont Nusa Tenggara, Pamapersada Nusantara, Riau Pulp and Paper, Rio Tinto, Santa Fe
Energy Resources Companies, Tambang Timah Tbk, Unocal Oil and Gas.
PTMI is a member of the MROnly.com Association. The MROnly.com Association provides specialist solutions to a core set of capital intensive, MROnly focused industries. By incorporating only companies with a focus on capital intensive industries, the MROnly.com Association can offer extensive knowledge, product and specialist services to these industries. These include Enterprise Systems, Software Development, Management Consulting and Inventory Management.
PT Mincom Indoservices http://www.mincom.co.id About Mitrais Mitrais (http://www.mitrais.com Mitrais provides complete software design and development lifecycle services as well as care for systems after implementation. The operation has specialist business units focusing on Enterprise Systems, Microsoft, Web Development, Data Warehousing and E-Commerce. The operation has undertaken design and development work for projects in Hong Kong, Thailand, the Philippines and Australia and Indonesia. Mitrais is headquartered in a 3-storey office, near Denpasar's Ngurah Rai International Airport. The company now employs over 60 full-time Bali-based personnel. Mitrais http://www.mitrais.com About VICO Indonesia VICO has been involved in the development of Indonesia's natural gas resources for nearly 30 years. In 1968, the Texan oil company signed a Production Sharing Contract with PERTAMINA covering 631,000 hectares of the Mahakam River Delta thought to be rich in oil reserves. Today, 75.625% of VICO's shares are owned by BP Amoco and Lasmo while the rest (24.375%) is owned by Opicoil Houston and Universe Gas & Oil Company, Inc. VICO Indonesia operates from its headquarters in Jakarta and has over 1,500 employees. It has drilled more than 470 wells and discovered 14 trillion cubic feet of gas reserves and 457 barrels of oil reserves in Indonesia. Of seven operational sites in Indonesia (Badak, Nilam, Semberah, Mutiara, Tanjung Santan, Bontang, Pupuk Kaltim), the Bontang plant is one of the largest in the world, selling LNG and LPG to customers in Japan, Taiwan and South Korea. For further information, please contact: Agus Wicaksono VICO Indonesia Ph : +62 21 523 6226 E-mail : agwicak@vico.co.id Sherly Laurence PT. Mincom Indoservices (PTMI) Ph : +62 21 520 1655 Email : sherly.laurence@mronly.com (*)