The existing and prospective opportunities for cooperation between Azerbaijan’s State Oil Company (SOCAR) and SAP SE in the field of human capital, innovation and digitalization have been considered, SOCAR President Rovshan Najaf said on June 12 at a meeting with SAP SE COO for Middle and Eastern Europe Igor Kurkov, Report informs referring to SOCAR.
At the meeting, satisfaction was expressed with the long-term fruitful cooperation between SOCAR and SAP SE, it was emphasized that over the past years the interaction has been successfully developed.
In particular, it was noted that, in accordance with international practice, in 2008 SOCAR for the first time began implementing the SAP ERP system, the leading software in the field of business resource management, as well as international financial reporting standards.
In addition, it was noted that since 2015, SOCAR has been implementing a “project for the transformation of human resource management processes”, within the framework of which best practices are being introduced in the selection and adaptation of personnel, training and development, career growth, and motivation of employees.
It was also noted at the meeting that digitalization and innovation are identified as priority areas in SOCAR’s long-term corporate strategy, and special attention is paid to the introduction of digital technologies in enterprises.
During the meeting, an exchange of views took place on other issues of mutual interest.