Release Date: October 8, 2015
ENFOS, Inc. today announced that Ashland Inc. has entered into a definitive agreement to implement the ENFOS Environmental Liability Management Platform. Ashland will deploy ENFOS software solutions to support the management of their remediation liability program including project and program management, life-cycle strategy and financial planning, reserve management, vendor proposals, work authorizations, and expenditure management. Additionally, ENFOS will be seamlessly integrated with Ashland’s SAP enterprise system in order to facilitate financial reconciliation.
ENFOS COO Roger Well adds, “We are very pleased to have been selected by Ashland to serve as their environmental remediation software platform. Our technology will support their collaboration with suppliers, business planning, project management, and spend management processes. The evaluation team at Ashland was very thorough and they established a strong business case for the ENFOS deployment. We also welcome Ashland and their suppliers to the ENFOS user community as well.”
About Ashland Inc.:
Ashland Inc. (NYSE: ASH) is a global leader in providing specialty chemical solutions to customers in a wide range of consumer and industrial markets, including architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. Through three business units – Ashland Specialty Ingredients, Ashland Performance Materials and Valvoline – Ashland uses good chemistry to make great things happen for customers in more than 100 countries. Visit http://www.ashland.com to learn more.
ENFOS is a SaaS platform that expertly manages all the complexities of remediation and asset decommissioning including reporting and disclosure requirements associated with ASC 410 and IFRS standards. ENFOS technology supports seemingly disparate data types and processes such as technical data and financial data to unlock the unknowns like root cause, cost drivers, and best practices.
The company’s solution integrates easily with customers’ ERP systems and legacy applications, providing for seamless real-time knowledge. Customers include BP, Total, Kinder Morgan, ConocoPhillips, Celanese, 7-Eleven, Canadian National Railway, and The RACER Trust.
ENFOS, Inc. is headquartered in San Mateo, California, with offices in the Chicago area, and China. For more information please visit www.enfos.com or call 1 (888) 838-7767.