Pimsoft

Pimsoft

Information Technology & Services

Turin, Italy 4,323 followers

Conditioning Data for Digital Transformation in the Process Industries

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About us

Pimsoft brings innovative solutions and engineering skills to industries where real-time operational intelligence and mission critical systems are key factors for companies committed to delivering successful services and products. With more than 250 installations worldwide, Sigmafine® is the state-of-the-art solution for data validation and reconciliation systems improving the consistency, quality and traceability of production data. Moreover, additional market-oriented modules have been developed by Pimsoft through years of experience worldwide on operating projects, thus further leveraging the capabilities and functionalities of Sigmafine®. Pimsoft is globally renowned for its excellence in data validation and reconciliation (DVR) implementations, matured through years of experience in providing Production Accounting and Data Reconciliation systems for a wide range of markets (refining, gas plants, chemicals, LNG, metals & mining, power generation, and more) based on its own Sigmafine® product. Its subsidiary company, Pimsoft Inc., is based in Houston, Texas and is where Sigmafine® core components, new functionalities and products are developed.

Website
http://sigmafine.com/
Industry
Information Technology & Services
Company size
51-200 employees
Headquarters
Turin, Italy
Type
Privately Held
Founded
1995
Specialties
MES, Data Quality, Digital Transformation, PIMS, Data Reconciliation, Production Accounting, Industry 4.0, Quality Tracking, Material Tracking, Yield Accounting, Energy Management, Composition Tracking, Performance Monitoring, Assett Optimization, Circular Economy, Sustainability, Process Industries, Mass Balance, Component Balance, and Metallurgical Accounting

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Updates

  • View organization page for Pimsoft, graphic
    Pimsoft

    4,323 followers

    Join us in New Orleans, March, 24th-28th at the 2024 AIChE - American Institute of Chemical Engineers Spring Meeting and 20th Global Congress on Process Safety. Stop by Booth #523 and meet with Carlos Quintana to have all your questions answered on how Sigmafine and SigmafineHub can help ensure you have accurate process data you can rely on to empower all your digital transformation initiatives. Learn more here: https://lnkd.in/en7u4WSr #AIChECongress #digitaltransformation #digitalassets #dataquality #conditioningdata

    • Join us in New Orleans, March, 24th-28th at the 2024 AIChE - American Institute of Chemical Engineers Spring Meeting and 20th Global Congress on Process Safety.
  • View organization page for Pimsoft, graphic
    Pimsoft

    4,323 followers

    Join your industry peers at our annual users' meeting, the 2024 Sigmafine Summit, as we gather to discuss transforming your data into digital assets. Hear how other customers have implemented Sigmafine to address business challenges and learn what the product development team's plans are to improve and enhance the platform. We will hold two virtual sessions from 9 am - 12 pm (CET) for EMEA & APAC, and 9 am -12 pm (CST) for the Americas. We invite you to register for the session that best fits your schedule. The sessions will also be made available on demand for those who can not attend. Register EMEA & APAC: https://lnkd.in/gtqT627M Register AMERICAS: https://lnkd.in/gdf87GUs

    • Join us for the 2024 Sigmafine Virtual Summit, on Wednesday, January 24th, 2023.
  • View organization page for Pimsoft, graphic
    Pimsoft

    4,323 followers

    Join Rifle-Shot Performance Holdings (Pty) Ltd, our partner in South Africa, for a free webinar on how to minimize losses implementing an effective component balancing and material tracking practice. SAIMM - The Southern African Institute of Mining and Metallurgy

    View organization page for Rifle-Shot Performance Holdings (Pty) Ltd, graphic
    Rifle-Shot Performance Holdings (Pty) Ltd

    417 followers

    What’s DATA Worth? -The REAL VALUE FREE ONLINE WEBINAR DATE: 13 February 2024 | TIME: 10:00 Register Here: https://lnkd.in/d2YxS4y The Challenge: What is the real VALUE of Data Quality? – or Quality Data? Whether we’re talking about a refinery or a gold mine, losses resulting from yield losses, theft and/or the processing of raw materials amount to millions of dollars per year, whether it is in mining or the oil value chain. The famous London-based Ernst & Young (EY) audit and consulting company estimates that around $133 billion worth of crude oil and refined products are stolen or adulterated every year. While it seems there’s not much to be done about that until finding the rough, inaccurate estimation of the amount after the fact, this is not the case. When it comes to material and composition tracking, accurate data from multiple sources allows one to identify very small percentage variances quickly. The difference in monetary terms? A variance of 1% in a South African Energy company (Fuel, Chemicals, Energy) equates to around $60m per year. Managing loss-reduction programmes is extremely time-consuming when managed manually, and usually reporting on losses incurred during the processing alone can take up to a month to complete, leaving no room for loss detection, let alone error correction. The Solution Estimated savings from an oil loss-reduction programme for a refinery or large fuels consumer such as a power station are typically between 2 to 10m$/year for an average-sized oil refinery, and on a gold or platinum loss-reduction programme, between 2 and 9M$/year. However, for these savings to be attained, reconciled data has to be accurate, and received in near real-time. When looking at component mass balancing, there are several factors we have to take into account: • Analysis frequency – hourly, daily, etc. • Component Balance Flag - Choose where the Component Balance is applied, or where a simple material balance is required • Reconciliation of all components - Provide a consistent set of reconciled masses and components, and provide reconciled data for unmeasured quantities. The complexity of analyses in Mass Balancing, Volume Balancing, Energy Balancing, Component Balancing, Material Tracking and Quality Tracking CAN all be managed in one place, allowing you the ability to minimize losses almost immediately, saving millions of dollars, whilst complying with ever more stringent regulations, and enabling enormous top and bottom-line savings.

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  • View organization page for Pimsoft, graphic
    Pimsoft

    4,323 followers

    Implement targeted measures to reduce costs, minimize waste, and optimize resource utilization. Material Flow Cost Accounting (MFCA) provides a framework for organizations in the process industries to measure and manage their material and energy flows, leading to significant cost savings and sustainability improvements. MFCA helps identify cost-saving areas, leading to improved profitability, reduced production costs, and increased competitiveness in the market. By identifying and addressing material losses and waste, companies can reduce their resource consumption, greenhouse gas emissions, and other environmental burdens, leading to improved sustainable practices and a smaller ecological footprint. Material Flow Cost Accounting (MFCA) offers several benefits for the process industries - Cost Reduction - Environmental Sustainability - Enhanced Resource Efficiency - Improved Profitability - Compliance with Standards and Regulations In this webinar, you will learn how Sigmafine plays a significant role in supporting Material Flow Cost Accounting (MFCA) through... Accurate Data Collection: Sigmafine collects real-time data from various sources such as sensors, meters, and other data systems. This data is essential for calculating material flows and identifying losses within the process industry. By providing accurate and reliable data, Sigmafine ensures the integrity of the MFCA calculations. Material Balance Calculations: Sigmafine performs material balance calculations by reconciling raw material inputs, intermediate flows, and final product outputs. These calculations help identify any discrepancies or deviations that could lead to material losses and inefficiencies. Sigmafine's algorithms ensure accurate calculations and enable comprehensive material flow analysis. Loss Monitoring and Reporting: Sigmafine provides comprehensive monitoring and reporting capabilities for material losses and inefficiencies. It enables users to track material losses at different stages of the production process and identify the root causes. Sigmafine's reporting features allow users to generate customized reports to analyze and visualize the material flow costs, facilitating decision-making and process improvement. Process Optimization: Sigmafine helps drive process optimization by providing real-time visibility into material flows. By analyzing the data, users can identify bottlenecks, inefficiencies,

    Material Flow Cost Accounting for Process Industries - Americas

    Material Flow Cost Accounting for Process Industries - Americas

    www.linkedin.com

  • View organization page for Pimsoft, graphic
    Pimsoft

    4,323 followers

    Implement targeted measures to reduce costs, minimize waste, and optimize resource utilization. Material Flow Cost Accounting (MFCA) provides a framework for organizations in the process industries to measure and manage their material and energy flows, leading to significant cost savings and sustainability improvements. MFCA helps identify cost-saving areas, leading to improved profitability, reduced production costs, and increased competitiveness in the market. By identifying and addressing material losses and waste, companies can reduce their resource consumption, greenhouse gas emissions, and other environmental burdens, leading to improved sustainable practices and a smaller ecological footprint. Material Flow Cost Accounting (MFCA) offers several benefits for the process industries - Cost Reduction - Environmental Sustainability - Enhanced Resource Efficiency - Improved Profitability - Compliance with Standards and Regulations In this webinar, you will learn how Sigmafine plays a significant role in supporting Material Flow Cost Accounting (MFCA) through... Accurate Data Collection: Sigmafine collects real-time data from various sources such as sensors, meters, and other data systems. This data is essential for calculating material flows and identifying losses within the process industry. By providing accurate and reliable data, Sigmafine ensures the integrity of the MFCA calculations. Material Balance Calculations: Sigmafine performs material balance calculations by reconciling raw material inputs, intermediate flows, and final product outputs. These calculations help identify any discrepancies or deviations that could lead to material losses and inefficiencies. Sigmafine's algorithms ensure accurate calculations and enable comprehensive material flow analysis. Loss Monitoring and Reporting: Sigmafine provides comprehensive monitoring and reporting capabilities for material losses and inefficiencies. It enables users to track material losses at different stages of the production process and identify the root causes. Sigmafine's reporting features allow users to generate customized reports to analyze and visualize the material flow costs, facilitating decision-making and process improvement. Process Optimization: Sigmafine helps drive process optimization by providing real-time visibility into material flows. By analyzing the data, users can identify bottlenecks, inefficiencies,

    Material Flow Cost Accounting (MFCA) for the Process Industries - EMEA

    Material Flow Cost Accounting (MFCA) for the Process Industries - EMEA

    www.linkedin.com

  • View organization page for Pimsoft, graphic
    Pimsoft

    4,323 followers

    Join Marco Lanteri and Dr. Veletia Amato Moodie on Wednesday, November 15th for an informative webinar on how Material Flow Cost Accounting (MFCA) based on the ISO 14501 framework helps identify cost-saving areas, leading to improved profitability, reduced production costs, and increased competitiveness in the market. We encourage professionals working in the refining and chemical industries, and metals and mining industry, including executives, managers, and environmental specialists, to join us for this informative webinar. Attendance is free, and all participants will have the opportunity to engage in a live Q&A session with our industry principals. REGISTER: https://lnkd.in/g_bG9qBb

    • Join us Wednesday, November 15th for an informative webinar on how Material Flow Cost Accounting (MFCA) helps identify cost-saving areas, leading to improved profitability, reduced production costs, and increased competitiveness in the market.

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