Because of volatile oil prices and sustained bottom-line pressure, it is vital to make standard procedures as easy as possible. Therefore, upstream oil and gas operators are increasingly looking to innovate and simplify operations. They are aiming to achieve that with standard processes and automation.
The new S/4Hana Cloud solution for oil and gas companies is a portfolio of intelligent cloud services. It aims to set new industry standards with more transparency into operations and cash flow. New technologies including artificial intelligence, mobility and blockchain make this possible. The solution is available via both public and private cloud.
S/4Hana for more flexibility
“The oil and gas industry has traditionally been a leader in deploying intelligent technologies,” said Jan van den Bremen, senior managing director and global technology officer for the Accenture Resources operating group.
Van den Bremen explains, “Working with SAP, we are co-innovating on this new solution and harnessing the flexibility of S/4Hana Cloud to add agility and scale to operational processes. These range from finance to asset management to field logistics. Additionally, the deployment of S/4Hana Cloud can help companies transform into intelligent, digital enterprises.”
The ready-to-use solution is being developed with input from a consortium of companies in this industry, including Shell. Therefore, with the ideas of said companies, it can be based on recognized industry standards.
“Delivery of oil and gas industry requirements within S/4Hana Cloud will enable us to accelerate our strategy towards a standard SaaS ERP platform. Therefore, we are happy to see SAP collaborate with Accenture to develop these industry requirements,” said Frank Westerhof, general manager of Enterprise Platforms at Shell.
Maintaining standards and cutting costs
“Furthermore, SAP and Accenture expressed their commitment to helping oil and gas companies. They want to help them gain better visibility into their operations. Consequently, they could become intelligent enterprises,” said Benjamin Beberness, global vice president of the Industry Business Unit Oil and Gas at SAP.
Beberness adds, “We expect that this new solution will help oil and gas companies maintain high standards and cut costs. What is more, they can benefit from the flexibility that comes with a cloud deployment.”