September 19, 2014
Accenture Plans to Launch Upstream Solution for Independent Oil and Gas Companies on the SAP HANA® Cloud Platform
Solution to help clients prepare back office for front office growth
HOUSTON; Sept. 19, 2014 – Accenture (NYSE: ACN), in cooperation with SAP SE (NYSE: SAP), today announced the launch of an Upstream Solution for Independents, an end-to-end technology platform designed for medium- and small-sized independent oil and gas companies in North America. The solution aims to help clients significantly enhance production management and improve their return on investment in producing assets.
Leveraging the SAP HANA® Cloud Platform, the solution has been created to provide an organization with a single view of production operations, integrated financial accounting and robust reporting, thereby helping to drive front-office growth and stronger bottom-line results. Upstream Solution for Independents is also designed to help improve business decision-making by providing timely insights into costs and revenues, making revenue accounting more manageable for companies operating in the fast- growing unconventional shale oil and gas market.
“This highly scalable and fit-for-purpose solution will use standardized and integrated business processes and technologies to enable both growth and cost discipline by independent upstream operators,” said Andrew Smart, global managing director, Accenture energy industry group. “This industry solution, combined with a methodology for rapid, predictable and reliable deployment, is designed to replace aging legacy systems that are struggling to keep up with the pace of growth and to have our clients up and running in less than nine months.”
The new solution brings together Accenture’s intellectual property and deep industry experience in deploying SAP software as well as strategy, technology and operations services with innovative solutions from SAP that run on the SAP HANA Cloud Platform, including:
- SAP® Business Suite powered by SAP HANA for core enterprise resource planning (ERP) with SAP HANA Live for analytics and reporting;
- The latest-generation SAP Production Revenue and Accounting application along with functionality of the SAP Joint Venture Accounting application;
- The field tested Accenture Enterprise Solution for Energy, built on the latest SAP technology and tailored to meet the needs of growing North American independent oil and gas companies.
Launched with the next generation of SAP Production Revenue and Accounting in the United States, the new solution is designed to include a selection of turnkey services for implementation, application support and hosting, plus master data services.
The Upstream Solution for Independents was developed by and will be delivered through the recently announced Accenture and SAP Business Solutions Group as part of the expanding portfolio of solutions and services of Upstream Production Operations by Accenture and SAP
announced earlier this year. Accenture and SAP are showcasing the solution at the Oil & Gas Best Practices conference in Houston on Sept. 16-19.
“We anticipate that the combined experience of SAP and Accenture, as well as the upgraded roadmap for SAP Production Revenue and Accounting, will bring independents outstanding technology and business processes that can be implemented as-is or adapted to each company’s needs,” said John Tully, senior vice president and managing director, South Region, SAP America, Inc. “This sophisticated yet user-friendly solution is a testament to our commitment to deliver unprecedented value to our clients through the Accenture and SAP Business Solutions Group.”
Accenture is a global management consulting, technology services and outsourcing company, with more than 293,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$28.6 billion for the fiscal year ended Aug. 31, 2013. Its home page is www.accenture.com.
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