Two cloud-enabled solutions built on SAP S/4HANA® to support hydrocarbon supply chain and upstream production optimization
WALLDORF, Germany and NEW YORK; Jan. 5, 2017 – Accenture (NYSE: ACN) and SAP SE (NYSE: SAP) are expanding their collaboration in the oil and gas industry to develop two innovative digital solutions with cloud capabilities. Both will be designed to improve bottom-line benefits including increased downstream operating margins with reduced risk and increased upstream production with lower costs.
The Connected Hydrocarbons Logistics solution (CHL) will provide real-time total inventory of oil and gas companies’ hydrocarbon supply chain. Cloud networking will connect companies with suppliers and partners, optimizing hydrocarbon supply chain movements, visibility into secondary costs, and reducing working capital. Using the latest SAP technologies such as SAP S/4HANA software and SAP HANA® Cloud Platform, along with the role-based SAP® Fiori user experience, CHL will complement and enhance the capabilities of SAP for Oil and Gas industry solutions and other SAP solutions with end-to-end visibility with real-time analytics and improved supply and demand planning.
Accenture and SAP will also expand their Upstream Production Operations collaboration which provides solutions and services supporting the upstream operations value chain including Upstream Operations Management, SAP© UOM, and Accenture’s rapid deployment upstream SAP S/4HANA template, Accenture Upstream Direct. The SAP® Predictive Maintenance and Service solution is also being extended to provide early identification of potential asset performance issues. This will enable upstream operators to enhance production volumes while reducing maintenance costs and planning.
“The hydrocarbon value chain is at the heart of the downstream business, and today’s fragmented and often outdated IT landscape prevents oil and gas companies from unlocking all of the available value,” said Andrew Smart, managing director who leads Accenture’s energy practice. “We look forward to working with SAP and our clients to use Connected Hydrocarbons Logistics to unlock this value by better managing changes in supply, demand and commodity prices. Similarly, the new predictive maintenance tool from SAP can help operators further enhance upstream operations, in an environment of sustained oil price volatility.”
“This expanded innovation program will deliver two key digital capabilities our customers are demanding; a real-time view of all their product inventories, and the ability to predict asset failures and prescribe their best sequence of repair,” said Ken Evans, Global Vice President, Oil and Gas Industry, at SAP. “Our digital readiness survey confirms that while over 80% of the industry sees these capabilities as important, less than 5% have either of them today. Our collaboration with Accenture expands the portfolio of solutions delivering such digital transformations to the oil and gas industry.”
The new solutions built for SAP S/4HANA will be co-developed by Accenture and SAP under their SAP S/4HANA collaboration with the participation of clients from both companies to ensure that specific industry needs are met. In October, Accenture and SAP announced their collaboration to develop the next generation of predictive analytics solutions for asset management in the utilities industry to enable condition-based maintenance.
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 394,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 335,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2016 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.
Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high-resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via e-mail links, and subscribe to RSS feeds from SAP TV.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
+ 1 281 900 9089
+ 1 312 693 7301
+ 1 484 437 0015