Optimizing SAP Business Process helps Oil & Gas Industry to Maximize Efficiencies
Harnessing the power of Big Data is an overwhelming challenge for even the most disciplined enterprise. However, the task grows more complicated in a highly regulated industries such as Oil & Gas / Energy Services, where incredibly large volumes of data are simultaneously being created, shared and processed from locations across the globe. System performance is paramount, and it’s critical that all data be available and accessible when needed or processes can break down.
Just imagine a fully loaded oil tanker ready to offload its valuable shipment being denied entry into a port because of a rather inexpensive, but unpaid invoice The ramifications are many, both for those depending on the delivery and the reputation of the provider. With increasing demand to operate at the Speed of Now, this is a delay that no business can afford; however, it actually happens too often.
With a global workforce highly dispersed between oil fields, oil rigs, refineries, transport tankers at sea and other remote locations around the world, energy companies demand real-time access to a centralized view of important business processes despite functioning in a highly decentralized environment. The
complexity of this sophisticated yet disseminated environment accentuates any process gaps in core, but often overlooked, functions such as procure-to-pay and order-to-cash. Mistakes as a result of these gaps can be crippling.
Dolphin’s business process management solutions are deployed upstream, midstream and downstream by leading energy companies to help customers reduce revenue leakage lost to delays, inefficiencies and process outsourcing, ensuring capital preservation from start to finish. Cash is king, and the end-result is a more efficient cash flow. This frees up money to take advantage of early pay discounts or apply cash faster, further increasing the bottom line.
Comprehensive, end-to-end procure-to-pay and order-to-cash solutions for SAP customers in the Oil and Gas industry are critical. Unlike other point products, these are built using the SAP workflow engine, and leverage the existing SAP application to deliver a total solution that provides a 360-degree view of processes, increases efficiencies and enables cash requirements forecasts based on real-time information.
What do you think is the biggest challenge controlling data and processes in a highly decentralized environment, like Oil & Gas?