60% Consolidation Process Improvement Achieved At A Big Oil & Gas Company
An Oil & Gas company in Europe with 126 billion $ in revenue was using a legacy version of SAP Business Planning and Consolidation. They were overall satisfied with the solution, but due to complex Consolidation scenarios, they occasionally experienced performances issues.
They decided to upgrade to SAP Business Planning and Consolidation version 10, with consideration of all the enhancements and improvements related to consolidation features (Consolidation Monitor, new web interface for ownership manager and journal entries, etc…).
At the same time, they decided to migrate from Oracle DB to SAP HANA to improve the global response times. In addition, they wanted to migrate to this new platform to be ready for future needs.
From a project perspective, the requirements were quite simple; a smooth and fast migration, without any disruption of ongoing business was mandatory.
Another key topic was to utilize the next generation of IT architecture to enable future growth and possibilities. Finally, they wanted to reduce the Total Cost of Ownership by simplifying the architecture.
The results were quite impressive: true innovation without disruption, without any downtime for existing processes. The complete process took less than 3 months.
The big HANA moment came when we realized that the time it takes to execute the customer’s complex consolidation process decreased by 60%.
There was also an impressive 50% improvement in overall system performance, and a number of administrative tasks such as processing dimensions with several thousand members are now running 15 times faster (reduced from 5 minutes to 20 seconds).
The customers Analysts can now better support the business instead of running reports. They are now empowered to spend more time analyzing their data to generate valuable and real-time business insights.