"We turned to SAP because we needed to have access to the best experts. The support we got from SAP MaxAttention was excellent and was a key to our success. The new solution has a simpler architecture, enhanced features, and significantly improved performance." - Stig Skoglund, Lead Analyst - Performance Management, Statoil ASA
It’s day 14 of the Sochi Winter Games and—as predicted by many—Norway is once again atop the gold medal count. Hardly surprising given that the Nordic country has been a dominant force in the Winter Games since the inception of the modern Olympic movement.
When you stop and consider the fact that Norway has a total population of only just over five million people, the true scope of this accomplishment is apparent. How do they do it? What’s the secret?
The secret, of course, is that there is no secret. Success is born out of innate talent, dedication, training, and the will to win. Domination is no accident; it’s the result of blood, sweat, and tears. Success comes to those who put in the work and who dedicate themselves to constantly upping their game. As they say, the competition never sleeps, so nor should you.
The same dedication to excellence and commitment to greatness is exemplified by Norway-based Statoil—a global leader in the energy industry. Never content to rest on the laurels, the company continues to push for greater performance in all aspects of its business. Most recently, this includes partnering with the SAP MaxAttention offering and SAP Consulting to implement SAP EPM solution (or Enterprise Performance Management) — significantly improving the company’s planning, production, and finance operations.
The move from a legacy Oracle database to the SAP HANA platform reduced implementation risks and accelerated the project’s implementation timetable. But perhaps even more importantly, the new SAP EPM solution was able to take advantage of the speed and agility of SAP HANA, improving Statoil’s ability to analyze mission critical data and make strategic decisions in real time.
Like the country’s Olympic athletes, Statoil stays on top by never stopping.
There is a lesson here for all of us.
Key Achievements:
- 6x faster financial consolidation (from 2hours to 20minutes)
- 15x faster data processing with easier editing and fewer errors (from 5minutes to 20seconds)
- 8x faster opening and closing periods for work status (from 15minutes to 2minutes)
See their full business transformation study [link]
For more information on SAP MaxAttention, click [here]
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