Oil & Gas
In recent years the Oil and Gas sector has been characterised by
rising consumption of oil products, declining crude production and
low reserve accretion. More than ever before Oil and Gas companies
are subject to mounting barrel price rises and increased pressure
from customers and regulators to reduce costs whilst maintaining
profitability and accountability to stakeholders.
To successfully respond to these increased demands and still
maintain market share, Oil and Gas companies must be able to
increase cost recovery through accurate and unsubstantiated
billing. Accounting for revenue is a major factor to all
stakeholders with oil prices reaching unprecedented highs, margins
are being continually squeezed. As a result, players and
stakeholders are demanding more financial accountability.
Companies must ensure that any investment in technology meets their
exact requirements and will deliver value to customers, partners
and employees.
We achieve this by:
- Integrated mission–critical business applications and processes
for improved business collaboration
- Enterprise planning tools that facilitate budgeting,
forecasting and financial modelling such as I&E, OPEX and AFE
reporting
- Solutions that conform to the statutory and legal issues within
the confines of IFRS and Sarbanes-Oxley compliance
- Solutions that are designed specifically for the Oil and Gas
sector incorporating functionality for every aspect of the business
including analytical accounting, joint venture cost recovery and
spend control
- The ability to streamline the cost of acquiring, managing and
maintaining assets