March 20, 2023 10:30 AM

SAP ERP Business Solutions for Oil & Gas Industry

SAP offers intelligent, integrated, and sustainable business solutions that enable oil and gas companies to automate their day-to-day business processes and enhance communication with customers, suppliers, and employees. These solutions include supply-chain management, human resources, plant maintenance, accounting and finance, and oil and gas applications.

SAP ERP solutions with AI & Analytics

Oil, gas, and energy companies are using SAP ERP solutions in combination with artificial intelligence, analytics, robotics, and Blockchain to increase efficiency, productivity, reliability, and predictability of operations. These solutions provide business insights with built-in analytics for operational reporting, contract use, and delivery time, identify slow-moving inventory items, and provide real-time data and mobile-enabled transactions for better decision- making and user experiences.

One of SAP's solutions is the SAP Predictive Asset Insights, which provides real-time equipment monitoring and health information for assets based on critical values and trends. This enables efficient asset maintenance strategies for better managing costs, risks, and performance. The solution is fully integrated, with real-time trading, scheduling, and pricing and is available on any device. It allows users to access current and planned inventory and nomination data in real-time and revise their final schedule on any device.

SAP S/4HANA Cloud is a cloud-based platform that supports the development of predictive maintenance models, while SAP Analytics Cloud houses the data and enables reporting. SAP's intelligent strategic planning tools allow finance and supply chain functions to create alternative scenarios on the fly, making it an intelligent enterprise solution for the oil and gas industries.

SAP solutions for all operations

The oil and gas industry comprises upstream, downstream, and midstream operations. SAP offers solutions tailored to each of these operations. Upstream operations use SAP Joint Venture Accounting (JVA), SAP Production & Revenue Accounting (PRA), SAP PSA/PSC (Production Sharing Accounting or Production Sharing Contracts), and SAP RLM (Remote Logistics Management). Downstream operations use MM (Materials Management, Procurement, inventory), SD (Sales and Distribution), and SAP IS-Oil. Midstream operations use SAP Industry cloud solution, SAP Service and Asset Manager, SAP Asset Strategy and Performance Management, and SAP Asset Intelligence Network.

As a trusted partner and consultant, Web Synergies analyzes a business's operating environment and can implement SAP's IS-Oil solution, which is tailor-made for the oil and gas industry. The company uses analytical frameworks to evaluate the impact of factors affecting a company's systems, technology, business processes, and environment. With deep domain expertise, SAP consultants engage effectively with customers to design, build, and test winning SAP business solutions.

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