Industry:

Oil and Gas

Digital Transformation: Unifying Global Operations with Oracle Cloud ERP for a Leading EPCI Provider in the Energy Industry

Client Overview

A leading global provider of engineering, procurement, construction, and installation (EPCI) services for the energy industry, operating across 54 countries. Specializing in integrated offshore and onshore solutions for oil and gas, LNG, power, and renewable energy projects, it is known for executing complex projects with advanced engineering, innovative technologies, and a strong commitment to safety and sustainability.

Project Scope

• Global Oracle Cloud ERP Implementation – Deploy a single global instance covering ERP, PPM, HCM, and Finance across 54 countries. 

• Legacy System Integration & Data Migration – Migrate open projects, historic transactions, and integrate with legacy engineering, procurement, and PLM systems. 

• Financial Consolidation & Compliance – Enable multi-currency financial reporting, automated tax handling, and compliance with IGAP and IFRS standards. 

• Process Automation & Standardization – Streamline order-to-cash, procure-to-pay, and supplier management processes while reducing manual interventions. 

• Enhanced Decision Support & Reporting – Implement real-time group P&L consolidation, improve governance of payments and receipts, and accelerate investor and board reporting.

Business Situation

The client faced significant operational challenges due to its constant acquisition of companies, leading to multiple legacy engineering and procurement systems. The company needed to migrate open projects while consolidating financials across multiple currencies. Manual planning, budgeting, and decentralized payments further complicated operations, causing inefficiencies in business process management and delays in investor reporting.

Technical Solution

To streamline operations, the client implemented a single global instance of Oracle Cloud ERP, PPM, HCM, and Finance applications across 54 countries. This transformation integrated legacy and PLM systems, automated tax handling, enabled real-time multi-currency financial consolidation, and established a single source of master data for suppliers, projects, and items. The new system ensured compliance with IGAP and IFRS while enhancing reporting, governance, and decision-making across global operations.

Solutions

• Global Oracle Cloud ERP Implementation: A single global instance of Oracle Cloud ERP, PPM, HCM, and Finance applications successfully deployed across 54 countries and 54 branches. 

• Compliance & Financial Standards: System aligned with IGAP and IFRS regulations, ensuring adherence to global accounting and reporting standards. 

• Seamless Integration & Data Consolidation: Integrated with engineering and finance systems, enabling smooth data exchange between legacy, PLM, and Oracle ERP. 

• Automated Multi-Country Operations: Cloud-based supplier management, multi-currency handling, and automated tax compliance across multiple regions. 

• Real-Time Financial Insights: Single source of master data for suppliers, projects, and items, with real-time group P&L consolidation across all branches.

Illustrations
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Benefits

• Enhanced Payment & Receipts Governance: Improved control and transparency over all payment and receipt processes, ensuring compliance and efficiency. 

• Advanced Decision Support System: Provides real-time insights and analytics to drive informed decision-making across the organization. 

• Unified Supplier Outstanding Report: A single, consolidated view of supplier outstanding balances for better financial tracking and management. 

• Streamlined Order-to-Cash & Procure-to-Pay: A standardized process for order-to-cash and requisition-to-pay cycles, enhancing operational efficiency. 

• Optimized Outsourcing Decisions: Data-driven insights enable strategic outsourcing decisions, improving cost management and resource allocation.

Products & Services Used

dataZap was used to Migrate open projects, historic transactions, and integrate with legacy engineering, procurement, and PLM systems.

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