Accenture Collaborates With SAP to Provide Upstream Operational Solutions for Global Oil and Gas Com
Accenture Collaborates With SAP to Provide Upstream Operational Solutions for Global Oil and Gas Companies
HOUSTON--(BUSINESS WIRE)-- Accenture (NYS: ACN) today announced that it is working with SAP AG (NYS: SAP) to help global oil and gas companies improve their operational performance and increase efficiencies with upstream solutions.
Accenture and SAP will work closely with these companies to extend the current capabilities of SAP® solutions by integrating operational functions that span engineering, production, maintenance, finance, and environment, health and safety (EH&S).
"Accenture and SAP have enjoyed a strong relationship for decades, developing customized solutions to help oil and gas companies improve their operations," said Sam Paul, managing director of Accenture's energy industry group in North America. "Whether it's integrating key upstream processes or capitalizing on business analytics or mobility, based on SAP technology, Accenture is focused on providing innovative solutions that help its clients become high-performance businesses."
Cooperation between Accenture and SAP will be centered initially on leveraging SAP applications, including SAP Upstream Operations Management and SAP Production and Revenue Accounting, to address the needs of integrated digital oilfield operations.
Accenture will leverage Accenture Advanced Enterprise Solution (AAES) to deliver SAP solutions that are custom built for oil and gas upstream operations. AAES links Accenture's industry insights and experience into a set of leading practices, processes and technologies that is packaged for rapid deployment and provides more predictable, high quality results. The objective is to help these companies take immediate advantage of new innovations, such as analytics, mobility, in-memory and database technology, including the SAP HANA® platform.
"Today, many decisions and processes of global oil and gas companies are located in isolated silos across the organization," said Michael Wendell, head, Industry Business Solutions, SAP. "For example, revenue processes may be held in one system, cost processes in another, root-cause analysis in yet another. Through this cooperation with Accenture - our long-term teaming partner in the oil and gas industry - we aim to help eliminate these silos and better enable real-time decision making and execution of upstream operations activities across multiple dimensions of an organization. This will help oil and gas companies to better understand the true impact on operations, helping deliver more value to upstream operations."
SAP and Accenture have already deployed SAP applications and SAP analytics and mobility solutions that showcase a complete, end-to-end "day-in-the-life" scenario for upstream oil and gas operations.
Accenture will also work with SAP to incorporate global requirements and new functionality into the SAP solutions, building out a fully global hydrocarbon solution for upstream oil and gas.
Accenture is a global management consulting, technology services and outsourcing company, with 257,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com.
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All other product and service names mentioned are the trademarks of their respective companies.
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Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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