The Oil & Gas (O&G) sector is one of the biggest contributor in the country’s GDP. It thrives amid many challenges and regulatory pressure. As an owner of an O&G company, you face these challenges and intense competition also. Here, SAP for oil and gas lends a helping hand. In this article, we are going to see the top features and benefits of a SAP solution for oil and gas sector.
SAP for oil, gas, and energy (OG&E) industry can help your company to get an edge over competitors while paving the way toward a sustainable future of renewable energy. You can reduce operational costs from your existing business and grab new business opportunities with SAP oil and gas solutions.
Solutions for the oil and gas industry from SAP Business One
Out of several solutions available from SAP, we will mention two major ERP software solutions for oil and gas industry.
SAP S/4HANA Cloud for Oil and Gas
This cloud-based ERP solution is useful for hydrocarbon accounting and management. It can increase upstream productivity and enhance asset usage by unifying production processes. SAP S/4HANA Cloud can work wonders across engineering, planning, and asset management departments of your oil and gas industry.
SAP S/4HANA Oil & Gas
Useful for hydrocarbon management, this solution can provide accurate inventory information in real-time. You can get better visibility into your business and make insightful decisions efficiently with the help of SAP S/4HANA oil & gas solution.
Top Features of SAP for Oil & Gas Industry
SAP for oil and gas industry has many features that can benefit the industry in multiple ways. Some of its top features are-
Equipment Maintenance
The SAP ERP solution is designed to monitor functioning of various equipment on a 24x7 basis. It is essential for reducing maintenance and repair costs significantly.
Procurement Management
SAP Business One and other SAP ERP software offers a functionality to manage procurement based on available stock in the warehouse. It brings continuity in the process.
Single Platform
As an integrated software solution, SAP for oil and gas offers a single platform for handling multiple processes.It does not require technical knowledge to access the important information.
Inventory Management
It facilitates the oil and gas industry to handle raw materials effectively and manage production planning accordingly. It also tracks stock reconciliation for ensuring more efficiency.
Budgeting and Planning
It enables users to make a budget as per the estimated production plan and assists you to maintain quality to add value to your oil and gas company.
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