Business
Weighing up the pros and cons of outsourcing your Business’ Accounting Function
LAGOS, Nigeria, 8 June 2021 -/African Media Agency(AMA)/- Following a period of rapid growth and a landmark new pipeline contract, one of Nigeria’s leading services companies in the oil and gas sector had an urgent need for a world-class enterprise system.
The objective: end-to-end business transformation, with a focus on enabling all staff to operate effectively wherever they are, and improving internal efficiencies and visibility over the total performance of the business.
Oilserv, a leading provider of integrated engineering, procurement, construction, installation and commissioning (EPCIC) services in the oil and gas sector, chose SAP S/4HANA for a step change in productivity and accelerated business performance.
Iheanyi Achereke, ICT Manager at Oilserv, says: “We wanted to move our IT workload to the cloud, with multi-region fail-overs and a disaster recovery strategy to ensure business continuity at all times. Core to this was our upgrade to SAP’s market-leading S4/HANA enterprise resource planning platform, which gave us full access to SAP’s powerful embedded analytics.”
Oilserv provides a number of complementary solutions across the asset and program lifecycle within the onshore, offshore and subsea market segments of the oil and gas sector. The company was incorporated in 1992 and commenced operations in 1995.
Achereke says the business also needed a commercial project management tool that would help the business manage all customer projects in a single system. “We were facing several challenges with our existing system, including an inability to manage all project activities, consolidate project dates and report revenue. In addition, we needed to better measure and manage risk, and improve our change management activities.”
Oilserv worked with its implementation partners C2G Consulting to migrate the existing SAP system to S/4HANA with hosting on Microsoft Azure. In addition, SAP Commercial Project Management was implemented to enhance the capabilities of project management teams.
Partner support was invaluable to the success of the project. According to Achereke, 95% of the migration and subsequent implementation was done remotely. “We used the SAP Activate methodology and collaborated closely with C2G Consulting and the SAP team to ensure a seamless deployment. Daily stand-up sessions, regular town hall meetings and a focus on change management contributed to the overall success of the project.”
Since the migration and implementation, Oilserv has enjoyed an improved multi-channel user experience enabled by the Fiori user interface. “Access to the embedded analytics in S/4HANA is empowering our executives with real-time reports and visibility over the total performance of the business,” says Achereke. “Since implementation, we have also enjoyed faster system response times and improved visibility over our business partners, including vendors and customers.”
The enhanced project management capabilities enabled by SAP Commercial Project Management (CPM) has further improved Oilserv’s issue and risk tracking, standardised its project structures, and empowered internal teams with real-time access to project data. “We now use CPM at our weekly project management meetings at an executive level,” adds Achereke.
Pedro Guerreiro, Regional Director for Central Africa at SAP, says Oilserv has taken bold steps toward becoming an intelligent enterprise with its migration to SAP S/4HANA. “In today’s data-driven economy, organisations need full visibility over the total performance of the business in real time to empower decision-makers. With its landmark migration to S/4HANA, Oilserv has transformed its ability to turn data into insight that can drive business performance while establishing a strong foundation for future innovation and growth.”
Distributed by African Media Agency (AMA) on behalf of SAP Africa.
Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.
About SAP
SAP’s strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.
# # #
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.
© 2020 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.
Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from SAP TV.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Delia Sieff, SAP Africa, +27 (11) 235 6000, delia.sieff@sap.com
Adam Hunter, SAP Africa, +27 (711) 787 035, adam.hunter@sap.com
Maureen Wamboi, EIM Solutions, +254 732342220, mwamboi@eimsolutions.com
Sartaaj Rihal,EIM Solutions, +254 729 701589, sartaaj@eimsolutions.com
The post Oilserv leverages SAP S/4HANA to empower data-driven decision-making appeared first on African Media Agency.