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Meeting the challenges in the Oil and Gas Industry with ERP

3 November 2015 5 MIN READ

Meeting the challenges in the Oil and Gas Industry with ERPTo be able to survive and earn in this highly competitive marketplace, entrepreneurs in the oil and gas industry have been continuously reevaluating their IT and business strategies. Energy firms today are seeking optimal operational efficiency supported by a superior utilization of their assets. However, this is not easily done, not without customized ERP software attached to their business process. ERP software for oil and gas helps entrepreneurs gain a time period visibility across the past and future production operations. Consequently, ERP vendors are coming up with several customized and industry specific packages for both large and medium scale enterprises. This software system are aimed at providing the client with the tools facilitating risk cutbacks, run an economical operation, boost profitability, keep up with the regulatory changes and other important business elements.

Entrepreneurs looking for the best ERP software for oil and gas should aim high on effectiveness and operational potency. The best choice would be versatile software that comes with an ascendable product design and provides the business with specified lightness and the freedom to move across a flexible software platform.

The key features of the ‘best of the breed’ ERP software for oil and gas should include:

  1. Integrated processes, right from engineering to maintenance and productions to financials
  2. Increased flexibility and a platform that proactively answers the ever changing conditions of the marketplace
  3. An improved utilization that cuts back maintenance price and extends the lifetime of the inventory

A good ERP software company will also provide high end customer support that brings in the rightful combination of experience and technology. They should have the ability to deploy the ERP system within a short time period and guarantee one-time live implementation. Further, it should also look into all the responsive solutions, specifically tailored to the business demands and the necessities of the client.

Today, more than 90% of oil and gas companies are using some king of ERP software to run the business processes. In the age, when business functionalities are getting broader, life would be near to impossible for an oil and gas player without a customized ERP solution in place. These powerful solutions are scalable and quite easy to use, even for a manager without high end technical training. If you are looking to face the cut throat competition and increase your profit margins, invest in an ERP software for oil and gas today!

About the author

Nidhi Batra

Nidhi Batra is a brand communication specialist at Uneecops. She is an active contributor to SAP Business One community and loves to write on smart and intelligent technology which is redefining business models such as SAP Business One, SAP Cloud, Tableau and Power BI. Having Master’s in English from Delhi University, she follows Gartner and spends her time reading avidly about Artificial Intelligence, SAP HANA, Cloud, DevOps, IoT, robotics and business automation.. Tweets at @nidhi_niya

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