Top Reasons Why Your Oil & Gas Company Needs SAP Solutions

Posted by SAP Silvertouch on July 26th, 2023

The Oil & Gas (O&G) sector is one of the biggest contributors to 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.

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 the 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

SAP ERP solution is designed to monitor the 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 offer functionality to manage procurement based on available stock in the warehouse. It brings continuity to 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 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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SAP Silvertouch
Joined: April 13th, 2021
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