Oracle Cloud ERP - Oil and Gas Industry Enabler for Digital Finance Transformation

Transcription

1 GLOBAL SPONSOR October 25, 2018 Oracle Cloud ERP - Oil and Gas Industry Enabler for Digital Finance Transformation

2 Introductions

3 Introductions Howard Glanville Managing Director Deloitte Consulting LLP Srinivas Venneti Senior Manager Deloitte Consulting LLP Copyright 2018 Deloitte Development LLC. All rights reserved. 3

4 Oracle Cloud in the Oil & Gas Industry

5 Industry Disruptors Trends Increased US Production US export activity Stable commodity prices Increased M&A activity J/V activity for large projects Increasing regulation Workforce reduction & changes Implications Need for improved capital planning & execution Efficient asset life cycle management Need for supply chain optimization Increased health, safety & environmental solutions Robust reporting frameworks Need for on the go mobile technology HCM workforce optimization Challenges Multiple technologies Decentralized and disparate processes Lack of standardization Inefficient and costly manual processes Lack of centralized procurement Inefficient master data management Lack of integrations with asset management systems and visibility of financials for operation Lack of inventory transparency and ability to accurately report on-hand inventory Change management Copyright 2018 Deloitte Development LLC. All rights reserved. 5

6 Considerations for moving to the Cloud Cloud principles Drive Process Standardization Reduce Costs Change Customization Mindset Factors driving Cloud adoption Lower total cost of ownership Unlimited elasticity and scalability Ongoing innovation and upgrades Completeness of solution Extensibility (upgrade friendly) Modularity and choice of adoption Internal digital collaboration, contextual business intelligence, role-based dashboards, mobile applications Standard practices, vanilla mandate, data isolation and protection Copyright 2018 Deloitte Development LLC. All rights reserved. 6

7 Closing the gap with Oracle Cloud Need for improved capital planning & execution Efficient asset life cycle management Need for supply chain optimization Increased health, safety & environmental solutions Robust reporting frameworks Need for on the go mobile technology HCM workforce optimization Copyright 2018 Deloitte Development LLC. All rights reserved. 7

8 Our Solution

9 Our solution by the numbers Deloitte s Oil & Gas SolutionPrint is a pre configured package of business process models, application instances, and documentation to improve the speed and affordability of Oracle Cloud deployments Process maps User Stories / Requirements Test Scripts & Scenarios Personas Integrations Pre-integrated Modules Key Design Decisions 1 Unified HCM Solution Process flows across procurement, finance and project accounting Robust requirements mapped to process flows and journey maps for Agile delivery Testing materials, test scripts and scenarios, testing conditions to enforce solution delivery quality User Personas to help define the target user profile and how they will use the system A robust set of common interfaces to support a holistic solution Preconfigured set of modules with industry based configurations Key industry specific design decisions supporting processes Technical repository with comprehensive library of assets for HCM implementation Pre-built RPA Bots to automate processes Oracle blockchain enabled B2B solutions Interactive visualization and real time dashboards Mobile approvals Social Collaboration Solutions Copyright 2018 Deloitte Development LLC. All rights reserved. 9

10 Solutions for oil & gas project complexities With unique sector processes driving project complexity, we have built the solutions using digital disruptors that provide a comprehensive oil and gas solution for all accounting and integration needs Industry Solutions Joint Venture Billing Retention Solutions Statistical volume reporting Flexible Chart of Accounts Chart of Accounts based on Industry leading practices Ability to drilldown and capture financial and production accounting data Procure to Pay Automation Punchouts, Price lists & Item catalogs Automatic PO generation PO/Invoice matching (2-way and 3-way) Invoice scanning Payment schedules Mobile & Social Solutions Mobile approvals and workflow Social & contextual collaboration PaaS integrations Integrations with Production systems Integrations with asset management systems Copyright 2018 Deloitte Development LLC. All rights reserved. 10

11 Asset management and supply chain integration Oracle Financials Cloud provides the required tools to be able to efficiently integrate cost activity between Asset Management and Oracle Financials using a middleware. Site Technician Planner/ Scheduler Creates work orders and demand Creates requisitions against work order demand Asset Management System (AMS) Approved AFEs O&M/AFE Work Orders Labor Costs Requisition, Requisition Status Purchase Order (Commitment) Receipt (Contract Labor and Material Cost) Oracle PPM Cloud Oracle Procurement Cloud Creates projects and obtains AFE approvals Project Manager Records labor hours against work orders Completes sourcing and creates POs Purchase Orders Employee / Timekeeper Buyer Monitors area level AFE budgets and Site Manager costs Invoice and Payment confirmation Oracle Financials Cloud Invoices Suppliers Master Data Synchronization Copyright 2018 Deloitte Development LLC. All rights reserved. 11

12 End to end HCM solution Oracle offers leading and comprehensive HCM global solutions to meet oil and gas workforce challenges. Global HR Core HR Workforce Modeling Workforce Predictions Governance, Risk & Compliance Workforce Rewards Benefits Compensation Management Payroll Incentive Compensation Workforce Management Expense Management Project Management Absence Management Time & Labor Talent Management Recruiting Goals & Performance Career Development Learning Succession Work Life My Brand HR Helpdesk My Wellness & Competitions My Volunteering Health & Safety Copyright 2018 Deloitte Development LLC. All rights reserved. 12

13 Digital Finance Solutions

14 Oracle digital technologies delivering value + velocity Digital technologies are changing how businesses operate and the ways companies engage with customers. CFOs and the organization can either help drive the Digital agenda or be left behind. With Oracle Digital Technologies, Deloitte + Oracle are providing a compelling value proposition to organizations Digital Disruptor Sample Challenges Oracle Cloud + Digital Disruptor Solution Illustrative Client Impact Blockchain Cognitive Computing Process Robotics How can we lower operating cost for providing transactional services? Pre-Built RPA and chat bots on Oracle Cloud ERP across RTR, PTP and QTC process areas. Decrease the FP&A and CC&R time by up to 30% Process Robotics ORACLE Cognitive Computing How can I get real-time financial data with timely and crisp insights without information overload? Developed Precision View tm that leverages predictive analytics and machine learning to improve planning accuracy. Developed CFO s Personal Assistant powered by platforms like Intelligent Bots, Alexa and Amelia that can be used to get real-time insights from Oracle Cloud. Increased accuracy, better insights and real-time information access for improved decision making Blockchain How can I improve my cash position by efficiently managing payments / receipts? Built Oracle Cloud B2B Payments BaaS solution that enables near-real time, more secure B2B payment remittances at a much lower cost Decrease Cost per/invoice by up to 28% from Best in Class ($1.80 vs. $2.50) Visualization Advanced Analytics Visualization How can I achieve insight by visualizing my global sales and profitability in an interactive tool? Enable dynamic visualization through Oracle Cloud allowing for interactive yet mobile dashboards. Real-time on-the go information access for better decision making Advanced Analytics How can we better predict our revenue, costs, and overall business performance? Out-of-the box Oracle Cloud capability for predictive analytics combined with internal and external data to establish a rolling, driver-based forecast model to accurately predict a rolling multi year forecast Decrease FP&A time by 30% with Improved forecast accuracy by 50%. Copyright 2018 Deloitte Development LLC. All rights reserved. 14

15 Chatbot demo Copyright 2018 Deloitte Development LLC. All rights reserved. 15

16 Summary

17 Summary Adapt to Cloud Project Methodologies Give users access to the system sooner to test and learn Mitigate scope creep through earlier understanding and adoption Plan and communicate project schedule early Extensive Proof of Concept to include all critical functionality Kick start ongoing digital transformation with cloud implementations Commitment from Team & Leadership Adopting Oracle standard business processes Focus on business transformation instead of technology lift and shift Leadership support communicated to all levels Dedicated project team Expectations Management Project Team there will be bugs! End Users everyone has their own expectations; manage expectations proactively! Engage Oracle implementation success team throughout the project Pace of the project is fast in Cloud implementations Don t neglect the Organizational change impacts Copyright 2018 Deloitte Development LLC. All rights reserved. 17

18 Thank you. This publication contains general information only, and none of the member firms of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collective, the Deloitte Network ) is, by means of this publication, rendering professional advice or services. Before making any decision or taking any action that may affect your business, you should consult a qualified professional adviser. No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person who relies on this publication. As used in this document, Deloitte means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see for a detailed description of the legal structure of Deloitte USA LLP, Deloitte LLP and their respective subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. Copyright 2018 Deloitte Development LLC. All rights reserved. Member of Deloitte Touche Tohmatsu Limited