Energy Sector Project ChallengesEvery day, companies in the energy industry, including oil and gas firms, must manage complex projects, control their processes, cut costs, meet regulatory requirements, and respond to numerous challenges. They also have to manage complex business relationships and opportunities as well as projects and resources. These companies need energy project management software that enables them to gain better visibility into their risks, address market pressures and develop strategies for success.
Organizations in the energy sector also have to onboard and develop new employees; track productivity and profitability; manage project accounting and ensure accurate billing; and have the ability to manage their financial performance in real time. Oil and gas accounting software can help energy companies provide a clear, real-time view of their profitability across their entire portfolio of projects and clients.
With an energy ERP system, energy firms can quickly and efficiently manage the costs of their projects so they can deliver cost-effective bids and develop forecasts more confidently. An energy business solution like ADEACA ONE can give enterprises real-time insight into their project data so they can improve their reporting as well as their communications with clients. ADEACA ONE enables companies in the energy sector to manage their complex projects so they can stay one step ahead of their competition.
Your Business is Projects
Whether you call them projects, engagements, or service contracts, energy extraction, production and distribution is a project-based business. You are like the 20% of all companies that organize their business activities in projects. All project-driven companies suffer from the same fundamental problem – the separation of project operations and project finance.
Like most project companies you probably run your project management system and financial ERP separately. This separation causes delays in data delivery as well as inaccurate information, both of which lead to an incomplete picture and the inability to make real-time, data-driven decisions for your business.
Projects are the center of your business. You need a Unified Project Solution to run your enterprise.
Meet ADEACA ONE on the Microsoft Dynamics 365 Cloud
A platform for how project-driven companies should operate.
Optimize your project financials and operations together. Make real-time, data-driven decisions for your company.Learn more >