Streamline finance and revenue processes for upstream companies
Improve the efficiency of revenue and venture management processes with software for hydrocarbon accounting from SAP. With our solutions, operators can work together with partners in a more effective and collaborative way while they track the progress of capital investments.
Determine revenue accounting quantities and values including individual ownership of hydrocarbons
Manage ownership allocation, contractual allocation, and product balancing in upstream production operations with revenue accounting software from SAP. Quantify revenue accounting data to verify actual amounts of hydrocarbons sold, separate working interest from royalty interest, calculate tax burdens, and disburse payments. Automatically reprocess closed accounting data when hydrocarbon measurements or ownership changes to calculate and pay royalty payments faster and more accurately.
Increase visibility into joint ventures and production-sharing contracts for timely billing and reporting
Gain full visibility into capital and operating expenses and overhead reimbursements using joint venture software from SAP. Capture joint-venture data, calculate partner shares of expenses, and distribute billable and non-billable costs to different cost centers and projects. Maintain accurate accounting records, and calculate partner expenses and distributions according to ownership agreements to comply with production sharing and joint venture agreements and timely invoice handling.
Manage expense authorizations and assets from inception through abandonment
Help ensure successful authorization for expenditure (AFE) programs by consistently applying project activities and cost collection – with SAP software for authorization for expenditure and asset management. Standardize templates for exploration, drilling, and abandonment authorization. Integrate project cost with asset management to help accountants close the books faster. Support industry methods for determining depletion, depreciation, and amortization calculations with asset management functionality.
Get the support you need to efficiently implement and operate your SAP solutions – and take advantage of new technologies. We offer a range of support services, from foundation level to strategic engagement and co-innovation.
Reimagine the way you do business with SAP Digital Business Services
Businesses everywhere are transforming into digital enterprises – but it’s not always that easy. SAP Digital Business Services can help guide your transformation journey every step of the way, from strategy to technology implementation and beyond.
Our experts take a holistic approach, helping you identify and implement new processes and capabilities while ensuring your operations continue to run smoothly. We’ll work to make sure your SAP software delivers ongoing, unsurpassed value as you address the evolving demands of the digital economy.