Suncor: Creating efficiencies to aid a sustainable energy transition with AI-enabled tax and financial processes

Learn how SAP Business AI has significantly improved Suncor's tax department’s efficiency and productivity, enabling the team to focus on more strategic tasks. Dokumentum letöltése

INTERNAL – SAP Only (delete if public)Suncor: Creating efficiencies to aida sustainable energy transition withAI-enabled tax and financial processesSuncor Energy Inc. believes it has a key role to play in providing secure access to affordableenergy, supporting a vibrant Canadian economy, and improving environmental performance.In doing this, it also wants to help Canada reduce greenhouse gas emissions and achieve itsclimate ambitions.Part of this involves ensuring business processes are as efficient as possible. To that end, thecompany wanted to automate the way it computed and posted tax amounts onintercompany transactions and improve its vendor invoice management. This would not onlysupport compliance, risk management, and efficiency efforts but also help realize thecompany’s goal of zero carbon emissions.
INTERNAL – SAP Only (delete if public)The ICT automation rebuild must be one of the mostsuccessful rebuilds done during the project. We wentfrom an 11-hour execution time that needed to bemonitored fully to under 10 minutes. Thank you to SAP’steam for bringing a great design and improving on theprevious solution. This has turned a previously high-stresspart of month end into just another task to run.Derrick Polakoff, Digital Delivery Analyst—Enterprise Digital Automation,Suncor Energy Inc.Suncor Energy Inc.Calgary, Canadawww.suncor.comIndustryOil, gas,and energyEmployees>14,000RevenueUS$52 billionProducts and servicesExtraction, production, and provision ofenergy from sources including oil sandsand renewable fuelsFeatured solutionsSAP Business AI, SAP AI Core,SAP Build Process Automation,SAP HANA Cloud, and SAP Fiori UXUS$20,000Reduction in month-end closingcosts98%Reduction in time toreconcile ICT postingsBefore: Challenges and opportunities Compute, reconcile, and post tax amounts on intercompany transactions (ICT) more efficiently Modernize the accounts payable team’s automated tool for vendor invoice management, whichwas inflexible and required IT expertise Help integrate sustainability into business operations and enhance supply chain efficiency tocontribute to a goal of net-zero carbon emissionsWhy SAP SAP Business AI and SAP AI Core infrastructure, integrating smoothly with SAP HANA Cloud andthe SAP Build Process Automation solution to help automate tax and financial processes User-friendly and consistent interface enabled by the SAP Fiori user experience (SAP Fiori UX)After: Value-driven results Automated tax computation from customer line items, posting of journal entries for sales andpurchase tax across company codes, and PDF invoice-generation for audit compliance Aided compliance, reduced regulatory risk, and expedited period-end closing Increased efficiency and supported sustainability goals, saving 120 working hours per day andenabling 24x7 invoice processing with a botAutomating intercompany tax and vendor invoice managementwith SAP Business AI95999nUS (25/03) © 2025 SAP SE or an SAP affiliate company. sap.com/terms-of-use
INTERNAL – SAP Only (delete if public)SAP Business AI has significantly improved our taxdepartment’s efficiency and productivity, enablingthe team to focus on more strategic tasks.Tatiana Cojocaru, Program Management—Project Manager,Suncor Energy Inc.24Hours of manual worksaved in month-end closing24x7Availability ofunattended botTo automate intercompany tax processes, Suncor Energy Inc. developed a hyper-automation solution based on a range of SAP software. This includes the SAP BuildProcess Automation solution, SAP Business AI, SAP HANA Cloud, and the SAP Fioriuser experience. Now, it takes mere minutes to compute tax from customer lineitems, post journal entries for sales and purchase tax across company codes, andgenerate PDF invoices for audit compliance.The company also transformed vendor invoice automation with a new solutioncombining SAP Build Process Automation, SAP Cloud Application ProgrammingModel, and SAP HANA Cloud. Based on SAP Business Technology Platform, thissolution significantly improves both existing business processes and invoice-recognition and posting rates.Suncor’s use of SAP Business AI exemplifies the power of cutting-edge technology totransform business operations. The project has delivered intelligent solutions thatnot only enhance efficiency and optimize processes but also foster sustainablegrowth.Optimizing tax and financial processes with AI-assistedenterprise automation