SAP S/4HANA Cloud, oil and gas upstream contracts management
This cloud solution provides full visibility into operator overhead reimbursements and capital and operating expenses, while helping improve relationships with joint venture partners.
Overview
Enhance compliance and risk management
Use this solution to improve compliance and risk management by capturing detailed joint venture data in real time.
Boost auditability and consistency
Consistently process transactions using defined business rules to improve the compliance, auditability, and file generation for auditors of joint-venture partners.
Reduce effort by expediting financial closing
Close the books faster by streamlining cash call and billing processes. Increase visibility into joint-venture and partner billing costs, helping finance teams lower expenses.
Details
Solution type
Business Essentials
Compatibility
Works with
- SAP S/4HANA Cloud Private Edition
- SAP S/4HANA Cloud Public Edition
Software prerequisite
Features
Joint venture data management
Capture all joint venture data, calculate partner shares for venture expenses, and distribute billable and non-billable costs to different cost centers and projects.
Accurate accounting management
Maintain accurate accounting records and calculate partner expenses and distributions according to ownership agreements.
Flexible cash call mechanism
Issue cash calls to partners at multiple levels with various triggers for invoice determination Use cost recovery indicators to route billable and non-billable costs to the proper cost centers and projects for faster invoicing.
