Oil and Gas Industry

With over 600 oil and gas sites worldwide in 190 countries, SunSystems has unique features that make it particularly well-suited to this industry. As an example, Shell Gas (LPG), one of the world’s leading liquefied petroleum gas (LPG) suppliers with operations in around 60 countries, selected SunSystems to support its financial operations worldwide. Some 750 users in 44 countries around the world at Shell Gas (LPG) use the real-time, multi-currency, multi-language finance, and reporting software.

Examples of Customers

Value Proposition for the Oil and Gas Industry

Over 600 oil and gas sites around the World picked SunSystems for the following reasons:

• Reporting by analysis dimensions with up to 10 ledger dimensions. These analysis dimensions can be configured during the implementation to fit your requirements, and provide powerful analysis capabilities for analyzing financial results by different dimensions. Examples include:
  • Field
  • Block
  • AFE
  • Cost Centre
  • Department
  • Location
  • Project
• Multi-currency
  • True multi-currency functionality at the transaction level
  • Up to 4 different currency values plus one statistical value (for metrics, e.g. quantities, hours) per transaction. Other systems typically only have two, the Base Currency and the Transaction Currency.
  • Ledger revaluation function simplifies the translation of foreign currencies at the period end date and meets GAAP requirements
  • Monthly or daily conversion rates in any currency
• Multi-lingual
  • Over 30 different languages
  • Single installation can support multiple languages on the same local area network
• Global reach
  • Implementation and local support around the world
• Low risk
  • Oil and Gas expertise
  • Scaleable to meet growth
  • Platform independent
• Low total cost of ownership
  • Rapid implementation
  • Proven project implementation methodology
• Supports different charts of accounts
  • Meet Head Office requirements
  • Meet local statutory reporting with country-specific charts of accounts that can be mapped to the Head Office chart of accounts for consolidation purposes
• Joint Venture reporting
• Allocation of costs to projects
• Multiple Business Units
  • Each business unit can have its own chart of accounts, base currency and analysis dimensions to support local requirements
• Integration to third-party systems
  • SunSystems has several tools available to integrate to third-party systems. These range from an automated system that imports data into SunSystems at pre-set time intervals, for example over night, to a simple manual method of importing data into SunSystems. These methods are shown below: