Capgemini Announces READYUpstream Solution Availability on SAP HANA
FREMONT, CA: Capgemini, a provider of consulting, technology and outsourcing services, announces the availability of READYUpstream solution – a cloud based version for upstream exploration and production (E&P) companies and its availability on SAP HANA platform for on-premises and cloud-based deployments.
READYUpstream leverages SAP technologies and pre-configured industry templates to streamline business processes, increase efficiency and achieve higher levels of system integration. It helps to integrate and streamline field operations, finance and capital management processes into a single, integrated, process-centric platform. This platform available on the cloud, enables users with a single view of critical financial and operational data to help effectively manage operations, quickly identify non-profitable assets, and capitalize on assets that provide higher profit margins.
READYUpstream is widely used in finance, accounting and operations solutions designed specifically for the needs of E&P firms. To achieve higher levels of data and process integration, many oil & gas companies and E&P firms depend on the READYUpstream.
READYUpstream covers all areas of upstream oil and gas accounting including production management, revenue accounting, division order, tax and regulatory reporting, financial accounting, joint venture accounting, authorization for expenditures, cost accounting and reporting, and asset management. This solution has various benefits such as increased agility to better respond to market opportunities, reduced time and resources required for implementation, a scalable platform for growth, lower overall cost of operations, better profitability and performance management.
"The additional ability to leverage READYUpstream in the cloud combined with the global scale and breadth of Capgemini provides firms the agility to execute their growth initiatives on a scalable platform supported by a team of experienced professionals around the world. By provisioning READYUpstream from the cloud, there are limited up-front investments and the solution can grow with these rapidly expanding companies," says Carlos Martinez, vice president, Upstream Oil & Gas Leader, Capgemini North America Application Services.
Capgemini acquired Strategic Systems and Products (SSP), a provider of solutions for upstream oil & gas industry which includes a READYUpstream solution. Since the acquisition, Capgemini is expanding the READYUpstream platform by adding up to 100 additional READYUpstream consultants to include future functionalities for upstream analytics, mobile solutions and integration with field data.
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