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Achieving Integrated Global Operations for an Energy Pioneer
PROJECT INFORMATION
The client is a Canadian-based, C$21 billion enterprise with 7,000 employees worldwide. Operating in diverse industries including gas, electricity, pipelines, liquids, energy, and construction, the client manages a broad portfolio of services critical to the energy and construction sectors. With ambitions to align global processes and achieve scalability, the client sought a transformative overhaul of their operations.
CHALLENGES
The client faced numerous operational inefficiencies and complexities that hindered their ability to achieve their strategic goals:
- Disparate Processes: Fragmented business processes across multiple lines of business and global business units.
- Outdated Systems: A highly customized and outdated technology landscape hampered efficiency and scalability.
- Financial Complexities: A disparate Chart of Accounts structure with multiple ledgers, complicating reporting and financial management.
- Inefficient Procurement: Lack of centralized procurement and projects control created inefficiencies in sourcing and spend processes.
- Manual Workflows: Heavy reliance on manual processes with limited self-service options for employees.
RESULTS & IMPACT
Drivestream implemented a global deployment of the Oracle Cloud Suite, delivering a scalable and integrated solution tailored to the client’s complex requirements. Key elements of the solution included:
- Shared Services Model: Established centralized sourcing, procurement, and projects control to improve operational efficiency.
- Standardized Financial Structure: Unified the Chart of Accounts and consolidated multiple ledgers into a global structure, simplifying reporting and improving financial oversight.
- Automated Processes: Replaced manual workflows with Employee Self-Service tools and an Employee Resource Center to streamline operations.
- Integrated Technology: Automated absence management using Kronos, seamlessly integrating Kronos Cloud with Oracle T&L and Absence Cloud modules.
- Innovative SCM Solutions: Developed SCM Transfer Order solutions to address interrelated product limitations and enhance supply chain efficiency.
- Creative Document Management: Devised solutions for generating customer-facing legal documents across multiple entities within the same business unit.
The Oracle Cloud implementation enabled the client to align with their shared services goals, rationalize business units, and adopt industry-leading best practices. By transitioning to a unified financial and operational model, the client achieved significant reductions in IT spend and Total Cost of Ownership.
The centralized sourcing and procurement processes streamlined operations, while the automation of manual workflows enhanced efficiency and employee satisfaction. The deployment also simplified asset depreciation strategies, improving regulatory reporting and asset maintenance capabilities. The project’s success is underscored by the seamless data conversion of over 1 million assets during a tight cutover window.
LOOKING FORWARD
The successful Oracle Cloud Suite deployment positions the client for sustainable growth and scalability across their global operations. With a foundation built on centralized processes and industry best practices, the client is poised to enhance customer service, reduce costs, and maintain operational excellence. This transformation serves as a model for other organizations in the energy and construction sectors seeking to modernize their operations.
Ready to transform your HR and Finance operations? Contact Drivestream to explore how Oracle Cloud solutions can optimize your organization.