IT Intelligence Bulletin (HG Insights) — SAP is expanding its collaboration with Accenture in the oil and gas industry by co-developing an SAP S/4HANA Cloud solution designed to help oil and gas companies significantly cut operational costs and create new revenue opportunities.

In an environment of volatile oil prices, sustained bottom-line pressure, and changing energy portfolios, upstream oil and gas operators are increasingly looking to innovate and simplify operations with standard processes and automation.

The new SAP S/4HANA Cloud solution for oil and gas companies is a portfolio of intelligent cloud services that set new industry standards with more transparency into operations and cash flow through cutting-edge technologies including artificial intelligence (AI), mobility and blockchain. The solution is available via both public and private cloud.

This report continues after the following message from HG Insights:

HG Insights – Sourcing Intelligence Redefined

HG Insights provides deep sourcing intelligence and diagnostic tools on and for the IT industry, analyzing the sector’s supply and purchasing activities to identify points of significant business value for enterprise companies and the vendors that serve them.

If you would like to gain unique account-level intelligence on the partnership between SAP and Accenture, or identify opportunities across the wider IT market – Contact us now.

“SAP and Accenture are committed to helping oil and gas companies gain better visibility into their operations and transform into intelligent enterprises,” said Benjamin Beberness, global vice president, Industry Business Unit Oil and Gas at SAP. “We expect that this new solution will help oil and gas companies maintain high standards and cut costs with the flexibility and agility that comes with a cloud deployment.”

“The oil and gas industry has traditionally been a leader in deploying intelligent technologies,” said Jan van den Bremen, senior managing director and global technology officer for the Accenture Resources operating group, which serves the chemicals, oil and gas, natural resources and utilities industries.

“Working with SAP and a consortium of industry leaders, we are co-innovating on this new solution and harnessing the flexibility of SAP S/4HANA Cloud to add agility and scale to operational processes, from finance to asset management to field logistics, helping companies transform into intelligent, digital enterprises.”

Send HG Insights your news

Have you got IT news you would like the HG Insights news team to cover? Maybe you have the inside track on a major IT news story or have heard something significant or of interest to the global IT sector. We value all contributions.

Email all press releases / information to News@HGInsights.com and one of our journalists will get back to you.