September 5, 2023
10+ years of experience in ERP services
50+ completed projects of different scales across various industries
Hands-on expertise in delivering out-of-the-box, custom, and hybrid ERP solutions
An Odoo Silver Partner
ERP functionality entirely depends on a company’s specific needs and goals. However, here are some common features that we enable within ERP solutions for our clients in the oil and gas sector.
Maximize asset lifetime and performance across the entire asset lifecycle, prevent costly downtime, maintain regulatory compliance, and drive asset acquisition, operations and maintenance costs down.
Track project progress and manage human, physical and financial resources to deliver projects on time and minimize project cost overruns.
Accelerate exploration and production management to deliver products of high quality, correct quantity, at the right time and in the most cost-efficient way.
Keep track of production processes and get alerted of malfunctions and quality issues to handle them as soon as possible, minimizing defects and wastage as well as potential hazards to employees and the environment.
Maintain high market responsiveness, minimize supplier risks, and make smarter sourcing and procurement decisions all while maintaining high sustainability.
Control the company’s finances to make cost-effective decisions, accurately predict revenue and expenses, reduce operating costs, and identify saving opportunities.
Identify and predict the likelihood of negative outcomes, eliminate or reduce unacceptable levels of risk, and minimize costly and time-consuming mistakes.
ERP system integration allows oil and gas businesses to get a 360-degree, real-time view of business processes. Itransition uses custom and third-party integration solutions to help our clients synchronize data across their IT infrastructure.
Integration of sales, marketing and customer service data into ERP helps oil and gas companies make smarter operational decisions and improve relationships with customers (more accurate quoting, lead times and shipment dates, dynamic pricing).
Integrated data from IoT field devices helps oil and gas organizations have round-the-clock visibility into operational activities, run real-time analysis, and effectively streamline drilling, production and equipment maintenance.
The CMMS integration with ERP contributes to streamlined equipment maintenance, purchase order creation, labor planning and scheduling.
The HRM system integration streamlines demand-driven resource allocation and scheduling and helps automate employee performance management and payroll.
The ERP-EDI integration facilitates the secure exchange of electronic documents (purchase orders, invoices, shipping schedules) between petroleum-related trading partners and streamlines order fulfillment.
BI integration ensures employees get visibility into operational processes and facilitate fact-driven decision-making relying on tailored KPI dashboards, on-demand analytics capabilities, and interactive reporting.
Integration with business communication software enables streamlined information sharing and synchronization, making interdepartmental communication easier and more efficient.
Tailored ERP platforms provide instant access to relevant business data for any authorized party, helping them manage core business processes more effectively.
ERP implementation facilitates the automation of manual activities like production scheduling, inventory monitoring, invoicing, report generation, considerably reducing operational costs.
An ERP system enables budget transparency for oil and gas companies, allowing them to manage key business processes, analyze overhead and optimize expenses, maintain compliance with legal requirements, and avoid costly penalties.
ERP gives control over project schedules, resources and costs and helps recognize project risks well in advance to devise contingency plans and ensure project execution without delays.
Promoting business process standardization and visibility, ERP software helps oil and gas companies achieve their sustainability goals and maintain compliance with multiple health, safety and environmental regulations, laws, guidelines, and specifications.
We help oil and gas organizations choose the best enterprise resource planning technology for their project needs and implement it within the required time and budget. The scope of our advisory services may include some or all of the following activities:
The introduction of a new technology like ERP requires redefining business processes, designing new roles and responsibilities, and key stakeholder and employee training.
Modern enterprise resource planning platforms should have mobile data and business process management capabilities to keep users informed on the go and foster collaboration across locations and time zones.
To streamline ERP integration with internal and external solutions and enable overall solution scalability, ERP systems should offer well-documented APIs, pre-built connectors, and standard interface protocols.
The ability to pair the ERP platform with artificial intelligence and machine learning can facilitate faster business operations, automate time-consuming manual tasks, and minimize human intervention.
Learn how Itransition’s dedicated team delivered risk management software support for a Dutch provider with 5K+ enterprise clients globally.
Find out how Itransition delivered a Jira-based incident management system for an oil and gas company.
Read the case study of Itransition's team delivering a BPM solution based on multiple customized Odoo modules for a Canadian car service provider.