At KScope13, a.k.a. the Oracle developers user group, held last month in New Orleans, three presentations centered on oil and gas financial applications. Peloton Group’s Marc Hadd presented work performed for Superior Energy where Oracle Essbase, Hyperion financial management (HFM) and business intelligence enterprise edition (OBIEE) have been deployed to ‘provide easier access and a unified view of general ledger financial data supporting the operational reporting and corporate accounting close process.’
Oracle Platinum Partner Perficient presented work done for Carrizo Oil and Gas where an Oracle enterprise performance management reporting solution has been implemented. Working with the CFO, Perficient reviewed Carrizo’s financial and reporting needs and decided to implement HFM, Essbase and a data quality management process to restructure the monthly close. This now provides lease operating statements for gross and net dollar amounts, and reporting based on general ledger and production dates. More from KScope13.
This article originally appeared in Oil IT Journal 2013 Issue # 7.
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