Archive for August 28, 2009

BP Taps Tata, Accenture, Infosys for Transformational IT Program

Tata Consultancy Services (TCS), , an IT services, consulting, business solutions and outsourcing firm based in Mumbai, India, has been selected as a strategic IT vendor by BP, one of the world’s largest oil and gas companies with operations in more than 100 countries.

            Over the last 12 months BP has undertaken a program to consolidate its IT vendors for application development and application maintenance (ADAM) using a rigorous selection process that assessed TCS on capability to deliver innovation, leverage Oil and Gas sector knowledge and reduce cost through a global network delivery model. TCS met these criteria and demonstrated its ability to support BP’s agenda of simplification, standardization and corporate efficiency.

            Dana Deasy, BP Group CIO, said: “I’ve been very pleased with the quality of TCS’ proposal and to have selected them as one of our strategic ADAM vendors. In awarding TCS our refining, manufacturing and corporate IT maintenance work we look to benefit from their knowledge of the Oil and Gas sector. Additionally, we see opportunities for TCS to help us deliver IT solutions to enable our upstream and trading businesses. This contract will help BP to reduce complexity, standardize processes and lower our overall cost base.”

            “The engagement with BP underscores our ability to help global corporations become more competitive in the current economic scenario by reducing complexity through optimization of their IT landscape and focus on delivering value through continuous innovation in services,” said N. Chandrasekaran, Chief Operating Officer and Executive Director, TCS. “Our selection as a strategic IT vendor for BP demonstrates our strong domain expertise and highlights the investments we have been making in the technology-led energy sector.”

            TCS’ Energy Vertical serves international and national energy companies across the industry’s value chain. It also works with oilfield service companies on solutions that help increase the production and reliability of upstream operations.

            Separately, BP announced it has also awarded Accenture a contract to provide information technology application development services. Terms of the contract were not disclosed. Accenture will help BP simplify, standardize and consolidate its IT software applications to meet BP’s goals of achieving efficiency throughout the organization and to manage IT costs. Under the agreement, Accenture will be BP’s strategic service provider for its SAP development work.

            Said Deasy: “In awarding Accenture our SAP development work we look forward to taking advantage of their extensive SAP know-how and leveraging their deep understanding of the Oil and Gas industry. This contract will help BP to accelerate the implementation of SAP across the organization and lower our overall cost base.”

            John Downie, senior executive with Accenture’s Energy industry group, said: “We are delighted that BP has selected Accenture as its strategic service provider for SAP development work. Our relationship with BP spans more than 20 years; we look forward to helping BP to further leverage its IT investments, increase operational performance and gain efficiencies.”

            In yet another announcement about its ADAM program, BP revealed that Infosys Technologies will manage and operate a large portion of its business systems under the terms of a five-year applications outsourcing and support agreement.

            Kris Gopalakrishnan, CEO and Managing Director of Infosys Technologies, said: “Infosys has a longstanding relationship with BP, delivering consulting and technology services. We are well positioned to use our global sourcing expertise and transformational capabilities in the oil and gas domain to deliver significant improvement in operational efficiencies to BP as a part of this new agreement.”


August 28, 2009 at 4:11 am 1 comment

Quorum Licenses Upstream Suite to New Client

Houston-based Quorum Business Solutions Inc., provider of business and information technology solutions for the oil, gas and renewable energy industries, announced an agreement to license its full upstream suite of applications to an undisclosed company. The company will leverage Quorum Upstream Suite to manage its upstream accounting operations and commercial activities, including land management, capital budget tracking, production accounting, revenue accounting and financials (AP, AR, GL).

            “There is a tremendous amount of data that must be processed and maintained in the upstream oil and gas business. Centralizing this in an ERP system enables companies to more efficiently manage their operations,” said Perry Turbes, CCO of Quorum. “Quorum Upstream Suite is a fully scalable set of applications that includes operations accounting and land management functionality, which enables E&P companies to improve business processes using automated workflows resulting in better, faster, more accurate transactions.”

            The Quorum Upstream Suite is a set of comprehensive operations and accounting applications for the E&P industry. The suite includes functionality to manage:

  • Authorization for Expenditure,
  • Capital Budget Tracking,
  • Equipment Inventory Management & Accounting,
  • Financial Accounting,
  • Fixed Assets & Depreciation Accounting,
  • Joint Interest Billing,
  • Gas Marketing,
  • Land Management, and
  • GIS.

Additionally, the suite is fully integrated with business intelligence and ad-hoc query and reporting tools.

            The newly signed license agreement consists of Quorum Production Revenue Accounting, Quorum ERP and Quorum Land Suite. Quorum Production Revenue Accounting forecasts supply volumes to meet marketing needs as well as owner and contract allocations for actual volumes, and also includes contracts, division order, valuation, revenue distribution, check disbursement and regulatory / tax reporting. Quorum ERP allows for the planning of how business resources are accounted and utilized throughout an organization and consists of capital budget tracking, financial accounting, authorization for expenditure, joint interest billing, fixed assets and contract management. Quorum Land Suite streamlines complicated land management processes, such as managing payments, terms and obligations of leases, surface use agreements, contracts, and fee property and easement land data.

August 28, 2009 at 4:08 am Leave a comment

WellPoint Systems Releases WellPoint Intelligent Dashboard

WellPoint Systems announced the release of the WellPoint Intelligent Dashboard, which gives users easy, central access to critical industry and company data. It places powerful analytical reports and key performance indicators (KPI’s) directly into the hands of executives and operations personnel who need to measure financial, lease and production activity and performance accurately.

            “The Dashboard is a very important addition to the WellPoint line of products,” said Richard Slack, President and CEO of WellPoint. “Research has shown that companies actively using dashboards are achieving higher performance than their peers, and adding this feature to our product offering highlights our ongoing commitment to providing solutions that help our customers run their businesses better.”

            The Dashboard uses SQL Reporting Services and cube technology to aggregate data and measurements from WellPoint’s software as well as third-party applications. The system utilizes WellPoint’s data and a standard SQL Datastore to produce Business Intelligence objects.

            Customers can easily connect to their data in the WellPoint systems and any other SQL compliant system, allowing them to create intelligent dashboards, providing analysis and insightful reports in just a few clicks.

August 28, 2009 at 4:04 am Leave a comment

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