You deserve better: the future of Hydrocarbon Accounting

Just like every other part of your business, Hydrocarbon Accounting (HCA) is more efficient and produces better results when it is tailored to your requirements. However, with traditional systems like Energy Components these customisations present users with problems right from the start. Implementation requires a team of developers and technology experts, and these same highly skilled individuals are required every time a change is needed, or the software requires an upgrade. When you have to ask Accenture to do the upgrade for you then you know you’re in trouble! This type of customisation means that you have lost the benefits of a product: there’s no clear separation between the core software and your solution.

This is not simply a problem with production reporting and hydrocarbon accounting. It is a pattern repeated across the oil and gas sector. There is a pressing need to build modern platforms that can deliver real economies of scale rather than the lumbering, complex one-off solutions of the past.

None of these problems exist when you use subscription-based, cloud-native solutions. You don’t have to spend money on hardware or infrastructure, or on database administrators and IT teams. Installation is quick and easy and upgrades are included as part of your annual subscription. This keeps you and your colleagues around the world on the same and best version of the software. Use of open standards ensures better access to better data, improving reporting and the ability for you and your team to make better business decisions.


Power in the hands of the business users

Hydrocarbon accounting and production reporting should, to the maximum extent possible, be managed by the business. We think of hydrocarbon accounting as a service, rather than as a piece of software, and we think about the tools you need to get the job done. We do this using the cloud to help you free up finances and resources in a way that traditional systems cannot. Paying for hydrocarbon accounting as a service offers greater value and frees up your team to focus on what they should be doing.

Cloud-native applications, like EnergySys, use multi-tenancy and shared infrastructure to offer savings that cannot be made with standalone systems, with complete security of data. Feature development occurs more quickly and is delivered to all customers at the same time.

As EnergySys is delivered in the browser, the entire solution has to be configurable in the browser. In fact, it’s possible for a business user to set up and manage their system with only a few days of training. And when it comes to reporting, use of open data standards means that tools like Excel and PowerBI can be used to generate dashboards and ad-hoc reports quickly and easily.

[Energy Components is a trademark of Tieto AS]

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Find out why oil and gas companies across the world are using the revolutionary EnergySys Cloud Platform for production allocation and reporting.