Efficient and effective hydrocarbon allocation and production reporting can mean the difference between profit and loss, between growth and stagnation. However, there is a chronic lack of focus and consideration given to the tools that can help position your company to take advantage of a dynamic oil and gas market.
Many still opt for traditional hydrocarbon accounting (HCA) systems that are so often associated with expense, inefficiency, long delays and work-arounds. However, an increasing number of companies have learnt how much better HCA can be with the EnergySys Cloud Platform.
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The cost of legacy hydrocarbon accounting and production reporting systems is not simply about the prohibitive costs of procurement, deployment and upgrades. It’s also about the opportunity cost incurred by the inability to respond in an agile fashion to changes in the business.
A traditional software solution like Energy Components can be breath-takingly expensive and take an age to implement. Changing it is often hard, requiring highly specialised skills, and just doing an upgrade can be surprisingly costly. Indeed, having to pay someone both for the upgraded software, and for implementing it, is evidence of a broken process. When you buy Office 365, you don’t have to pay Microsoft to upgrade you ever time they make a new software release: it just happens.
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