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Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
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 gas financial


Not Small Change: World-class Financial Automation Delivers Dramatic Benefits
Automating finance processes@such as closing the books, reporting, and other labor-intensive processes@reduces finance costs. By streamlining financial

gas financial  in the oil and gas industry, has completely automated its accounts payable function, enabling it to process thousands of payments every month with just two full-time employees. The company also has automated its cash management function and performs reconciliations across its numerous banking relationships in just a few hours every day. This has enabled the company to reduce its bank fees, lower integration costs and generate greater returns on its cash positions. SAP is the world s leading provider of

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

ERP for the Oil and Gas Industry (Upstream)

The model of ERP systems for the upstream oil and gas sector addresses the particularly specialized business model of this industry. It is common practice for companies, individuals, and government agencies to form partnerships to explore, develop, and share production of oil wells. More often than not, this is a short-term alliance rather than a long-term partnership, and business structuring must therefore be flexible at initial set-up and throughout the lifespan of the venture. This model of ERP systems includes criteria for financials, human resources, production data capture and reporting, maintenance management, and supply chain management (SCM) functionality. 

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Looking for Oil and Gas ERP Software? Check Out TEC’s Newest Evaluation Center


TEC's research model of oil and gas ERP systems is now live. This means you can research and compare ERP solutions for the oil and gas industry at TEC's Oil and Gas Evaluation Center. Solutions include ERP systems from Microsoft, Oracle, and SAP, and many other vendors coming soon. We’ll keep you posted on some second-tier vendors offering exciting products that emulate first-tier solutions, but

gas financial  . • An oil and gas company’s financial framework defines how the joint interest components are structured and organized. It defines the interfaces with the company’s internal accounting system, as well as transfer details and external report structures for partner companies. • Costing and billing functionality defines how day-to-day accounting transactions are processed. It also includes joint operational functionality such as shared project planning tools, business intelligence, and Read More

SAP Industry Solutions for Mid-market Companies


For over a decade, SAP has offered industry-specific applications, starting with oil and gas and utilities solutions. Media, insurance, chemicals, banking, and public sector offerings have followed, highlighting SAP's lesser-known side as a market-oriented provider of industry-tailored solutions.

gas financial  with the oil and gas and the utilities industries (the original SAP industries). Other industries, such as media, insurance, chemicals, banking, and the public sectors have followed, highlighting SAP's lesser-known side as a market-oriented provider of industry-tailored solutions for midsized enterprises. For instance, SAP software has mapped standard business processes as well as particularly specific core banking processes in financial accounting since 1997, with solutions for other industries Read More

"Evergreen"-Environmental Regulations for High-tech and Electronics, Chemical, and Oil and Gas Industries


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gas financial  utilities and oil and gas brethren, must comply with the Kyoto Protocol, the Clean Air Act, the EU Integrated Pollution Prevention and Control (IPPC) Directive, and other regulations related to greenhouse gases and other emissions. Moreover, the process of applying and monitoring permits can be labor-intensive. This is because enterprises need to monitor and manage operations and emissions permits to comply with regulations, reduce greenhouse gases and other emissions, and ensure the ability to audit. On Read More

Case Study: NexTec Group Provides Successful Platform for MODEC International


Oil and gas industry leader MODEC was already using Microsoft Dynamics SL for core financial activities. But as the company faced rapid growth, it began to look at how the technology could be used to improve other vital business processes. Discover how MODEC worked with the NexTec Group to hone those processes, identify areas for improvement, and propose and direct the technology initiatives to effect the needed changes.

gas financial  MODEC International Oil and gas industry leader MODEC was already using Microsoft Dynamics SL for core financial activities. But as the company faced rapid growth, it began to look at how the technology could be used to improve other vital business processes. Discover how MODEC worked with the NexTec Group to hone those processes, identify areas for improvement, and propose and direct the technology initiatives to effect the needed changes. Read More

2011 Buyer's Guide to Accounting and Financial Software


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People or Resources: The Financial Sector in a Crossroads


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Checklist: Choosing the Right Financial Services Vendor


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IFS Applications (version 8.0) for ERP for the Oil and Gas Industry (Upstream) Certification Report


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gas financial  for the Oil and Gas Industry (Upstream) Certification Report IFS Applications (v. 8.0) is TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for oil and gas industry (upstream) in the ERP Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst Read More

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