Cognos solutions for oil and gas

Five of the top seven global oil and gas companies use IBM Cognos software to gain visibility into their business, manage assets and drive performance. A major global oil company saved an estimated $140 million using IBM Cognos software to focus on customer profitability and retention.

Oil and gas organizations use IBM Cognos 8 Business Intelligence and IBM Cognos 8 Planning software and services to:

Drill the digital oil field

• Consolidate data from multiple oil and gas systems—production, reserves, accounting and well logs—into a single view of your operation based on common data definitions.
• Increase your ROI from ERP (such as SAP, and Oracle-PeopleSoft) and any platform (such as IBM and Microsoft).
• Identify trends, anomalies and opportunities, and model the effects of key business drivers, such as NYMEX prices, against various scenarios using IBM Cognos 8 Business Intelligence software.

Streamline and regulate financial processes

• Perform integrated operational and financial planning in real time for immediate visibility into resource requirements and future business results using IBM Cognos 8 Planning software.
• Automate workflow and aggregation by collecting volume and financial data from oil & gas source systems.
• Replace error-prone spreadsheets with a single, consistent version of corporate information.
• Structure your data and reporting processes to comply with Sarbanes Oxley and other regulatory compliance initiatives.

Manage the big crew change

• Understand the effect of 50 percent of the oil and gas workforce retiring in the next six years.
• Turn the challenge into a competitive advantage through effective succession planning.
• Get a view into key oil and gas workforce measures such as headcount and turnover, demographics, compensation and incentives, benefits and new talent recruitment using the IBM Cognos 8 Workforce Performance application.

Maximize supply chain efficiencies

• Monitor and analyze your supply chain with a view to controlling expenses going to labor, supplies, services and other areas across the chain.
• Identify and rein in rogue spending.
• Compare and benchmark oil and gas suppliers in terms of quality, delivery and price.