ROI of Enterprise Cost Management at Mid-Sized Oil & Gas Company

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Summary

This case study shares how a mid-sized pipeline company in North America implemented PRISM for enterprise-wide cost management. They use PRISM over spreadsheet data entry to effectively manage budget cost, increase volume project capacity, and reduce time spent on month-end reporting and forecasting analysis. 

Challenges

  • Decentralized spreadsheets
  • Time consuming month-end reporting
  • Increasingly complex projects

Solution

Implement integrated project lifecycle management solution that:

  • Integrates with SAP, manages budget cost, and provides an accurate forecast in minutes
  • Reduces reliance on large spreadsheets
  • Improves data accuracy and monthly reporting processes
  • Prevents extra expense of hiring additional resources

Results

  • Trustworthy project controls data
  • Increased project volume capacity
  • Reduced time spent on month-end reporting and forecasting analysis