HOUSTON - (Business Wire) P2 Energy Solutions announced today that Houston based Swift Energy Company has implemented its Enterprise Upstream software and Oracle
’s eBusiness Suite as its integrated asset management and Enterprise Resource Planning (ERP) platform.
Enterprise Upstream is a Web-based business management software suite designed for independent oil and gas producers that integrates seamlessly with the Oracle eBusiness Suite. Swift Energy has installed and implemented a preconfigured software framework called the “Oil & Gas Business Footprint,” designed by P2 Energy Solutions. The footprint delivers industry best practice processes based on years of implementation experience by P2 Energy Solutions consultants. It shortens time-to-benefit and lowers upfront costs associated with typical ERP software implementations.
With plans for future growth, Swift Energy required a system designed to increase user efficiency and build a foundation for additional process improvements and further application integration.
The go-live stage, steady state was achieved in mid 2007 and the successful closing of the 2007 financial books and records occurred in early 2008. During the implementation, previously used systems requiring bridging and manual controls were integrated using Enterprise Upstream and Oracle Financials. This had a considerable impact on cross-departmental and cross-field office usage – the biggest work flow change being the accommodation of an automated purchasing application.
“In planning for anticipated future growth and success, Swift Energy realized they needed a scalable, enterprise-wide system that not only met today’s needs but was also able to handle predicted growth. Based on a very extensive and diligent evaluation process, Swift Energy selected the P2 Energy Solutions and Oracle ERP solution,” said Alton Heckaman, Swift Energy’s chief financial officer. “We are very pleased with the implementation and look forward to the benefits that this new system has and will continue to create for our organization. In P2 Energy Solutions we feel we’ve found the right strategic partner to meet both our initial criteria and future growth plans.”
Tarig Anani, president, P2 Energy Solutions commented, “The implementation of Enterprise Upstream software and Oracle’s eBusiness Suite allows Swift Energy to improve workflow efficiency, further enhance the integrity of their data and establish a solid foundation for ongoing improvements and application integration. Whether Swift Energy chooses to grow organically or through acquisitions, P2 Energy Solutions will be there to support them.”
George Telford, senior vice president of consulting for P2 Energy Solutions said, “Our Oil & Gas Business Footprint drastically reduces the time and risk associated with large systems implementations; and brings the cost of ERP down to the point where it is a very viable option for a mid-market producer. The project team is able to move quickly through the design and configuration tasks and focus on the business process and knowledge transfer to the client. At the same time, P2 Energy Solutions possesses the expertise and staff to allow a company’s individual needs to also be met.”
About P2 Energy Solutions Inc.
P2 Energy Solutions focuses on the development and support of data, software and enterprise services to meet the information and business process needs of the energy industry. P2 Energy Solutions is the oil and gas industry’s most comprehensive source of asset management solutions including Entelligent, Enterprise Upstream, Excalibur, Qbyte, Enterprise Land, Reserves Management, Tobin GIS Studio™ and Tobin SuperBase™. With solutions deployed at more than 500 companies worldwide, P2 Energy Solutions enables clients to achieve greater productivity while maintaining effective controls.
The company has an 80-year history of serving the oil and gas industry and understands its workflow processes. P2 Energy Solutions has the breadth and depth of expertise to meet the expanding financial, operational and data management needs of energy companies from private independents to supermajors. More information can be found at www.p2es.com.
P2 Energy Solutions, Houston
Director of Marketing
Eric Flynn, 713-481-2000
eflynn@p2es.com
