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Financial Management Solutions for Oil & Gas



Mine information to fuel business insights

Today’s oil and gas executive can’t control external factors such as supply-demand imbalances, unpredictable prices and fluctuating reserves. But you can impact internal ones — and improve performance, streamline financial processes, and understand the cash and profit impact of market fluctuations, capital investments and labor costs.


CCH Tagetik Cloud for Oil & Gas can help. This collaborative corporate performance management offering makes it easy for oil and gas companies to measure, model, monitor and manage financial performance and take action to execute their business strategies

Tagetik Cloud for Oil & Gas
Tagetik Cloud for Oil & Gas

Benefits


Gain insights

Gain insights into project planning parameters such as work in progress, invested capital and cash flow

Get immediate impact analysis

Get immediate impact analysis on the P&L for currency fluctuations and 
exchange rates

Maximize market value

Maximize market value, streamline business processes, and reduce operating costs by managing capital investments

Sharpen your view

Sharpen your view into the dynamic business variables that impact the oil and gas industry

Generate accurate business forecasts

Generate accurate business forecasts based on demand, production, capacity, cost per barrel (BOE), and cost per million cubic feet 

Improve profitability

Improve profitability by business division and department using different cost allocation methods

CCH Tagetik's unified performance management software solution for the Oil & Gas industry delivers

Strategic Planning & Forecasting
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Strategic Planning & Forecasting

With CCH Tagetik's unified budgeting, planning, forecasting and modeling solution, strategic planning is simple. A single source of automated financials aligns business plans with operational budgets and eliminates manual data entry. Effortlessly generate periodic and rolling forecasts and expedite the annual budgeting process.

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Capital Planning
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Capital Planning

Align finance with operations and standardize the capital plan and budget. Manage data from multiple dimensions (cost centers, distribution, suppliers, shipping, pipeline, etc.) and assess the impact of business drivers (volume, density, average prices, transfer prices) on cash flow and profitability.

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Production & Capacity Planning
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Production & Capacity Planning

Understand resource requirements and capacity constraints that impact production, supply and meeting demand. Optimize the production mix by modeling operational drivers that impact sales, distribution and delivery to see the impact on margin, profitability and financial performance, including cash flow.

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Cash Flow Planning & Forecasting
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Cash Flow Planning & Forecasting

In order to make investments in production capacity, facilities and technology, you need to know how much cash is on hand. With CCH Tagetik, keep a finger to the pulse of your true cash position. Quickly assess the business impacts to cash flow plans as a result of fluctuations in capital, exchange or interest rates. With complete accounting intelligence, CCH Tagetik has double-entry logic and automates the cash in/cash out impact, down to the budget line item. 
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Cost Allocation & Profitability Analysis
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Cost Allocation & Profitability Analysis

Allocate direct and indirect costs to any level of detail to more accurately analyze profitability by refinery, project, region or channel. Use cost allocation methods to assess profitability by business division (drilling, refining) and department (marketing, finance).

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Seamless Close-to-Disclosure
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Seamless Close-to-Disclosure

Connect close, consolidation, reporting and disclosure in a single solution. Shave days off the time it takes to perform your monthly close with CCH Tagetik’s fast close. Confidently manage and control journals, adjustments, intercompany eliminations and reconciliation, then seamlessly produce disclosure reports using a single version of the truth. 
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Reporting & Analytics
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Reporting & Analytics

When you need analysis fast, CCH Tagetik’s reporting toolset includes ad hoc analytics, custom reports, drag-and-drop dashboards and interactive data visualization. Easy-to-use, packaged templates enable users from any department or technical skillset to contribute without burdening IT. 
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Regulatory Reporting & Compliance
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Regulatory Reporting & Compliance

Automate the creation of your statutory reports according to multi-GAAP (IAS, IFRS, US GAAP, local GAAPs) and more. Use local requirements but consolidate in a global regulatory language, without altering source information, like interest rates or currency. With financial intelligence and pre-packaged regulatory reporting, spend less time preparing reports and meet deadlines easily. 
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CCH Tagetik Software is trusted by leading companies in the Oil & Gas INDUSTRY


Gruppo API

Budgeting & Planning, Consolidation, Financial Close & Reporting

Read the Case Study

Centrex

Planning, Cash Flow Management, Consolidation, Reporting

Watch the Video

Doyon

Consolidation, Budgeting & Planning, BudgetBook/Reporting Book (on cloud)

Erg

Consolidation, Budgeting, Cash Flow, Reporting

RAG

Budgeting, Planning, Cash Flow (Integrated Business Planning), Consolidation

swire oilfield services

Consolidation, Budgeting & Planning

Testimonials

Customer Quotes

On Demand Webinar

The latest EPM trends and insights from Forrester

This thought-provoking and informative webinar you will learn how to weigh your needs across many different EPM criteria to better understand where to focus your attention on the criteria that matter most to your business.

Browse our Resources


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