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White Star Petroleum Produces Real Returns from S/4

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White Star Petroleum Produces Real Returns from S/4 by Hugh Forque and Rick Pollot of White Star

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White Star Petroleum Produces Real Returns from S/4

  1. 1. White Star Petroleum Producing Real Returns from S/4 June 5-7, 2018 Orange Country Convention Center | Orlando, Florida Ricky Pollot Chief Accounting Officer White Star Petroleum Hugh Forque Vice President & North America Energy Leader Capgemini
  2. 2. What We’ll Cover:  White Star Overview  Why SAP?  Project Timeline  Scope  Keys to Implementation Success  Value Realization  Questions
  3. 3. White Star Petroleum: Producing Real Returns from S/4 3© 2018 Capgemini. All rights reserved.May 2018White Star Petroleum: Producing Real Returns from S/4 3© 2018 Capgemini. All rights reserved.May 2018 White Star Petroleum Overview  Upstream oil and gas company headquartered in Oklahoma City  Employ approximately 190 people  Private equity backed  Interests in approximately 1,000 wells; 650 operated  Operations entirely onshore U.S.  First U.S. oil and gas company to go live on S/4HANA 1610  Successfully implemented on time and on budget in 4 ½ months using Capgemini’s READYUpstream template
  4. 4. White Star Petroleum: Producing Real Returns from S/4 4© 2018 Capgemini. All rights reserved.May 2018 44© 2018 Capgemini. All rights reserved. Why SAP? Due to planned growth and transition to a public company, we initiated a review of our legacy ERP solution, as well as options available in the market place Main factors considered:  IPO Readiness  Risk Reduction  Technology Maturity  Peer Landscape  Cost of Ownership SAP’s S/4HANA ranked favorably to our legacy system in nearly all factors evaluated
  5. 5. White Star Petroleum: Producing Real Returns from S/4 5© 2018 Capgemini. All rights reserved.May 2018 5 Project Timeline Data Assessment March April May June July August September October Data Migration (ETL) Data Project Kickoff Project Prep READYUpstream Project Kickoff Blueprint Realization System Validation Final Prep System Validation Go-live & On-Site Post Go-Live SupportConversions Testing Training “Go-Live”
  6. 6. White Star Petroleum: Producing Real Returns from S/4 6© 2018 Capgemini. All rights reserved.May 2018 6White Star Petroleum: Producing Real Returns from S/4 May 2018 1Scope Production Management:  Maintenance of Production Master  Production Volume Allocations  Regulatory Reporting Capgemini’s S/4 Template for Upstream Adopted and deployed at 15 E&P Companies 2 3 4 5 Revenue Accounting  Revenue Valuation  Owner Disbursements  Ownership  Contracts  Revenue Cash Receipts  Tax & Royalty Reporting Financial Accounting  General Ledger  Accounts Payable & Receivable  Asset Accounting Cost Accounting and Reporting  Cost Centers  Projects/AFEs  Cost Allocations  Lease Operating Costs Joint Venture Accounting  Joint Operating Agreements  Joint Interest Billing  Overhead Calculation
  7. 7. White Star Petroleum: Producing Real Returns from S/4 7© 2018 Capgemini. All rights reserved.May 2018 77© 2018 Capgemini. All rights reserved. Keys to Implementation Success White Star successfully went live on S/4 in September 2017 on time and on budget  Formation of Executive Committee consisting of White Star, Capgemini and SAP leadership meeting regularly to discuss project status, remaining milestones, issues and risks, and next steps to success  Engaging Capgemini to perform the Extract-Transform- Load (ETL)  Adhering to Capgemini’s READYUpstream template approach with alterations only when a compelling business advantage could be demonstrated  Maintaining sufficient post go-live support to ensure successful transition  Design and configuration of the account and cost center structure with focus on ability to generate desired reporting and analytics
  8. 8. White Star Petroleum: Producing Real Returns from S/4 8© 2018 Capgemini. All rights reserved.May 2018 88© 2018 Capgemini. All rights reserved. Preliminary Benefits of S/4 Access to Tier 1 software functionality and scalability at reasonable cost  Consistency of READYUpstream template configuration with existing business process  No significant changes in existing business process necessary  Implemented “out of the box”; no customizations necessary Stability of software  Software simply works; consistent results  No in-house IT support; 100% outsourced functional and technical support Simplified data model and embedded analytics  Universal journal dramatically reduces number of tables and simplifies data extraction  Predefined CDS views enhance ability of end users to extract data without IT assistance
  9. 9. White Star Petroleum: Producing Real Returns from S/4 9© 2018 Capgemini. All rights reserved.May 2018 Tangible Returns - 9 months Later Monthly Financial Reporting Package – enhanced monthly financial reporting built using Analysis for Office and pre- defined CDS views embedded in S/4 Visibility Lease Operating Statement – “click of button” insight into the profitability of our wells with drill down capability to invoice images Integration Authorization for Expenditure (AFE) Report – combined AFE amounts, field estimates and actuals on a single report via integration with 3rd party applications also with drill down capability to invoice images Agility
  10. 10. 10White Star Petroleum: Producing Real Returns from S/4 10© 2018 Capgemini. All rights reserved.May 2018 Connect with us Ricky Pollot ricky.pollot@wstr.com +1 (405) 252-5809 Hugh Forque Hugh.forque@capgemini.com +1 (713) 298-5383
  11. 11. White Star Petroleum: Producing Real Returns from S/4 11© 2018 Capgemini. All rights reserved.May 2018 A global leader in consulting, technology services and digital transformation, Capgemini is at the forefront of innovation to address the entire breadth of clients’ opportunities in the evolving world of cloud, digital and platforms. Building on its strong 50-year heritage and deep industry-specific expertise, Capgemini enables organizations to realize their business ambitions through an array of services from strategy to operations. Capgemini is driven by the conviction that the business value of technology comes from and through people. It is a multicultural company of 200,000 team members in over 40 countries. The Group reported 2017 global revenues of EUR 12.8 billion. About Capgemini Learn more about us at www.capgemini.com This message contains information that may be privileged or confidential and is the property of the Capgemini Group. Copyright © 2018 Capgemini. All rights reserved.

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