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Independent oil exploration company upgrades key business systems and processes with the help of TouchstoneEnergy

Offshore Oil RigTouchstoneEnergy has been approached by a new client with operating assets in the North Sea, which has grown to a size where the business has needed to consider improving management controls, purchase approvals, daily cost tracking, JV cutback, reporting and other business processes.

In 2014 this client upgraded their accounting system from Sage Accounts to SunSystems, the accounting and finance system from INFOR that is widely used by many mid-cap Oil & Gas companies. It was decided that TouchstoneEnergy should review all financial controls and business processes with an objective of making sweeping changes across the business.

This involved a complete review, analysis, and overhaul of all business processes with detailed benefits and potential cost savings.

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