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Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
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 oil offshore companies


Songa Offshore Selects IFS
Songa Offshore, an International midwater drilling contractor active in the North Atlantic basin, has chosen to deploy IFS Applications for Offshore Service

oil offshore companies  management, and financials. IFS’ oil and gas industry solution also features support for replication and document management.   With more than 400 customers in the project and asset-oriented market, IFS is a leading provider of business software to large and midsize companies within the oil and gas industry. For more than 20 years, IFS has worked closely with engineering, procurement, construction and installation (EPCI) contractors, drilling contractors, system/equipment suppliers, and asset/plant

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

ERP for the Oil and Gas Industry (Upstream)

The model of ERP systems for the upstream oil and gas sector addresses the particularly specialized business model of this industry. It is common practice for companies, individuals, and government agencies to form partnerships to explore, develop, and share production of oil wells. More often than not, this is a short-term alliance rather than a long-term partnership, and business structuring must therefore be flexible at initial set-up and throughout the lifespan of the venture. This model of ERP systems includes criteria for financials, human resources, production data capture and reporting, maintenance management, and supply chain management (SCM) functionality. 

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Oil and gas companies—whether upstream, downstream, or mid-stream—face a wide range of industry-specific challenges, including new and evolving government regulations for air and water quality, and the need to better forecast prices in a highly volatile market (with fluctuating demand as well as fluctuating prices). There is also a shift in industry focus, from oil field exploration to exploitation, which raises issues related to “brown” (or mature) fields and sustainability.

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Megasol Technologies KB has its headquarters, and programming and training divisions in Uppsala, Sweden, and a branch in the Cayman Islands. Megasol is a producer of multiple-currency software for private and offshore banks, trusts, companies and funds, and for small to medium businesses engaged in sales and distribution, and accounting and book-keeping practices.

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Achieving Business Intelligence in Midsize Companies


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