Infor partner Progressive TSL has successfully upgraded Dana Petroleum’s existing accounting system enabling the Aberdeen based exploration & production company to reap the benefits of the latest version of Infor SunSystems.
A new chapter with Progressive TSL
Prior to engaging Progressive as its new Infor support partner back in September 2020, Dana was already using the oil & gas industry’s leading financial management system, Infor SunSystems. It recognised that it was not using it to its full potential. Now that SunSystems 6.4 was available, it would be a good time to upgrade the existing system to capitalise on this functionally rich solution. Progressive TSL is an Infor Gold Channel Partner and is known as a specialist in SunSystems implementations and in the specific needs of the energy sector. Recognising this, Dana selected Progressive to guide it through this upgrade.
Standard Infor Reporting Application
A key driver for Dana in commencing this project was to replace a third-party reporting tool with the Infor Q&A reporting application. This app is provided as standard as part of the Infor SunSystems 6.4 solution.
Upgrade & configuration underpinned by Progressive’s oil & gas implementation framework
Based on the recommendations of Progressive’s systems review, Progressive TSL commenced the Infor SunSystems upgrade at Dana Petroleum during Q4 2020. Progressive used its oil & gas implementation framework to configure the system to meet the specific needs of the industry.
Lockdown Go-Live – on time and on budget
Due to COVID-19 travel restrictions, the Progressive and Dana teams could not meet in person during this project. However, this has not delayed or unduly hampered the project. Progressive’s Aberdeen and London based oil & gas consultants have worked remotely with the Dana team to deliver the new system on time and on budget. Training workshops were run using Microsoft Teams with Dana now up and running and starting to reap the benefits of its new system.
Dana’s new SunSystems 6.4 Financial Management solution together with Q&A offers:
- A future-proofed solution
- Standardised reporting
- Flexible drill-down features to analyse key financial data
- Compatibility with Microsoft 365® 64 bit
“Infor SunSystems has been serving the accounting needs of the global oil industry for more than 25 years. It is ideally suited to this industry due to its strong analytic and multi-currency capabilities, its openness to integrating with industry-specific extensions, and its ability to operate anywhere — in what can be challenging locations. In the oil industry, parties often need to have new operations or joint ventures up and running in just a few months and may then wind them down just a few years later. Speed is critical. The ability to get SunSystems up and running rapidly is therefore a massive advantage for joint venture accounting typical in the international oil industry.”
Tim Truesdale, Product Director, Infor SunSystems
“I am very proud of our experienced oil & gas team at Progressive TSL. They have adapted their working practices, working remotely with the team at Dana Petroleum to successfully implement a financial management and reporting solution that will support Dana for many years to come.”
Chris Walcot, CEO of Progressive TSL
About Dana Petroleum Limited
Dana Petroleum Limited is an Aberdeen-headquartered exploration and production company. Dana has operations, assets and interests in the UK, the Netherlands and Egypt and produces around 57,000 barrels of oil equivalent per day. Dana is a wholly-owned subsidiary of the Korea National Oil Corporation.
About Progressive TSL
Progressive TSL is a business consultancy specialising in the implementation and support of finance, supply chain and asset management solutions for asset-intensive industries (including energy, mining & extraction, and engineering services) across the globe. It has held Gold Channel Accredited Infor Partner Status (SunSystems, Infor EAM and Infor OS) since 2014.
Infor is a global leader in business cloud software specialized by industry. Providing mission-critical enterprise applications to 67,000 customers in more than 175 countries, Infor software is designed to deliver more value and less risk, with more sustainable operational advantages. We empower our 17,000 employees to leverage their deep industry expertise and use data-driven insights to create, learn and adapt quickly to solve emerging business and industry challenges. Infor is committed to providing our customers with modern tools to transform their business and accelerate their own path to innovation.
Chris Walcot, CEO, Progressive TSL
Telephone +44 20 3696 8290
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