Pacific Drilling’s foresight for an up-front financial solution prevents the costly nightmare of multiple Excel financial spreadsheets
“As Pacific Drilling moves from set up to full scale operations, we have a solid solution in place to easily budget, plan, forecast, and quickly respond to changes in the market.”
Paul Reese, Vice President and Controller, Pacific Drilling
CHALLENGES AND OPPORTUNITIES
- A very unique business that has both traditional office locations around the world AND “moving warehouse”, drillships that can move from location to location over time
- Complex payroll planning requirements that include planning for onshore and offshore employees, as well as for local (national) employees and employees from other countries (ex patriots)
OBJECTIVES
- Build a solution that provides a foundation for the current business structure, as well as the flexibility to grow and expand as new drillships are moved into production
IMPLEMENTATION HIGHLIGHTS
- Hybrid personnel model that calculates personnel expenses by each employee for the onshore locations and position for the offshore (drillship) locations
- Offshore model also provides for complexity in determining appropriate Entity in which to record planned expenses
WHY AKILI/SAP
- Pacific Drilling made a strategic decision to use SAP’s solutions when they started, and BusinessObjects Planning and Consolidations was a natural fit to support their Budgeting, Planning, and Consolidations requirements
- Akili’s Energy industry client references and numerous BPC implementations created a natural fit
BENEFITS
- Positioned to have a rolling monthly process with future potential for Business Intelligence and Dash boarding features
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