Performance Improvement

Last week I laid out that making businesses run better requires three essential elements: real-time analytics, improved workflows, and innovation.

It would be difficult to find a more anodyne goal than helping businesses run better. Isn’t running your business better what every consultancy promises?

As companies begin developing post-COVID business strategies, many are making decisions to move systems and processes to the cloud, digitize more, and create remote work environments.

Recently, our E&P client acquired assets and as part of that acquisition needed to migrate data from one system to another.

Since Digital Transformation is so broad, delving into how it can help companies requires the process to be broken down to its stages.

Let’s face it, there is still a great deal of uncertainty around reopening our economy. Yes, most restaurants are operating at 50% capacity, retail stores are mostly open, and life in Houston has moved back to some semblance of normalcy.

Many companies do not put ample emphasis on preparing and maintaining a meaningful streamlined short-term cash forecasting process and are blindsided by unexpected events, such as COVID 19, reduced oil prices and economic crises like we experienced in 2008. These events can literally turn your company upside down overnight.

Every company wants to be data driven. Not only because it sounds good but because data delivers great insights in all aspects of your business. That being said, the idea of how to get there is widely debated. Should you focus on building reports or deriving analytics?

Companies are in different phases of their Agile journey. Some are well versed in Agile, some are still studying Agile methodologies, some are venturing into an Agile transformation, some are broadly ‘going Agile,’ and for others, Agile is not something they are considering.

The COVID-19 public health crisis continues to deliver unprecedented disruption to businesses around the world. For some companies, the financial impact has been catastrophic.

As we begin to re-open businesses and re-shape goals and future needs for organizations, it’s the perfect time to focus on ways to think efficiently, streamline processes, and work smarter, not harder!

As we look forward to the rest of 2020, we expect that oil and gas company investment in digitalization and innovation will continue – despite low oil prices.

Streamline your tech transition whether it's system integration, cloud migration, or software upgrades with our expert guidance.

For oil and gas companies, managing cash and optimizing Order-to-Cash processes is crucial, especially now.

During challenging times, companies must carefully select decision-makers and implementers for critical initiatives.

A Roadmap to Restarting Business: Many process companies shut down regularly.  Auto assembly lines and oil refineries, for example, retool, and do maintenance and repairs during such periods of inactivity. They have elaborate plans and drilled protocols for shutdown and restart. But this time, things are different for everyone.