Progressive TSL has successfully upgraded Dana Petroleum’s existing accounting system, enabling the Aberdeen-based exploration & production firm to reap the benefits of the latest version of Infor SunSystems.

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

Tim Truesdale, Infor SunSystems product director, said: “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.”

Chris Walcot, CEO of Progressive TSL, added: “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.”

Digital Energy Virtual Summit

Progressive TSL will be exhibiting at DIGIT’s upcoming Digital Energy Summit on 22nd April.

Please visit their booth to find out more about their industry specific technology solutions for Finance, Asset Management and Supply Chain.