Implementation of SAP Master Data Management and data governance enabled a single version of truth, maximizing process effectiveness and efficiency
Client Background
Client: Leading Oil and Gas Company
Area of operations: Worldwide
Products: Petroleum, petrochemicals
Revenue: Over US $200 billion
The Challenge
Due to large-scale operations, and mergers and acquisitions, the Oil and Gas (O&G) company did not have a consolidated view of its master data entities across the enterprise. This had resulted in multiple processes and systems; often leading to duplicate master data. The client also had inefficient spend analytics with poor visibility into spend data. The legacy system and process lacked aggregation capabilities, leading to longer cycle times to setup master data and low visibility of data, leading to financial and legal issues.
Solution
Wipro implemented Central Data Maintenance and Governance solution using SAP Master Data Management (MDM) platform to overcome the challenges faced by the client. This enabled the O&G company to maintain a single version of truth (data consistency) at any point in time.
The solution components included:
Business impact
The implementation of SAP MDM resulted in the elimination of data redundancy, and centralized maintenance and governance of master data across multiple data domains such as customers, vendors, materials, and price books (contracts).
“Any MDM program this massive in scale requires right tools, skills, and experience. Wipro team helped the client stay competitive in today’s complex business landscape and make quick decisions with timely analysis based on trusted data.”
Sushil Tikare, Account Director – Oil & Gas Industry Practice, Wipro