ARMONK, N.Y. and CALGARY, Alberta, Nov
25, 2019 /PRNewswire/ -- IBM (NYSE: IBM) today announced
that Cenovus Energy Inc., a leading Canadian integrated oil and gas
company, has turned to IBM Services to help modernize its business
processes and advance its overall digital transformation. IBM
Services will implement a new
SAP® platform to help Cenovus
integrate and streamline processes aimed to improve operational
efficiency within the organization.
Since its establishment as an independent operator in 2009,
Cenovus, which employs approximately 3,000 people, continues to
grow and develop assets across its oil sands projects in
Alberta, natural gas and oil
production in Alberta and
British Columbia and two U.S
refineries where the company has 50 percent ownership. The company
purchased most of ConocoPhillips' Western Canadian operations in
2017 which required implementation of standalone back office
systems. To support future growth, Cenovus recognized a need
to update its Enterprise Resource Planning (ERP) environment, and
IBM Services will work with Cenovus to implement SAP
S/4HANA®, SAP
Ariba®, SAP
BW/4HANA®, SAP Business Panning and
Consolidation 11, and SAP
Fieldglass® software.
SAP S/4HANA will aim to simplify, standardize, centralize and
automate Cenovus's major business processes, providing a foundation
for applying innovations and technologies like AI. The SAP
S/4HANA platform will also help provide the flexibility to
integrate new operations as Cenovus expands its business.
IBM Services will help Cenovus digitally transform its
operations and standardize processes with the implementation of a
new SAP S/4 HANA ERP system,
providing a centralized view of real-time information across
various departments that will aim to improve decision-making and
further their position as the industry leading oil sands operator.
IBM Services will utilize advanced implementation methods and
automation tools, including pre-configured IBM Industry Impact
Solutions, to design, build and configure SAP applications to
support the company's major back office business processes and help
accelerate the adoption of the SAP S/4HANA suite of
applications.
In addition to implementing the new SAP platform, IBM Services
will provide talent and engagement resources to guide Cenovus
through the digital change process, helping put in place training
for the new systems and new ways of working to drive leadership and
cultural change throughout the organization.
"Digital transformation and modernization are imperative to our
business strategy," said Charity
Elder, ERP Program Director, Cenovus Energy. "In
working with IBM Services to implement SAP S/4HANA, we are looking
forward to leveraging their accelerators and templates to drive
alignment to best practice and process standardization, placing us
in a better position with business capabilities, operational
efficiency and technology."
"As we enter the next chapter of digital reinvention, the oil
and gas industry is primed for transformation, with companies
turning to new platforms that will maximize the value of their
assets, lower operating costs and continue to improve on
their sustainable operations. By deploying a new, modern,
end-to-end SAP S/4HANA-based platform, Cenovus seeks to unlock
operational insights and innovate faster to better respond to
market changes and growth opportunities" said Ross Manning, Vice President, Partner, Canadian
Energy Industry, IBM. "By leveraging acceleration methods and
automated, templatized tools, IBM Services can help Cenovus with
their business transformation journey with SAP S/4HANA."
The contract was signed in third quarter 2019.
About IBM
For more information about IBM Services,
visit https://www.ibm.com/services.
For more information about IBM's SAP services, visit
https://www.ibm.com/services/sap
About Cenovus Energy
Cenovus Energy Inc. is a Canadian
integrated oil and natural gas company. It is committed to
maximizing value by responsibly developing its assets in a safe,
innovative and efficient way. Operations include oil sands projects
in northern Alberta, which use
specialized methods to drill and pump the oil to the surface, and
established natural gas and oil production in Alberta and British
Columbia. The company also has 50% ownership in two U.S.
refineries. Cenovus shares trade under the symbol CVE, and are
listed on the Toronto and
New York stock exchanges. For more
information, visit cenovus.com.
Media Contacts:
Marisa Conway
IBM Media Relations
conwaym@us.ibm.com
Lorraine Baldwin
IBM Media Relations – Canada
lorraine@ca.ibm.com
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SOURCE IBM