Client Case Study

Energy and Chemicals Advisory Company

Attains Financial and Human Capital Management carve-out prior to parent company buy-out.

Energy advisory

Financial Transformation

  • Industry

    Energy, gas, refining and chemical leadership and consultancy

  • Employees

    200

  • HQ

    London, United Kingdom

  • Website

    www.qubix.com

  • Product & Services used

    Oracle Fusion ERP, Oracle Fusion HCM, Qubix Journey to Cloud, Qubix data masking methodology

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Energy and Chemicals Advisory Company separates itself from its parent company to enable independent growth using Oracle Fusion ERP and HCM.

 

Our client is the leading advisor to the energy, refining, and chemical industries. Their clientele ranges from major oil and chemical companies, governments, investors, and financial institutions to regulators, development agencies, and law firms. Using a combination of business and technical expertise, with a deep and broad understanding of markets, technologies and economics, they provide solutions that their clients have relied upon for over 50 years.

Our client's parent company, an internationally recognized software, consulting and services leader that provides innovative solutions to utilities, energy enterprises, chemical companies and government entities worldwide, elected to separate from its non-US entities.  For finance and human resources functions, they are globally using Oracle Fusion ERP and Oracle Fusion HCM.

Our client aspired to achieve a quick and clean separation, and they singled out Qubix from a down selection of several potential partners based on their agility, expertise and partnership attitude. We were engaged in late 2020 to provide advice and guidance on the optimal action plan for ensuring the business continuity of the ERP solution.

"When we were approached by the client in 2020, we were delighted to work with an organization that matches our ethics around environmental issues. This added an extra enjoyment and desire to succeed for such an important organization and their beliefs. Another project delivered successfully by the ERP and HCM team here at Qubix HQ."

Headshot - Richard Pepper

Richard Pepper
Head of ERP

 

Timing and delivery of the carve-out were crucial and had to take place early in 2021. Alongside delivery, there was a critical need to ensure that data across entities was not visible, as this would have invalidated the business case and delayed the project. We used a specialized rapid carve-out and deployment approach to achieve these strategic objectives within our Q.Vate methodology.

Only three months following go-live, our client and its parent company were formally separated. Our flexibility enabled the client to continue its journey of growth without incurring risks or disruption to the business.

This engagement leveraged Qubix's Journey to Cloud methodology to achieve their finance transformation objectives - a best practice approach that combines our deep industry and technical expertise to design, implement and manage your migration to the cloud.

 

Challenges

The client was unsure of its future with Oracle Fusion since it strategically operated almost entirely out of the Microsoft product suite and favoured Dynamics 365. The challenges they faced were:

  • Imminent carve-out from the parent company
  • Continuing operations in a recently challenging market
  • Maintaining a chart of accounts that would work within multiple regions
  • Masking data to comply with European and US legislation
  • Facilitating successful migration of sufficient and cleansed data to function outside of their parent company from day one

Solution

Results

  • Eliminated the need of switching to alternative ERP tools allowed for a seamless cutover that left users with no interruption in services during the transition
  • Carved out ahead of time for the parent company buy-out
  • Released a quicker and smoother month-end close process
  • Boosted the use of their HCM estate to harmonize their business processes better and provide an improved user experience

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Why did they choose Qubix?

" With their agile approach to delivery and outstanding partnership attitude, Qubix assisted us in smooth and painless transition to independence. Their excellent working relationship with vendors and profound understanding of ERP solutions proved critical for successful delivery in very limited time frame. "

IT Director

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