Achieving agility through one version of the truth
Clark knew that to truly satisfy investors, the company needed to deliver more E&P information, more quickly. However, financial reporting in its current SAP environment suffered from a lack of integration, lengthy overnight batch loads and on-line queries and tedious report reconciliations. Marathon Oil needed access to highly integrated data to adjust its portfolio and quickly understand the impact any changes would have on the bottom line.
In addition to upgrading existing ERP and reporting solutions, the transition to SAP HANA, with its ability to dramatically improve the speed and depth of analysis when working with large-scale volumes of data, would provide the needed transparency, granularity and user interface. Initially hesitant to be one of the first in the industry to deploy this platform, Marathon gained confidence when they decided to work with Deloitte. As a result, Clark and team understood the risks and rewards beforehand, so they could proceed with clear expectations.
Today, Marathon’s business and portfolio look very different. The company is achieving greater reporting clarity on an individual asset level, improved efficiency through standardised, real-time reports, and increased growth with an expanded inventory of resource plays in the United States. Together, Deloitte and SAP helped Marathon Oil create a reporting system that supports each arm and provides one version of the truth. Now, Marathon Oil can quickly respond to changes in a nimble E&P environment and share information with investors on a much more granular level.