Client Success Story

Leading Oil Producer Seamlessly Optimizes Operations for a Modern Era with Dynamics 365 and EnergyCONNECT™

Industry: Energy

Solution: Microsoft Dynamics 365 + MCA Connect’s EnergyCONNECT™

Introduction

Based in Calgary, Alberta, one leading North American oil producer is dedicated to developing oil-rich areas in Saskatchewan and Alberta. To better prepare for the future, the company needed a modern, cloud-based solution for enterprise resource planning (ERP).

Challenge

The oil producer aimed to save money and future-proof business in the challenging oil and gas industry. However, their on-prem legacy software for joint venture accounting was costly, outdated, and unable to adapt to future changes.

Costly and inflexible billing model

In 2020, plunging oil prices forced the producer to cut production to keep the business running smoothly. While their software partner Qbyte increased costs during production spikes, it offered no savings when production dipped. This inflexible billing model hindered the oil producer’s ability to manage costs and adapt to market fluctuations.

Outdated legacy software

Legacy software created data silos, obstructing a seamless flow of information across various business functions. The outdated system limited scalability while growing technical debt restricted the ability to adapt and innovate.

To cut costs, improve efficiency, and better prepare for the future, the oil producer decided to implement a modern, cloud-based solution for enterprise resource planning (ERP).

Solution

The oil producer explored several Qbyte replacement options, including Oracle, W Energy, Quorum, and their own suite of applications. After completing a business case and cost-benefit analysis, the producer chose Dynamics 365 Finance and Supply Chain Management alongside MCA Connect’s EnergyCONNECT™ IP solution for expense and account management.

Built on Dynamics 365, EnergyCONNECT™ simplifies joint venture accounting for oil and gas companies by managing divisions of interest and tracking financials for each owner. EnergyCONNECT™ also streamlines cost control for oil and gas companies by ensuring clear communication and pre-drilling expense approvals, plus large order spend management.

With hundreds of extensions, integrations, and support options, EnergyCONNECT ensures companies keep all of the oil and gas functionality they need to succeed.

Results

By implementing Dynamics 365 Finance and Supply Chain Management and EnergyCONNECT™, the oil producer:

Transitioned to a modern solution with full functionality
Many oil and gas companies worry they’ll lose critical features if they switch to an ERP system. However, the oil producer seamlessly transitioned to Dynamics 365 without sacrificing functionality, thanks to EnergyCONNECT’s comprehensive extensions, integrations, and support. In fact, they were able to absorb an entire acquisition and still implement the new solution on time and with no additional headcount.
Improved financial efficiency
Dynamics 365’s stable billing model ensures financial efficiency, even during market fluctuations. As a result, the oil producer is better able to better predict expenses and maintain business stability.
Established a modern foundation for growth and innovation
Dynamics 365 and EnergyCONNECT enabled the producer to establish a modern foundation for growth and effectively pursue digital transformation. They can now reduce risks and improve efficiency with a robust, scalable solution that will only get more efficient over time. The company is also eager to explore new tools like Microsoft Copilot.

“Whenever we had a problem, MCA Connect analyzed the issue and then designed and implemented a bullet-proof solution within days. I’ve been doing this job for 20 years and I’ve never seen a company react that quickly.”

– Company Executive

What’s next?

The oil producer is currently focused on maximizing the benefits of their new system. Looking forward, the company plans to broadly apply Dynamics 365 across different parts of the organization and explore new ways to enhance operational capabilities.

The producer will also collaborate with MCA Connect to drive further innovations in EnergyCONNECT™ and ensure the solution meets the evolving needs of the oil and gas industry.

Through strategic technology adoption and partnership with Microsoft and MCA Connect, they are well-positioned for a future of innovation, efficiency, and sustained growth.

About MCA Connect

Through passion and deep industry expertise, MCA Connect® helps companies succeed by unlocking innovation with actionable business insights. Our strategic solution and industry intelligence help manufacturers gain visibility, improve profitability, and achieve a competitive edge. Contact us today to learn how we can help solve your biggest industry challenges.