The Impact of Hosted Software Solutions and Software as a Service Model on the Upstream ERP Systems Market
Venue: ChopHouse & Brewery
The availability of ubiquitous, high-capacity networks has made cloud computing a viable option for many enterprise applications – and oil and gas is no exception.
E&P companies are increasingly shifting from installing key software applications on-premise to having those applications hosted on their own hardware at an offsite location or hosted by the software vendor. At the same time, software vendors are moving from software license sales, often referred to as ‘perpetual licenses’, to an annual subscription payment model, or software-as-a-service.
These changes carry implications for software vendors, who must shift their offerings, sales approach and capabilities to deliver cloud-based solutions. Upstream ERP customers must also adjust their approach to managing applications and buying hosted ERP systems, while E&P IT professionals need to understand the full range of changes that flow from the cloud and subscription license model to avoid unpleasant cost surprises when buying hosted and subscription-model ERP systems.
So how do you navigate through a complex and rapidly shifting tech landscape? Join a select group of your peers for dinner to discuss how the various options stack up, the common problems and challenges faced when moving to hosted software and solutions, and how others in the E&P industry have already reduced costs and improved user experience in the ERP space.
6:00 – 6:30 pm – Welcome Reception & Cocktails
6:30 – 6:40 pm – Introduction from Master of Ceremonies
6:40 – 7:00 pm – Keynote Speaker
7:00 – 9:00 pm – Three-course dinner complemented with table discussion points
9:00 – 9:30 pm – Wrap up and closing remarks from Magnum Forge
- The status of the most popular software vendors as they migrate to hosted solutions and subscription models
- Common problems E&P companies experience as they move to hosted software and solutions
- Comparison of models to understand the cost differences between perpetual licenses and annual subscription models
- Best practices others have implemented to improve user satisfaction and reduce the costs associated with ERP solutions
Russell Corl, Managing Partner at Magnum Forge
Russell Corl, Magnum Forge’s Managing Partner, founded the company in 2008 to provide talented professionals with leading ERP implementation experience to the upstream energy middle market. His understanding of the upstream energy industry and clear vision of ERP solutions and related software applications are the cornerstones of the company’s success.
Russell began his career in consulting by leading several large-scale SAP site implementations with Accenture. Since then, he has gone on to focus on developing strategies to ensure the effective use of IT.
Russell’s clients include major international oil companies and independent E&P companies. His background includes an in-depth understanding of accounting and finance, operations, and technology. His specialties lie within IT engagements focused on troubled ERP systems, complex system implementations, and significant financial or cost-accounting reporting issues.
About Magnum Forge
We are a management consulting firm working exclusively with upstream energy companies. Our projects focus on the software applications used for the upstream accounting production areas of a company. We specialize in software selection, implementation, and upgrades. We also work with software exploitation and asset integration.
Our consultants possess a deep knowledge of the upstream oil and gas industry and the software that makes it run —it’s our only focus, and we take extreme care to ensure success in all projects.
We work with all upstream software solution providers, though we remain vendor-neutral to ensure our ability to recommend and deliver the best possible solution to drive our clients’ growth. Our professionals specialize in multiple software applications, including Enertia, Quorum, Waterfield, P2 (BOLO, Excalibur, P2 Land, Oracle EU, and Merrick Suite), OGsys, and Oildex.
We combine industry knowledge and technical expertise to align and enhance your software apps to help you streamline your business processes.
We’re not interested in being everything to all companies. Our focus is narrow, but our knowledge is deep. At Magnum Forge, we take pride in helping our clients get the most from their software.