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TIDEWATER

Case Study:
Migrating to SAP
Business Planning and
Consolidation (BPC)

Digitizing Operations Amidst shifting Oil
Industry Tides

Cash-flow Positive in Industry Awash in Red Ink

Location

Houston, TX

Products/Services

Owns and operates OSVs
(Offshore Support Vessels)

Industry

Oil and Gas

Employees

600

Location

Houston, TX

Products/Services

Owns and operates OSVs
(Offshore Support Vessels)

Industry

Oil and Gas

Employees

600

Featured Solutions and Services:

SAP Business Planning and Consolidation
(BPC, SAP BW/4HANA)

The oil and gas industry has been among the hardest hit in recent years due to economic cycles, pricing volatility and other factors – and the emergence of a global pandemic didn’t help. Tidewater, founded in 1955 as the industry’s first Offshore Support Vessel (OSV) company, however, embarked on a diligent strategic plan over the past couple of years to increase efficiency, realign costs and “high grade” their fleet of approximately 200 vessels. They are now the only cash-positive company in their industry as a result of remarkable strides in digitizing operations with a single source of end-to-end truth.

Before:

Challenges and Opportunities

Case StudyMigrating to BPC 11

Why SAP and VantagePoint

After:

Value-Driven Results

75

Estimated annual savings associated with SAP software relative to integrating major acquisition in 2019

5

Financial closing cycles reduced from 30 to 5 days each month, with data refreshes every 30 minutes

Customer Testimonials

“We’re all-in with SAP to ensure strong level of consistency and attention to detail across our enterprise. Our ability to become cash-positive in such trying times for the industry speaks volumes about SAP’s everyday value.”

LEE JOHNSON

VP and Chief Information Officer, Tidewater

Customer Testimonials

“We’re all-in with SAP to ensure strong level of consistency and attention to detail across our enterprise. Our ability to become cash-positive in such trying times for the industry speaks volumes about SAP’s everyday value.”

LEE JOHNSON

VP and Chief Information Officer, Tidewater

Drive value through efficiency and accurate cost control.

We can help you find the right solution for your business needs.

Our Work

Sucess Stories

PROCESS MANUFACTURING (Planning & Consolidation)
Business Growth – Needed to define common planning and reporting processes to eliminate region silos and thereby optimize global sales, pricing, transfer pricing, and operations
CONSUMER PRODUCTS GOODS (Planning & Consolidation)
Business Growth – Needed to define a centralized process for planning that incorporated the sales plan with production capabilities to better manage margin.
RETAIL (Planning & Consolidation)
Known for their trend setting ballet flats and forward thinking designs, this retailer is a fashion industry success story. Experiencing incredible success on the runway and in global markets, this company turned to SAP Business Planning and Consolidation (BPC) on HANA to provide a scalable financial planning, consolidation and reporting solution.
MANUFACTURING (Upgrade)
Upgrading SAP BPC to the HANA platform: Cintas run SAP ERP on HANA and needed to upgrade their SAP BPC 7.5 for financial consolidation and reporting from Microsoft SQL Server to the SAP HANA platform
ENERGY (Business Modeling)
Merger and Acquisition: ETP needed to manage multiple cultures, process, systems, and general ledgers from a series of merges and acquisitions, and generate meaningful budgets and forecast for company reports
MANUFACTURING (Planning on HANA)
Business Growth – expansion of manufacturing sites required enhanced planning, and potential acquisitions would require confidence in consolidation and reporting