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.

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