How an Oil & Gas Giant Cut Financial Consolidation Time from 3 Weeks to 3 Days
Insights & Articles – Financial Data Integration
When financial reporting becomes a race against time
In the oil and gas industry, making timely, data-driven financial decisions is crucial to maintaining profitability in a volatile market.
Yet, for one multinational energy corporation, this was becoming nearly impossible.
With 83 subsidiaries across multiple regions, consolidating financials into a single corporate view was a slow, painful process. Each month, the finance teams relied on a manual, disconnected workflow involving SAP, Microsoft Excel, countless emails, and phone calls to gather financial reports.
"Every month felt like a race against time. We spent more time tracking down numbers than analyzing them."
– Finance Director, Oil & Gas Company
By the time financial reports were finalized, they were already outdated. The company needed real-time insights, but their existing process was holding them back.
As pressure mounts, manual reporting falls behind
With growing regulatory pressure and an increasing need for accurate, real-time financial reporting, the company could no longer afford a 3-week delay in consolidating numbers.
Each month, regional subsidiaries submitted financials in different formats, currencies, and reporting standards, leading to inconsistencies that had to be manually adjusted.
The lack of automation and integration between SAP and subsidiary data sources meant:
- Spreadsheets were riddled with errors, requiring extensive back-and-forth validation.
- Financial analysts were overwhelmed with manually reconciling transactions.
- Executives couldn’t make data-driven decisions fast enough, impacting budgeting and investment strategies.
It became clear – The company needed to integrate its financial reporting process and automate data flows to stay competitive.
From Manual Chaos to Real-Time Financial Insights
Rather than replacing SAP or investing in another stand-alone reporting system, the company focused on fixing what was broken – the lack of integration and automation.
Instead of drowning in spreadsheets, emails, and phone calls every month, the company partnered with Dixruptiv to create a fully automated financial consolidation workflow.
The solution wasn’t about replacing tools – it was about making them work together.
The first step was breaking down data silos. A new Enterprise Service Bus (ESB) architecture was introduced, connecting SAP with each of the 83 subsidiaries through REST APIs and web services.
Financial data could now flow seamlessly across the organization, eliminating the manual back-and-forth that once clogged the process.
Automation didn’t stop there. The BPM (Business Process Management) automation layer streamlined data validation, approvals, and report generation.
Instead of finance teams manually correcting mismatches and chasing approvals, the system automatically cross-checked subsidiary data with corporate financial standards.
Discrepancies were flagged in real-time, allowing teams to fix issues on the spot rather than days later.
Most importantly, decision-makers no longer had to wait weeks for consolidated financials.
By the time the last subsidiary submitted its reports, corporate leaders already had a near-final view of the company’s financial health.
"Instead of chasing spreadsheets and waiting weeks for numbers, we now have real-time visibility into our financials."
– CFO, Oil & Gas Company
From Waiting to Acting
The difference was staggering.
What once took over 21 days was now completed in just 2-3 days is a game-changer for a company that needed to act fast in a high-stakes industry. Instead of waiting until mid-month to get a clear financial picture, executives had near-real-time insights at their fingertips.
Accuracy improved dramatically as well.
Without the risk of human error from manual data transfers, the company saw a 40% reduction in financial discrepancies, significantly improving audit compliance. Finance teams, once buried in spreadsheets, were now focused on strategy, analyzing trends, forecasting growth, and making data-backed recommendations.
Beyond efficiency gains, the biggest transformation was in decision-making.
Executives were no longer reacting to outdated reports; they were making proactive decisions based on real-time data. Whether it was adjusting capital investments, managing cash flow, or identifying cost-saving opportunities, leadership could now act immediately rather than playing catch-up.
This newfound agility wasn’t just about convenience, it was about staying competitive in an industry where timing is everything.
"For the first time, we are truly proactive in financial decision-making. The system doesn’t just save time - it gives us the agility we need to compete."
– CEO, Oil & Gas Company
Why This Matters for Business Leaders
For executives in the oil and gas sector, financial insights must be timely, accurate, and actionable.
Every extra day spent on manual financial consolidation is a day lost in making strategic decisions. Delayed insights mean missed opportunities, reactive decision-making, and an inability to seize market advantages when they arise.
The transformation of this company’s financial workflow proves a simple truth – Speed and accuracy in financial reporting aren’t just operational goals – they’re strategic imperatives.
By eliminating redundant manual processes and integrating their financial ecosystem, this company is now positioned to adapt to market changes faster, optimize capital allocation, and drive sustainable growth.
Instead of struggling with disconnected workflows and outdated numbers, the company now operates with financial clarity, precision, and agility – leveraging technology to make faster, smarter decisions in a fast-changing industry.
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How Dixruptiv Can Help
At Dixruptiv, we turn complex, fragmented financial data into clarity, consistency, and actionable insight. Our financial consolidation expertise is designed to simplify reporting, enhance accuracy, and support corporate growth. The approach includes:
Unified Financial Data Integration
- We combine data from ledgers, subsidiaries, and business units into a single, harmonized financial system that eliminates redundancy and aligns disparate sources into one reliable foundation.
Accelerated Reporting & Insights
- Using advanced analytics and intuitive dashboards, we deliver clear visibility into key financial metrics - cash flow, intercompany activity, profit margins - so you can make strategic decisions quickly.
Ongoing Optimization & Support
- We stay engaged beyond implementation - monitoring performance, ensuring compliance, and fine-tuning systems to keep your consolidation process efficient and future-ready.
Streamline your financial close, gain trust in your numbers, and build financial clarity with Dixruptiv’s financial consolidation services.
Tell Us About Your Challenge
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Schedule a consultation today and see how Business Process Integration can transform your operations.
- Montreal, Canada
- contact@dixruptiv.com
- +1 (450) 619-2559
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