The oil and gas sector is a dynamic, ever-changing space with numerous components at play. Whether it’s managing upstream and downstream activities, maintaining compliance, mining, extracting or supervising operations, oil and gas ERP can help!

This article is your analyst-curated guide of the best ERP software for the oil and gas industry. Though not exhaustive, this roster includes each system’s best features and benefits. We also have must-have features, benefits and FAQs to heighten your practices.

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Best Oil and Gas ERP

Our analyst-picked list offers the five best oil and gas ERP solutions. We’ve used our analytical data to call out each solution’s best modules and unsupported functionalities for a clear, unbiased summary.

We hope you find a solution that best meets your company’s needs.

Oracle Fusion Cloud

This cloud-based oil and gas ERP offers tools to streamline finance, project management, analytics and more. It serves companies of all sizes.

Our data shows 87% of this solution’s modules have out-of-the-box support. Top modules include finance and accounting, HR management, CRM and project management.

An example of Oracle Fusion Cloud’s invoices module.

Highest Rated Modules According to Our Data

• Finance and Accounting — 100
• HR Management — 100
• Project Management — 100
• Analytics and Reporting — 99
• CRM — 99

Top Benefits

• Improve Branding: Personalize reports and dashboards with ideal data, logos, colors and more to increase branding strategies.
• Enhance Productivity: Accelerate report allocations, book closings and regulatory compliance statement deliveries with machine learning and AI tools so you can focus on other high-priority responsibilities.
• Make Better Choices: Gather data with high-end technology to monitor KPIs and make better business decisions.
• Save Time: Implement automatic reporting features to diminish manual time and errors so employees can focus on spend analyses, sourcing, supply optimizations and more.
• Find New Business Opportunities: Use the Internet of Things (IoT) to broaden customer experience, HR and ERP tools for improved solutions, growth opportunities and more for expedited and superior processes.

Primary Features

• Finance and Accounting: Develop budgets and include information for cost centers, fiscal years and more. Determine tangible asset depreciation or intangible asset amortization. Obtain multi-currency support for global locations and clients.
• HR Management: Create and centralize employee profiles with career accomplishments, certifications, skills and more. Allocate engagement surveys to workers to understand their feelings in real time and implement changes.
• Project Management: Merge internal and external collaboration with voice, file sharing and other tools. Perform task management for fused document annotations and job discussions to increase productivity and keep everyone on the same page.
• Analytics and Reporting: Develop, share or obtain warehouse management, standard, service, project and procurement reports. Conduct role-based reporting to personalize documents for specific positions. Enable sharing with permissible employees.
• CRM: Supervise status, profits, essential contacts, notes and other opportunities. Review all pipeline leads and prospects in one place. Obtain names, clients, sales representatives, expected closes and more.

Limitations

• Not compatible with Chrome browsers.
• Lacks multi-subsidiary vendor tools.
• Doesn’t support batch picking.

Features Not Fully Supported According to Our Data

• Multi-Subsidiary Vendors — Not Supported
• Installation Management — Not Supported
• Control Tower Dashboard — Supported with Partner Integrations
• Batch Picking — Not Supported
• Container Management — Not Supported

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SAP S/4HANA

This oil and gas ERP helps you maximize business operations, adhere to industry-specific needs and simplify decision-making. Our data says 84% of its features have out-of-the-box support.

Top modules include inventory management, finance and accounting, supply chain management and more.

A preview of SAP S/4HANA’s interface.

Highest Rated Modules According to Our Data

• Inventory Management — 100
• Procurement — 100
• Supply Chain Management — 100
• Analytics and Reporting — 99
• Finance and Accounting — 99

Top Benefits

• Boost Efficiency: Use automatic business procedures, data-driven decision making and other tools to increase company-wide productivity for more profits and higher customer satisfaction rates. Decrease human errors and save money and time.
• Increase Well-Informed Choices: Work with embedded analytics, digital assistants and more to pinpoint and expedite real-time business information assessments for more data-driven choices.
• Consolidate Information: Integrate data in one system with in-memory computing to avoid disparate operations. Govern large datasets to detect patterns and obstacles.
• Improve Company Structure: Work with industry-specific modules to better understand best practices and capabilities needed to redefine business models for more efficiency and revenue.
• Strengthen Adaptability: Obtain and use real-time profitability analysis, pricing and quotes, and other tools to find and determine the best change protocols and avoid surprises.

Primary Features

• Financial Management: Evaluate profit and loss with automatic reports, predictive analysis and merged company estimates. Maintain a centralized journal for all bookkeeping data and manage client credit scores.
• Procurement: Use real-time, in-depth purchase order, requisition, invoice and contract analyses for better insights. Obtain, allocate and review sourcing data points in one system while supporting instant ad manual filing simultaneously.
• Supply Chain Management: Manage business rules, raw material availability and distribution standards to increase accurate client delivery deadlines. Manage domestic and international freights and warehouse workflows.
• Inventory Management: Perform lot and serial number tracing to track items, costs, units and expiration dates. Construct or dismantle kits for stocking or ordering.
• Analytics and Reporting: Develop or find manufacturing, inventory management and other reports to document or audit tasks. Manage custom dashboards to meet your unique workflows.

Limitations

• Has long implementation cycles.
• Not all features have embedded analytics.
• Lacks a customer service portal.

Features Not Fully Supported According to Our Data

• Customer or Vendor Account Security — Not Supported
• Customer Self-Service Portal — Not Supported
• Upsell Management — Not Supported
• Call Center Management — Not Supported
• Installation Management — Not Supported

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Dynamics 365 ERP

Dynamics 365 ERP uses AI data to push business growth and boost performance. Share data across all company departments. This oil and gas ERP serves mid-sized companies and works on cloud and on-premise deployment.

Top modules include inventory management, finance and accounting, and CRM.

An example of Dynamics 365 ERP’s finance and accounting tools.

Highest Rated Modules According to Our Data

• Finance and Accounting — 100
• Inventory Management — 100
• Procurement — 100
• CRM — 99
• Project Management — 99

Top Benefits

• Consolidate Information: Merge this system with LinkedIn Sales Navigator for centralized workflows and data for better decision-making and relationship management.
• Simplify Operations: Access SharePoint, Outlook, Excel and mobile applications for improved workflows and more on-time deliveries. Perform augmented predictive forecasting to analyze trends and customer needs.
• Enhance Teamwork: Supervise coworker meetings, emails and client collaboration for improved teamwork and higher response rates.
• Improve Customer Satisfaction: Review how clients read emails to strengthen client selling points, boost response times and increase proactiveness for better satisfaction rates.
• Reinforce Security: Use fraud protection tools to safeguard the eCommerce market. Implement AI features for the system to learn from patterns and help you improve fraud controls to fight numerous cybersecurity threats.

Primary Features

• Finance and Accounting: Reconcile account balances with bank statements. Manage cash accounts, currencies, beginning balances, descriptions and more. Automate deferred revenue calculations and automatically add values to your financial files.
• Inventory Management: Change inventory levels on new or damaged products, marketing giveaways and shrinkages. Value stock items with stand, average, first-in-first-out (FIFO) and other methods.
• Procurement: Develop and allocate RFQs for one or more suppliers with qualities like document titles, delivery and expiration dates, time and more. Create automatic purchase orders according to inventory levels and replenishment formulas.
• CRM: Permit specific individuals and roles to examine and revise client or vendor account data and balances. Manage an online self-service portal to help consumers access account data, support cases and current updates.
• Project Management: Obtain and use project plan templates for what-if scenarios to simulate particular changes. Develop and delegate work breakdown schedules for several project types.

Limitations

• Can create asset QR or barcodes.
• Lacks BOM revision control functions.
• Has a laggy interface.

Features Not Fully Supported According to Our Data

• Generate Asset QR or Barcodes — Not Supported
• Linear Asset Management — Supported with Partner Integrations
• Job Nesting — Not Supported
• Recipe Management — Supported with Partner Integrations
• BOM Revision Control — Not Supported

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Kinetic

This oil and gas ERP (formerly Epicor ERP) merges production operations and sectors into a centralized hub for better efficiency. Kinetic is only available for on-premise deployment and works on Linux, Mac and Windows operating systems.

According to our data, 81% of this program’s functions have out-of-the-box support.

A preview of Kinetic’s job tracker tools.

Highest Rated Modules According to Our Data

• Analytics and Reporting — 100
• Procurement — 100
• Project Management — 100
• HR Management — 95
• Inventory Management — 92

Top Benefits

• Improve On-The-Go Accessibility: Work with AI tools to obtain real-time notifications on all mobile devices to ensure you never miss a beat. Manage profits, bills, invoices and other tools to maintain financial visibility.
• Consolidate Client Data: Supervise contacts, clients, leads and more on mobile devices for easy access from virtually anywhere. Govern regions, teams and proposal details in one interface to reduce physical travel to several worksites.
• Increase Visibility: Attain complete, high-priority supply chain visibility with advanced electronic data interchange (EDI) tools to avoid obstacles and accurately assess vendors. Review numerous work facility filters to rectify issues, examine progress and verify on-time deliveries.
• Perform Smoother Operations: Access a user-friendly interface with flexible navigation to execute efficient workflows.
• Modify for Industry Needs: Obtain and use numerous customizations to meet your company and industry needs instead of searching for additional add-on solutions for integrations.

Primary Features

• IoT: Forecast and reduce equipment and production downtime with IoT rule-based notifications. Analyze job scheduling against actual information, safety limit inventory regulations, resource management and more.
• Accounts Receivable: Superintend invoices, credit, cash and consumer requirements. Develop automatic invoices with order releases.
• Accounts Payable: Scrutinize incoming and outgoing cash capabilities, worker expenses, advances, supplier fees and client receipts.
• HR Management: Add rating scales, weightings, comment fields and custom content on employee review or appraisal forms to evaluate worker performance. Develop success plans and assess critical roles according to flight risk, promotion readiness, potential and other metrics.
• Analytics and Reporting: Access or build standard or custom reports and dashboards to meet your needs.

Limitations

• Has a clunky interface.
• Lacks linear asset management tools.
• Doesn’t support email campaign templates.

Features Not Fully Supported According to Our Data

• Generate Asset QR or Barcodes — Supported with Custom Development
• Linear Asset Management — Not Supported
• Campaign Email Templates — Not Supported
• SMS Scheduling and Analytics — Not Supported
• Control Batch Record — Not Supported

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NetSuite

This oil and gas ERP can consolidate and automate tasks to reduce errors and increase profits. Our data says 76% of this solution’s functionalities have out-of-the-box support. It serves all company sizes and offers on-premise and cloud deployment.

Top modules include project management, procurement, inventory and HR management.

An example of NetSuite’s interface.

Highest Rated Modules According to Our Data

• Project Management — 100
• Finance and Accounting — 99
• Inventory Management — 97
• Procurement — 92
• HR Management — 90

Top Benefits

• Increase Productivity Rates: Use equipped workflows to automate numerous company duties — i.e., more accurate financial management and omnichannel involvement — for increased efficiency.
• Gain Quicker Data Insights: Receive real-time data and develop customizable dashboards to detect patterns and problems quickly and make better choices. You also save time on filtering and sorting information.
• Boost Accessibility: Access this solution on any mobile device from virtually any location to receive real-time information, make quick decisions and perform tasks on the go instead of waiting to return to the office.
• Fuse Operations: Merge this system with CRM, eCommerce and other tools to consolidate workflows in one hub instead of navigating to other windows and tabs.
• Maintain Unique Business Needs: Manage customizations and flexibility to meet company and industry requirements to fit your practices best.

Primary Features

• Project Management: Recognize phase completions, material deliveries, work payment and other milestones. Use Gantt charts and project dashboards for effective scheduling protocols.
• Finance and Accounting: Blend multiple project expenses into one report or input fees on a project-by-project basis. Perform manual or automatic cost report tracking across numerous project submission and approval lifecycles. Use the general ledger to review all financial accounts and purchases for specified dates.
• Inventory Management: Organize returns as refurbished, resalable or unsalable and allocate merchandise across the value chain accordingly. Use capabilities like return item sorting and consolidation, synching back to original inventory, vendor or drop shipper and more.
• Procurement: Verify vendor bill details against associated purchase orders and item receipts. Automatically send bill discrepancies to assigned supervisors for examination and confirmation. Create purchase requests with statuses, names, requested dates and other purchase requisition form fields.
• HR Management: Input plan details into employee portals to supervise employee, dependent and beneficiary coverage. Automate the next open enrollment period across the entire business.

Limitations

• Lacks social media tools.
• Doesn’t offer appointment booking capabilities.
• Lacks call center management.

Features Not Fully Supported According to Our Data

• Asset Audits — Not Supported
• Asset Downtime Tracking — Not Supported
• Appointment Booking — Not Supported
• Call Center Management — Not Supported
• Automated Logistics Operations Capability — Not Supported

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How We Choose Products

Our team of writers and analysts at SelectHub is committed to giving you the best recommendations based on our data. To make our list, products had to meet two criteria:

1. Closely match the topic
2. Earn a top-5 analyst score in our selection platform

Our analyst scores are based on an in-depth research process using primary and secondary sources. This includes SelectHub Analyst Briefings, direct communication with vendors, and reviewing materials such as user reviews, product brochures, specification sheets, case studies, user manuals, and technical documentation.

Our platform’s Scoring Engine processes the research and computes the analyst score. The score also factors in platform settings such as industry and company size.

Learn more about our research methodology and editorial standards

Primary Benefits

This solution has numerous advantages to help and expedite your oil and gas needs.

Enhance Seamless Project Management

Maintain all local and global oil and gas operations for timely and on-budget completion. Use the right resources, manage and check off milestones, evaluate finances and keep in contact with clients as needed for faster on-time deliveries.

Upkeep multiple currencies and adhere to international laws and compliances when dealing with global worksites, jobs and clients. By following these and other rules, your company also avoids fines, lawsuits or immediate shutdowns.

Control Costs

Use oil and gas ERP with financial management tools to supervise labor and overhead costs. Seamlessly helps save money, eliminate data entry errors and provide real-time internal company updates.

Perform all bookkeeping tasks, including balancing general ledgers, reconciling bank accounts, supervising accounts payable and receivable and more for better visibility of your company’s financial status.

Increase Profitability

Automation streamlines recurring tasks, like sending invoices, reviewing BOMs, managing inventory levels and more, so you can work on high-priority administrative and client work to increase productivity and revenue.

Effective project management and customer satisfaction tools also ensure revenue. You can understand clients’ needs and break down projects into malleable steps for better deadline management and more on-time deliveries.

Gain In-Depth Reporting

Perform in-depth reporting with practical business intelligence (BI) tools to monitor oil and gas supply and demand, global politics, economic standing and more to adapt forecasting and make better-informed decisions amid sudden changes.

Manage your supply chain ROI, numerous KPI sets, real-time eCommerce analyses, distribution statuses and more via mobile devices with diverse BI tool types.

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Key Features

Oil and gas ERP solutions have unique capabilities to streamline operations. However, here are some must-have features to include when browsing different solutions.

Browse our free, in-depth requirements template for numerous capabilities, comparisons and more.

Asset Management

Asset management and EAM tools help you supervise and ensure physical resources reach their peak performance during production time.

Some EAM requirements include work orders, inventory management, vehicle maintenance, asset lifecycle management, reporting, BI and more.

Quality Management

Quality management helps you ensure high-quality products and processes and adhere to industry-related and regulatory standards. Some compliances include the FDA, ISO and more.

An enterprise quality management software (EQMS) can also help you manage quality and adhere to regulations. This system’s top features include corrective and preventive action (CAPA), audit and training management, and more.

Accounting and Financials

Use accounting software to streamline bookkeeping activities, increase accuracy and maintain financials.

Some requirements include asset and budget management, project accounting, revenue and billing, expense, banking, estimate and invoice management and more.

You can even implement accounting automation with AI tools to reduce fraud, reinforce company policies, perform paperless audits and more.

Inventory Management

Inventory management tools allow you to closely supervise raw materials across numerous facilities.

Use RFID tags, serial numbers, barcodes and more to pinpoint and find your stock items in real time. Mobility options allow you to monitor and access this module from any device to maintain stock in numerous locations.

Other proper requirements include purchasing, shipping, reporting and analytics, just-in-time (JIT), dropshipping, demand forecasting and more.

BI/Reporting

Utilize BI and enterprise reporting systems to manage numerous company and performance-related KPIs, like profits and losses, retained customer numbers, market share percentages, average conversion times, qualified leads per month and more.

Managing diverse report types is an essential enterprise reporting requirement to display specific data and detect patterns. Conduct data preparations to demonstrate in-depth profiles showcasing relationships, anomalies, errors, trends and more.

BI comes with numerous benefits to make the most of your data. You can perform drilled-down data mining, boost operational productivity, reduce guesswork, define benchmarks and push for more data-driven choices.

Supply Chain Management

Supply chain management tools give you a real-time snapshot of your supply operations for maximum efforts and speedier client deliveries.

Use transportation management to govern supplies in transit with fleet management and numerous shipping methods, such as rail, air and sea. Develop effective pre-route plans and distribute resources accordingly to avoid overspending.

Other requirements include warehousing, sourcing, analytics, monitoring, planning and more.

Project Management

Lastly, project management tools allow you to organize and track assignment information and adhere to budget limits. Establish custom rules to ensure all team members adhere to security and compliance regulations.

Other requirements include pre-built and custom templates, Kanban task views, guest accounts, user group creations, webhooks and dashboards.

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FAQs

What is oil and gas ERP used for?

Oil and gas ERP software is a solution that streamlines industry needs for upstream and downstream operations, mining, extraction and more. This system handles project management, accounting, supply chain and more to meet client and business needs.

What are the best oil and gas ERP features?

Some must-have features for this solution are asset, quality and inventory, BI, reporting, supply chain and project management.

Who uses oil and gas ERP?

Some users include energy companies, manufacturers, refineries, retailers and more.

What are the best oil and gas ERP solutions?

Some of the best solutions in this sector include Oracle Fusion Cloud, SAP S/4HANA, Dynamics 365 ERP, Kinetic and NetSuite.

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Next Steps

Oil and gas ERP enhances seamless project management, superintends expenditures, boosts profits and performs in-depth reporting. You can also simplify supply chain, accounting, inventory and quality management processes to maximize operations.

Ready to take the next step? Access our free, in-depth comparison report for more ERP solutions and module data.

How has oil and gas ERP helped your business? What are you looking for in a new system? Let us know in the comments!