Oil, Gas and Energy

Get smart solutions that can help your oil, gas, and energy company fuel profitable operations.

Industry Trends

Companies in the OG&E industry are incorporating a sustainable philosophy into their business and technology implementation.

  1. Change in Fuel Retailing
    The generational shift is changing the fueling preference of consumers from brand and price to convenience and user experience. Many fuel retailers are transforming their operations to attract and retain a new generation of customers.

  2. Emerging New Business Models
    Digital technologies are now embedded throughout the energy value chain enabling new business models and opportunities.

  3. Manufacturing Execution Systems
    Integrating manufacturing facilities, operational technologies, and computing systems help engineers to control the production process. As oil & gas equipment manufacturing processes are complex, engineers need an intelligent architecture for manufacturing systems with integrated control for the oil & gas industry.

Why NetSuite for Oil, Gas, and Energy?


  • End-to-end visibility into your receivables and payables with integrated order-to-cash (i.e. sales order, billing, collection) and procure-to-pay (i.e. requisition, purchase order, invoice) transaction management.
  • Multi-company consolidation and real-time roll-up across accounts receivable, accounts payable, payroll, inventory, billing, invoicing, and order fulfillment, from local in-country operations to the regional offices to global headquarters.
  • Close with confidence and report financials quickly and accurately.
  • Get immediate visibility into financial performance with pre-built or customized reports.
  • Maintain compliance with applicable accounting standards while establishing control and enabling audit trails.

Integrated Budgeting and Project Management

  • Monitor full Authorization for Expense (AFE) control with multi-level workflow approvals.
  • View the entire project plan with an easy-to-read Gantt chart and get a comprehensive real-time snapshot of project status—down to the task level.
  • Record project issues down to the task level and track them with descriptions, severity, resolution date, and assignment.
  • Easily set up projects using project templates, use flexible project duplication options to create new projects from templates, and flexibly assign resources. 
  • Track all the financial metrics of a project, including budgets, estimates, work in progress, bookings, invoices, billing milestones, percentage completion, and costs.
  • Create revenue and cost estimates for engagements and use “what if” scenarios to optimize price, margin, billing rates, and staffing.

Customer Relationship Management

  • Improve Customer Relationships. A true 360-degree view of the customer, including sales, support cases, and financial transactions.
  • Efficient Accounts Management. Create a holistic view of all accounts and their contacts with related activities in a single view.
  • Improve Marketing Effectiveness and ROI. Make more educated decisions about your marketing spend—targeting the highest return avenues.

Fixed Asset Management

  • Manage the complete asset lifecycle, easily report on all fixed assets, and easily track depreciating or non-depreciating company assets.
  • Completely integrate asset management with accounting and eliminate manual effort and multiple spreadsheets.
  • Leverage support for all standard depreciation methods and create and customize unlimited depreciation methods as needed.
  • Depreciation and asset retirements are directly posted to NetSuite accounts, which allows you to comprehensively report across assets, valuation, and depreciation.

Inventory Management and Supply Chain

  • Run Lean Operations. Manage every step of the product lifecycle from factory to store with an integrated manufacturing and wholesale distribution solution.
  • Strengthen Vendor Relationships. Collaborate with suppliers, vendors, and partners by providing self-serve access and real-time visibility.
  • Forecast with Confidence. Anticipate demand with better accuracy to maintain sufficient inventory levels.

Spend Management

  • Request approval to procure goods and services quickly and easily.
  • Optimize procurement for recurring needs with negotiated terms, tiered pricing, and pre-specified delivery schedules.
  • Enforce compliance with purchasing thresholds and guidelines.
  • From acquisition through payment, automate the complete procurement process for goods and services.
  • Accept a variety of credit and debit card types and other electronic forms of payment for online payment processing needs.
  • Establish budget and spending controls to ensure compliance with policies.
  • Gain real-time visibility into the spending trends across your organization.

Business Intelligence

  • Ensure compliance and accommodate requirements with easy and timely customized reporting.
  • Create reports and dashboards that combine operational and financial data and KPIs.
  • Analyze statistical measures and results for each department, location, and more.
  • Gain instant, real-time visibility for all key stakeholders, from high-level summaries down to the underlying transactions.
  • Ensure compliance and minimize risk with robust security, segregation of duties, and fully auditable business processes.

Success Story

Our project with our Electric Utility Provider customer paved the way for their organization’s digitalization. They now have a single platform for finance, invoicing, and inventory management, giving them visibility across all subsidiaries and generating customized reports for their convenience. Our pool of experienced consultants has created a customization for their electric billing, allowing them to automate billing printouts.