Our Business Application Framework
Powered by Microsoft Dynamics, the Lumos 365 Business Application Framework delivers operational excellence to your key business outcomes of controls, compliance and cost recovery across day-to-day business operations.
BREAKING THE LIMITATIONS OF ERP SYSTEMS
For too long, large global Upstream Oil and Gas companies have been shackled by Enterprise Resource Planning systems that are rigid, expensive, resource-intensive and carry high recurring costs.
REPLACING STAND-ALONE APPS WITH INTEGRATED EFFICIENCY
Stand-alone legacy applications lack the integration needed to support operational efficiency across the value chain and often fail to deliver the global, multi-location access needed today.
DELIVERING SECTOR-SPECIFIC EXPERTISE
Commonly used business applications are often derived from manufacturing-based applications that require considerable investment and effort to be suitable for sector-specific challenges such as cost recovery.
TOPLINE BENEFITS OF OUR BUSINESS APPLICATION FRAMEWORK
High upfront costs and lengthy deployments have deterred investment in a business process solution precisely when it is needed – as companies ramp up exploration and production – resulting in inefficiencies and business disruptions when they can be least afforded. Not anymore.
- GAIN FLEXIBILITY
- MINIMISE INVESTMENT, MAXIMISE RECOVERY
- IMPROVE CONTROLS
- STRENGTHEN COMPLIANCE
- ACCESS ANYWHERE
GAIN FLEXIBILITY
Develop operational excellence to the core of your business as you navigate the value chain. Move seamlessly from acquisition through exploration, appraisement, development, operation and trading to divestment. The Lumos 365 platform provides a single, modular and scalable platform. The system can easily be extended from finance, to supply chain and asset management, as you move from exploration to development, to production. This modular approach allows for penalty free up and downscaling in accordance with your operations with minimal to no disruption.
MINIMISE INVESTMENT, MAXIMISE RECOVERY
Our subscription-based model requires low initial investment and provides the ability to expand and contract licenses easily, without financial penalty. The Lumos 365 Business Application Framework is designed to maximise your cost recovery with joint venture partners. Poor cost recovery is a common cause of profit leakages for upstream oil and gas operators. This has a significant impact on profitability. All material and service purchases, at source, can be allocated to the appropriate Approval for Expenditure (AFE) and are subject to in-built approval workflows. Cost recovery status is visible for analysis and reporting through our included Joint Venture Accounting module.
IMPROVE CONTROLS
Spend control is a critical component of profitability and often very difficult due to the disparate nature of the supporting data. Volatile Oil and Gas pricing makes effective spend control imperative. The platform benefits from many features such as delegation of authority, budget checking and contract spend monitoring. Lumos 365 has in-built best of breed workflows to support these activities from a process and productivity perspective. The Lumos 365 platform encourages end user adoption by facilitating spend control information for action and reporting. This is securely available in tools already used on a daily basis, such as Microsoft Excel.
STRENGTHEN COMPLIANCE
Embedded with industry sector best practices, the Lumos 365 Business Application Framework supports multiple tax and regulatory regimes to help ensure compliance. It is also designed to support M&A-driven strategies. A breach of these obligations can result in significant penalties for the joint venture company. The Lumos 365 Management Reporting and Analytics module will facilitate clear reporting on operational matters affecting compliance ensuring that cash investments contribute to production not penalties. The Lumos 365 platform will help ensure compliance with regulatory policies, such as Local Content and taxation as part of our standard best practice templates, protecting your investments for operational purposes.
ACCESS ANYWHERE
Remote operations create unique challenges for the Oil and Gas sector. Accessible from anywhere in the world on any connected device, the Lumos 365 Business Application Framework is hosted on the Microsoft Cloud and has an intuitive mobile interface for smartphones and tablets. Built on Microsoft Business Central and natively integrated with Microsoft Dynamics 365, Office 365, SharePoint and Power BI. Our platform benefits from the Microsoft ecosystem. With Lumos 365, you can improve communication and collaboration across different business functions and different locations.
TOPLINE BENEFITS OF OUR BUSINESS APPLICATION FRAMEWORK
High upfront costs and lengthy deployments have deterred investment in a business process solution precisely when it is needed – as companies ramp up exploration and production – resulting in inefficiencies and business disruptions when they can be least afforded. Not anymore.
GAIN FLEXIBILITY
Develop operational excellence to the core of your business as you navigate the value chain. Move seamlessly from acquisition through exploration, appraisement, development, operation and trading to divestment. The Lumos 365 platform provides a single, modular and scalable platform. The system can easily be extended from finance, to supply chain and asset management, as you move from exploration to development, to production. This modular approach allows for penalty free up and downscaling in accordance with your operations with minimal to no disruption.
MINIMISE INVESTMENT, MAXIMISE RECOVERY
Our subscription-based model requires low initial investment and provides the ability to expand and contract licenses easily, without financial penalty. The Lumos 365 Business Application Framework is designed to maximise your cost recovery with joint venture partners. Poor cost recovery is a common cause of profit leakages for upstream oil and gas operators. This has a significant impact on profitability. All material and service purchases, at source, can be allocated to the appropriate Approval for Expenditure (AFE) and are subject to in-built approval workflows. Cost recovery status is visible for analysis and reporting through our included Joint Venture Accounting module.
IMPROVE CONTROLS
Spend control is a critical component of profitability and often very difficult due to the disparate nature of the supporting data. Volatile Oil and Gas pricing makes effective spend control imperative. The platform benefits from many features such as delegation of authority, budget checking and contract spend monitoring. Lumos 365 has in-built best of breed workflows to support these activities from a process and productivity perspective. The Lumos 365 platform encourages end user adoption by facilitating spend control information for action and reporting. This is securely available in tools already used on a daily basis, such as Microsoft Excel.
STRENGTHEN COMPLIANCE
Embedded with industry sector best practices, the Lumos 365 Business Application Framework supports multiple tax and regulatory regimes to help ensure compliance. It is also designed to support M&A-driven strategies. A breach of these obligations can result in significant penalties for the joint venture company. The Lumos 365 Management Reporting and Analytics module will facilitate clear reporting on operational matters affecting compliance ensuring that cash investments contribute to production not penalties. The Lumos 365 platform will help ensure compliance with regulatory policies, such as Local Content and taxation as part of our standard best practice templates, protecting your investments for operational purposes.
ACCESS ANYWHERE
Remote operations create unique challenges for the Oil and Gas sector. Accessible from anywhere in the world on any connected device, the Lumos 365 Business Application Framework is hosted on the Microsoft Cloud and has an intuitive mobile interface for smartphones and tablets. Built on Microsoft Business Central and natively integrated with Microsoft Dynamics 365, Office 365, SharePoint and Power BI. Our platform benefits from the Microsoft ecosystem. With Lumos 365, you can improve communication and collaboration across different business functions and different locations.
HOW OUR CLOUD PLATFORM WORKS
From acquisition to abandonment, the Lumos 365 platform addresses and overcomes the challenges you face at every stage of the value chain. Cutting costs. Maximising efficiency. Extending agility. Our platform powers your business processes, adding more value to your operations.
ACQUIRE
Retrieving critical information from disparate systems with poor connectivity. Structuring financial master data. Extracting reports from acquired assets for analysis. Migrating financial and operational data. Utilising modules designed specifically to meet these challenges, our platform cuts cost, time and risk. MORE
EXPLORE
With a license granted, the need to structure, capture and manage a whole new raft of activities becomes imperative. Our modules create a sound financial supply chain system, laying the foundation for operational excellence moving forward to development and operation. MORE
APPRAISE
Getting a clear picture when spend visibility is poor. Retrieving, collating and exchanging information with third party service companies. Extracting and analysing management reports. It’s time and labour intensive. Our modules enable fast and easy spend tracking and data collaboration. MORE
DEVELOP
Managing significant CAPEX expenditure, JV partners, cost recovery, HSE, budgets and reporting creates the need to extend supply chain functionality to support and optimise the field development plan and sourcing. Our modules do just that, making management straightforward. MORE
OPERATE
This is where the foundations built earlier in the value chain with our platform really drive operational excellence. You gain control, cost recovery and compliance with process optimisation, while improving asset up time and reliability. MORE
TRADE
Poor control, recording and tracking of CAPEX, OPEX and G&A spend. Delayed delivery, poor sourcing, resources wastage and profit leakages. Compromised asset reliability and integrity. Lack of insights to support decision making. Our modules overcome every challenge. MORE
ABANDON
Cost-effective and efficient collation and aggregation of all asset data (contracts, compliance, financial, supply chain and plant) is critical. Our modules bring all this data together to maximise abandonment efficiency, save executive time and support due diligence. MORE
Let's Talk
To fast forward your business processes across the upstream oil and gas value chain, just get in touch.