The FINANCIAL — Accenture (NYSE: ACN) announced on March 3 a two-year agreement to provide Q’Max Solutions Inc., an independent, privately-owned oilfield services company, with strategy and management consulting services, digital technology and systems integration work to help Q’Max better execute its growth strategy.
Accenture Strategy and Accenture Consulting teams will help ensure the smooth integration of newly acquired businesses and focus on reducing material, equipment and services spending through a strategic sourcing initiative, according to Accenture.
In addition, Accenture will develop shared service operating models for Q’Max business units and its technology and R&D functions to enhance teamwork and standardize business practices. Information Technology work includes local network optimization within business units and a globally consistent IT infrastructure. Also, a global enterprise resource planning solution, Microsoft Dynamics AX, implemented by Accenture and Avanade, will consolidate various legacy business applications, deliver more efficient data management and drive greater visibility into business performance.
The project builds on collaborative work between Accenture and Q’Max that began in 2014. This first phase created a new digital supply chain operating model that is on track to deliver improved global supply agreements with more favorable product purchasing terms, including price and lead times for drilling fluids that are most in demand by Q’Max customers. Other improvements range from the design and implementation of a global cloud infrastructure to the delivery of consistent end user productivity tools and the development of a standard suite of global engineering applications leveraged at well sites serviced by Q’Max.
“In the latest phase of the project, our Q’Max teams are taking the right steps to realize and sustain the benefits we achieved last year,” said Chris Rivers, CEO of Q’Max. “In today’s low-price commodity environment, these benefits are important to our ongoing growth through greater consistency in product quality and service innovation.”
“Q’Max is placing digital technologies at the heart of its business strategy to drive efficiencies and support the company’s aggressive growth plans,” said Erik Olson, managing director in Accenture’s energy business. “The company is stretching its enterprise boundaries by tapping into the latest digital technologies, such as cloud as a service, and its new digital supply chain operating model, to prove that lower cost and enhanced service can go hand in hand.”
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