Equiva Partners with SAP
Equiva Trading Co., the trading unit for Equilon Enterprises LLC and Motiva Enterprises LLC, has licensed SAP's Trader's and Scheduler?s Workbench e-business platform to improve efficiencies in its supply chain management operations.
Equiva Trading provides supply-trading services for Equilon and Motiva, the two Houston-based joint venture companies of Shell Oil CO. and Texaco Inc. The company said it plans to leverage SAP's software solutions to more effectively manage the downstream supply chain. This will be achieved with improved financial reporting accuracy, physical inventory tracking and transaction processing in the primary distribution network between refineries and product terminals.
Equiva is also working with SAP to create an open interface that would provide easier accessibility and increased scalability. The trading interface will enable Equiva to improve its ability to consistently plan and schedule transactions in its trading system, improve trade book and general ledger integration and allow better position management, automated pricing, ticket processing and deal settlement functionality.
These improvements will substantially increase Equiva?s transaction processing efficiencies, said Massoud Sedigh, Equiva's chief information officer.
"We selected SAP because of its e-business leadership, experience and long-term commitment to the oil and gas industry," Sedigh said. "SAP provides us with the best solution to meet our e-business goals by providing our people with access to tools, functionality and information to help them better manage the business and be more responsive to our customers."
Equiva Trading provides supply-trading services for Equilon and Motiva, the two Houston-based joint venture companies of Shell Oil CO. and Texaco Inc. The company said it plans to leverage SAP's software solutions to more effectively manage the downstream supply chain. This will be achieved with improved financial reporting accuracy, physical inventory tracking and transaction processing in the primary distribution network between refineries and product terminals.
Equiva is also working with SAP to create an open interface that would provide easier accessibility and increased scalability. The trading interface will enable Equiva to improve its ability to consistently plan and schedule transactions in its trading system, improve trade book and general ledger integration and allow better position management, automated pricing, ticket processing and deal settlement functionality.
These improvements will substantially increase Equiva?s transaction processing efficiencies, said Massoud Sedigh, Equiva's chief information officer.
"We selected SAP because of its e-business leadership, experience and long-term commitment to the oil and gas industry," Sedigh said. "SAP provides us with the best solution to meet our e-business goals by providing our people with access to tools, functionality and information to help them better manage the business and be more responsive to our customers."