Transformation/Innovation

The Oil and Gas industry has come a long way, from revolutionizing techniques for extraction, refining, and utilizing fossil fuels, to improving these same processes based on the increasing technology-driven demands for resources. Oil and Gas business leaders can now take advantage of digital transformation and digital modernization, move forward, and explore key innovation strategies. With the right technology, companies can now easily empower industry leaders and consumers to continuously generate and capture the value of the Oil and Gas industry.

Digital transformation and digital modernization are rapidly evolving as indicators of success for businesses and companies worldwide. Technology, along with its proper application and utilization, has shown the potential to empower both business leaders and consumers with unparalleled opportunities for generating and capturing the value of services and products.

Sirius Solutions has been creating and deploying Treasury and Cash Management solutions for business leaders for over two decades. Technology that could augment or enhance these solutions, such as understanding the behaviors, routines and decisions that improve cash flow, didn’t exist ten years ago. But over the last decade, we have been focused on identifying and evaluating technology that can improve our clients’ business performance related to cash acceleration.

For more than two decades, Sirius Solutions has evolved as a group of subject-matter-experts, thinkers, consultants, strategists, technologists, doers, innovators, advisors, and so much more for our clients. We know how stuff works. We know how to successfully manage cash for our clients, transform financial departments, resolve audit, SOX, or compliance situations, help with IPOs, and rework vendor management. As accountants, we have delivered thousands of successful revenue accounting projects and we have helped companies become more profitable by lowering their costs or uncovering new avenues of growth and revenue.

Accounting is a critical function in any business, and knowledgeable financial professionals are essential to any team. Because of the knowledge that accountants and financial professionals bring, their time is highly valuable — and spending that time on manual, repetitive tasks ends up being extremely expensive. 

As an organization that has been in the internal controls and compliance space for over two decades, we are excited to see and introduce new technologies that augment or replicate our high standards.

In the last few years, as internal auditors, we have had to adopt new technologies and innovations. Adapting to change is part of our asserted strategy and capabilities – learning new tricks and new tools. However, this year posed an entirely different set of challenges as we have had to re-work our processes and systems in the post-COVID environment. While clients hire us for internal audit work, we now realize that our value of being good partners goes beyond implementing audit processes towards aligning ourselves for the wellbeing of everyone in the audit cycle.

As companies are preparing for end-of-year activities like budgeting processes, inventory counts, maintaining vendor and insurance records, employee benefit renewals, completing work for SEC filings and property tax renditions, we recommend using workflow automation to standardize and optimize these tasks.

As companies are preparing for end-of-year activities like budgeting processes, inventory counts, maintaining vendor and insurance records, employee benefit renewals, completing work for SEC filings and property tax renditions, we recommend using workflow automation to standardize and optimize these tasks.

Many of you have reached out following our Integrated Automation article.  So we thought we would expand on this and share with you additional helpful resources to assist you as you plan your organization’s automation journey.

Achieving full-scale automation or transformation is a massive undertaking for any organization. Rethinking business processes – from simple tasks to wide-scale workflows – requires that organizations overcome internal resistance, identify best technologies and almost rebuild business processes from the ground up.

A pressing issue across businesses is the continual need to do more with less, particularly without increasing costs! We have found that this can be achieved with the magical help of a cost-free tool called Power Query.

Companies can achieve automation through a range of automation tools available in the marketplace. How companies expend efforts around automation depends on available in-house software and budgets, internal and external capabilities available around the various technologies, and business goals around timelines, personnel, and costs.

Automating business processes has become a common thread across industries. The idea is simple: identify non-essential, manual, repetitive processes, and implement a discipline of automating these processes.

Houston’s innovation landscape has gone through enormous progress in the last few years. Bringing together a support system of organizations and institutions, Houston’s startup ecosystem drives startup agendas forward resulting in sustainable progress.

We routinely get asked, ‘why innovate?’ Innovating the right way delivers ongoing impact and value – and we absolutely believe this to be true.