Oil and gas companies operate within a highly capital-intensive sector.
Tight margins, complex supply chains, and regulatory obligations require absolute precision in financial control.
At the same time, maintaining and managing high-value physical assets places significant demands on finance teams.
Fortunately, technology is helping the sector move beyond manual workarounds and fragmented data.
By automating key financial and operational processes, companies can achieve tangible cost savings and more accurate insights.
The Cost Challenge in Oil & Gas
Expenditure control is a constant concern for finance departments. Projects often span multiple years, involve several currencies, and require strict allocation of capital.
Traditional accounting systems struggle to deliver real-time oversight of budgets, asset movements, and operational costs.
Delays in data entry, human error, and inefficient workflows increase administrative overheads and can obscure decision-making.
Energy firms must also navigate multilingual reporting requirements, local tax structures, and international standards.
All of these add layers of complexity to financial processes.
Automation as a Cost-Control Strategy
Automating financial operations reduces reliance on manual processes. It speeds up reporting cycles, improves data accuracy, and enhances auditability.
More importantly, it frees up skilled finance teams to focus on activities like planning and value-generating analysis.
Automation platforms can support the allocation of capital expenditure, monitor depreciation across different jurisdictions, and ensure compliance with both local and international reporting standards.
This is particularly relevant for oil and gas businesses where equipment lifecycle management, cost allocation, and project accounting are central.
SunSystems and UniFi: Driving Financial and Operational Efficiency for Energy Firms
SunSystems provides comprehensive financial management that can help your oil and gas company simplify complex financial operations, reduce manual workloads, access data quickly, and improve decision-making.
Paired with UniFi—a powerful platform for accounting, finance, and business process automation—you can achieve even greater efficiency, automation, and control.
These platforms support multi-entity, multi-currency, and multi-language environments, which are especially relevant for energy firms operating internationally.
Asset management becomes more structured and transparent. Finance teams can track capital projects from inception to completion, manage the full asset lifecycle, and allocate costs in real time.
The platforms also automate intercompany transactions and centralise financial reporting, delivering a single source of truth across the organisation.
With UniFi, companies can connect operational systems with finance workflows. For example, data from procurement or inventory platforms can be automatically validated, processed, and reflected in accounting records without manual rekeying.
This reduces risk, improves speed, and helps teams respond quickly to changes in project timelines or cost forecasts.
Conclusion
Oil and gas businesses face unique financial challenges. But with the right platform in place, these can be managed with greater confidence.
SunSystems and UniFi provide automation that simplifies financial control, strengthens asset visibility, and reduces overheads.
The result is a more agile operation, ready to meet current demands and scale efficiently.
Get in touch with us today to find out more about how we can help you!
