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Why Finance Teams in Oil & Gas Need a Seat at the Asset Management Table

    In asset-heavy industries like oil and gas, finance teams have a unique opportunity to shape operational resilience and long-term profitability.

    When finance is involved early in asset decisions, companies benefit from a more measured approach to spend, risk, and performance.  

    The integration of finance and operations brings tangible business advantages, especially in a market where precision and compliance are non-negotiable.

    Asset management has traditionally been the responsibility of operations. However, the data now available through Enterprise Asset Management (EAM) systems offers valuable insights far beyond maintenance schedules and equipment lifecycles.

    Through platforms such as UniFi EAM— a collection of next-gen Apps to manage the entire lifecycle of your organisation’s assets—finance teams can access real-time information that sharpens capital allocation, supports accurate forecasting, and improves control over asset-related costs.

    For oil and gas firms, where assets span from drilling equipment to complex facilities, finance needs to remain close to every lifecycle stage — from acquisition and usage to retirement.

    Asset-driven decisions now directly influence financial planning, cashflow timing, and audit compliance. The visibility that UniFi EAM provides transforms these decisions from reactive to strategic.

    Proactive Finance Through Connected Systems 

    Integrating UniFi EAM with SunSystems creates a unified environment where operational and financial data work in tandem. This real-time connection enables immediate visibility into depreciation, asset usage costs, and repair-versus-replace decisions. 

    Finance teams are no longer reliant on month-end reports—they can act on live data and influence procurement, asset performance, and budget discussions as they unfold. 

    This level of responsiveness is especially valuable for managing large-scale capital projects, where delays or unforeseen costs can disrupt entire financial years. 

    With automated workflows and role-based approvals in UniFi EAM, spend controls are enforced without slowing operational momentum. Embedding finance in these processes leads to more accurate budget tracking and faster, more informed decision-making. 

    Strengthening Compliance and Audit Readiness 

    Asset-intensive industries are subject to high levels of regulatory oversight. 

    The audit trail created through integrated systems like UniFi EAM and SunSystems strengthens governance by ensuring that every asset transaction is tracked, justified, and linked to financial records. 

    This is especially useful for oil and gas operators working under strict national and international regulations.

    A Strategic Role for Finance 

    With the right tools, finance does more than report performance — it influences it.

    In oil and gas, where capital assets are critical to productivity and compliance, finance teams that engage with asset management processes help to drive sustainable profitability.

    UniFi EAM, combined with SunSystems, gives energy companies the clarity and structure they need to make smarter, faster decisions.

    When finance is invited to the asset table, the business gains more than cost control — it gains a partner focused on performance.

    Get in touch with us today to find out more about how we can help you!

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    • How to Break Free from Legacy Systems as an Oil and Gas Company
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      • About FinanSys
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        • SunSystems Financials
        • SunSystems Cloud
        • Query & Analysis Reporting
        • Sharperlight Reporting
        • Process Automation for SunSystems
        • Bank Payments
        • Making Tax Digital
        • Finansys Cloud
        • Spindle Document Delivery
        • Infor d/EPM
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        • Oracle NetSuite Business Management Solutions
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        • Professional Services Automation
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