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Data Cube

Data Cube

Datacube is a Data analysis tool which if used constantly and correctly can give you insightful information from the data stored in Classic Accounting Software. Datacube can be a very helpful tool on a day to day basis where various information that is alreadystored in Classic Accounting Software is not captured by any other means.

There are various reporting scenarios where Datacube can be handy which includes but not limited to: Month End, Top Management , Quarterly , Half yearly and Annual Reports.

Datacube gives you the flexibility to decide according to your requirements level of depth of data you want to view. Please note that Datacube is not a replacement for any of the reports that can be generated from Classic Accounting Software, instead it is a supplementary tool which can help you get additional information from the data that is stored in Classic Accounting Software. Classic Information Systems claims no responsibility for the Data\Information that the cube generates and is not liable for the integrity of the data.

This screen gives you the yearly actual and budget data by account code and name.

To enable users of our Plant Maintenance software to visualize their resource requirements and schedule their work better, Classic sourced a third party product and tied it into sections in the Plant Maintenance module. Maintenance Planners are then able to prepare Tables and Graphs directly from the Data in Classic and use these tools to prepare “what if “ scenarios and reschedule activities to achieve optimum performance.

This technology has wider application and so Classic has been examining ways in which the product could be tied into other Classic databases.

We have now commenced development of a separate module which will enable the construction of cubes which can present data from the many databases in Classic and enable multi dimensional analysis and tabular or graphical presentation of the data.
We expect that applications built will combine data to allow management to:

Streamline and regulate financial processes

  • Perform integrated operational and financial planning in real time for immediate visibility into resource requirements and future business .
  • Automate workflow and aggregation by collecting volume and financial data from oil & gas source systems.
  • Replace error-prone spreadsheets with a single, consistent version of corporate information.
  • Structure your data and reporting processes to comply with Sarbanes Oxley and other regulatory compliance initiatives.

Manage the big crew change

  • Understand the effect of 50 percent of the oil and gas workforce retiring in the next six years.
  • Turn the challenge into a competitive advantage through effective succession planning.
  • Get a view into key oil and gas workforce measures such as headcount and turnover, demographics, compensation and incentives, benefits and new talent recruitment.

Maximize supply chain efficiencies

  • Monitor and analyze your supply chain with a view to controlling expenses going to labor, supplies, services and other areas across the chain.
  • Identify and rein in rogue spending.
  • Compare and benchmark oil and gas suppliers in terms of quality, delivery and price.

Predictability

  • Through regular reporting and analysis, proactively identify events, trends and other conditions that can lead to performance problems.
  • Analyze operational trends and project them forward.
  • Take pre-emptive action to prevent inventory shortfalls and delays.

Global optimization

  • Gain insights into cause-and-effect relationships to understand the impact of decisions up and down the line.

Complete information

  • Consolidate data across the organization to provide complete and consistent information for actionable analysis.
  • Distribute reports, analysis and other information through a centralized portal or extranet.
  • Receive timely notification of events, such as late supplier delivery or production stoppages.

Visibility

  • Monitor performance across processes, products or suppliers, and drill through to the transaction details when required.
  • Identify key metrics and receive alerts when performance is off-track so you can make immediate corrections.

Drill the digital oil field

  • Consolidate data from multiple databases—production, reserves, accounting and well logs—into a single view of your operation based on common data definitions.
  • Identify trends, anomalies and opportunities, and model the effects of key business drivers, against various scenarios.
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