• When

    {{ '2017-07-18T17:00:00+00:00' | userDatetime:'MMMM D, YYYY' }}

    {{ '2017-07-18T17:00:00+00:00' | userDatetime:'h:mm a' }} - {{ '2017-07-18T18:00:00+00:00' | userDatetime:'h:mm a z' }}

EAM: The Reporting Onion – Reporting so Good it Makes You Cry

Hosted by:Enterprise Asset Managment

As an organization matures in its EAM process, so do its reporting requirements. A key benefit of any SAP implementation is the reporting it provides. Reporting should never be a rigid or painstaking process. On the contrary, it should be the result of excellent Master Data organized in a standard manner that provides fluid and useful information to any user at any level of the organization.

The best advice I can give anyone starting an EAM implementation is to focus on master data from the beginning. SAP’s incredible wealth of data points allows reports to be manipulated on the fly to answer questions that were once tedious to research and semi-reliable at best. Once an organization sets standards and understands what each piece of master data brings to the “reporting table”, reporting can actually become a positive and exciting process.

To explain how Master Data works at Denbury, our team developed and coined the phrase:

The Reporting Onion

Reporting so good, it makes you Cry.”

The onion is the body of reporting that contains the layers of master data we use to gather information about the assets we operate. In the past, an enormous General Ledger (G/L) and thousands of cost centers were relied on to describe work being done in operations. Naturally, Coding errors / inconsistencies and interpretations of what G/L & cost center combination to use caused numerous issues. To create useful asset based reports, end users were required to manually review invoices and create spreadsheets to analyze spend. The introduction of SAP EAM and strong master data changed this for Denbury.

Now, standard processes like building a work order, procuring goods and services & confirming time bring a plethora of master data that is used to make quick, reliable and useful reports. End users are unknowingly building great reports simply by doing their everyday jobs. The master data is built once and the results are consistent, reliable and repeatable reports that can be sliced and diced to tell a story that was only once dreamt about. Information needed to make decisions has never been easier to obtain. You are just a few clicks away.

Speaker:

Justin Lester:Denbury