EXCEED specialises in delivering Subsurface, Well Management, Managed Pressure Drilling, Performance Improvement and Decommissioning solutions to the global energy industry.With Well Operator status, EXCEED supports client projects across the entire well lifecycle – from concept to completion, intervention, workover, end-of-life decommissioning and repurpose.Working closely with our clients, our project teams are at the forefront of operations in some of the world’s most complex and remote environments
Folio3 successfully implemented NetSuite as XCD’s ERP system. This solution streamlines business processes, ensuring compliance with ISO standards, and transforms the Finance function into a revenue-generating area. The migration enhances financial reporting, automates consolidation, and provides live reporting through customized dashboards. XCD can now accurately track project costs, manage AFE, and offer external interfaces for client visibility.
Exceed faced multifaceted challenges, including issues in project profitability assessment, controls, automated workflows, Excel-based tracking, and reporting fragmentation. The need for a unified and efficient approach to procurement also posed a significant hurdle.
The NetSuite implementation at XCD impacted all staff, particularly in timesheet and expense submission processes. The Finance, Project Managers, and XCD’s MD benefited significantly from Phase 1, transforming the Finance function into a revenue-generating entity. The overall costs, compared to the savings and revenue generated from a single standalone project, are marginal, validating the positive impact on the business case.
