Hitachi Solutions to Unveil Joint Venture Solution for Oil and Gas Industry

  Hitachi Solutions to Unveil Joint Venture Solution for Oil and Gas Industry

Hitachi Solutions to launch a Joint Venture Solution using Microsoft Dynamics
                                      AX

Business Wire

CALGARY, Alberta -- June 3, 2014

Hitachi Solutions Canada, a leading global provider of industry solutions
based on Microsoft Dynamics AX, will be launching an oil and gas Joint Venture
Solution using Microsoft Dynamics AX 2012.

Powered by Dynamics AX, the Joint Venture Solution will deliver the key
functionality needed for oil and gas financial operations, including project
and cost center management, contracts to manage joint interest agreement
details, joint venture billing, authorization for expenditure (AFE)
management, and gross/net reporting to enable companies to manage their
end-to-end joint venture partner billing and cost control processes within one
system.

Key features of the Joint Venture Solution will include:

  *Contract management (DOI)
  *Partner management
  *Cost registration
  *Cost distribution (joint venture splits)
  *Joint venture billing (partner billing)
  *Cost reversal
  *Authorization for expenditure (AFE)

“We are thrilled to be able to offer this solution to our existing and
potential clients. Upstream oil and gas companies using or looking to
implement Microsoft Dynamics AX will have the joint venture functionality they
require with this added module,” said Salim Faroukh, Vice President – Products
and Industry Solutions, Hitachi Solutions Business Solution Group of Hitachi
Solutions America.

“The new Joint Venture Solution combined with our oil field services
functionality will truly complete the offerings we can provide the oil and gas
industry, which is a key area of focus for us,” said Muneer Hirji, President,
Hitachi Solutions Canada. “With increasing collaboration among oil and gas
companies, we look forward to showing our clients the benefits of this
innovative solution.”

Hitachi Solutions Canada is an award winning Microsoft partner with over 60
oil and gas industry customers and extensive experience in developing,
implementing, and upgrading Microsoft Dynamics AX. To find out more please
visit, http://canada.hitachi-solutions.com.

About Hitachi Solutions

Hitachi Solutions, Ltd., headquartered in Tokyo, Japan, is a core member of
Information & Telecommunication Systems Company of Hitachi Group and a
recognized leader in delivering proven business and IT strategies and
solutions to companies across many industries. The company provides
value-driven services throughout the IT life cycle from systems planning to
systems integration, operation and maintenance. Hitachi Solutions delivers
products and services of superior value to customers worldwide through key
subsidiaries in the United States, Europe, China and India. The flagship
company in the Hitachi Group's information and communication system solutions
business, Hitachi Solutions also offers solutions for social innovation such
as smart cities. For more information on Hitachi Solutions, please visit:
http://www.hitachi-solutions.com.

About Hitachi Solutions Canada, Ltd.

Hitachi Solutions Canada is a consulting firm and systems integrator helping
customers from strategy to solution through a portfolio of management
consulting, implementation and support services. With more than 10 years of
experience and over 350 satisfied customers, Hitachi Solutions’ 300+ employees
across the country deliver innovative solutions around Enterprise Resource
Planning (ERP), Business Intelligence, Portals and Collaboration, Cloud
Computing, Custom Development and Integration, Customer Relationship
Management (CRM), Application Infrastructure, and Support Services. For more
information on Hitachi Solutions Canada, please visit:
http://canada.hitachi-solutions.com.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global
electronics company with approximately 326,000 employees worldwide. The
company’s consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled
9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the
Social Innovation Business, which includes infrastructure systems, information
& telecommunication systems, power systems, construction machinery, high
functional material & components, automotive systems and others. For more
information on Hitachi, please visit the company's website at
http://www.hitachi.com.

Contact:

Hitachi Solutions Canada, Ltd.
Erin Kutcy, 403-265-4332
ekutcy@hitachi-solutions.com
 
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