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Akili Announces Its XStream Upstream Oil & Gas Solution Is A Qualified SAP® Business All-in-One Partner Solution

Akili’s solution provides improved efficiency of revenue and venture management processes with software for hydrocarbon accounting to midsize companies

DALLAS, Texas — April 8, 2015 — Akili Inc. today announced the launch of XStream, a new solution designed specifically to meet the needs of midsize exploration and production (E&P) companies in the oil & gas industry. XStream is a qualified SAP® Business All-in-One partner solution that provides E&P companies with the affordability and expertise of the SAP application, while combining support for best practices in a pre-configured accounting solution based on SAP for Oil & Gas solutions. XStream includes support for production management, revenue accounting, cost accounting and reporting, joint venture accounting, tax and regulatory reporting, financial management and program management.

SAP Business All-in-One partner solutions are qualified by SAP and developed, sold and supported by SAP channel partners like Akili as a defined-scope implementation with consulting services, and offer the flexibility to accommodate the unique business needs of each customer. Qualified SAP Business All-in-One partner solutions are preconfigured, industry-specific versions of the SAP ERP application combined with SAP Best Practices offerings, enabling streamlined operations, lower costs and a proven path to growth.

With XStream, companies can benefit from a pre-configured solution that reduces implementation time and required resources. Quick personalization and configuration can meet businesses needs from pre-built industry best-practices templates. Profitability and performance are managed better through streamlined operational and executive reporting, with access to information provided by a single integrated system where all areas of the business are consolidated. Companies can benefit from increased speed to market when evaluating acquisitions and new business ventures, and a rapid return on investment from reduced overall cost of operations through efficient processes, integration and lower infrastructure costs. Akili’s XStream is an affordable package that provides tight integration across numerous business processes.

“The oil & gas exploration and production marketplace is a dynamic operating environment where daily decisions can have significant and immediate impact on profitability, debt and cash flow,” said Shiek Shah, CEO, Akili Inc. “Changing commodity markets can dramatically affect company performance, and significant capital requirements require ongoing evaluation of existing and potential investment opportunities. By implementing Akili’s pre-configured ERP solution that integrates with production and operations systems, businesses can maximize back-office process efficiency, even in complex accounting environments like those found in E&P firms. By working with SAP, we have successfully enhanced our solution to leverage SAP’s strength of integration and the support capabilities of a leading software vendor, all combining for an improved customer experience.”

Combining Akili’s expertise in the oil & gas industry and its vertical business processes with SAP’s ongoing industry expertise and proven implementation methodology, XStream provides customers with a rapidly deployed, easily managed enterprise software solution for improved business processes and quick results.

About Akili
Akili (pronounced (uh • kē’ • lē) meaning “knowledge” in Swahili) is a business management and technology consulting firm founded in 1992. Akili is headquartered in Dallas, Texas with locations in Houston, Texas and Denver, Colo. Akili delivers IT solutions for Fortune 2000 companies and is focused on industry solutions for oil and gas, telecommunications, finance, high tech and retail, among others.

Akili’s success rate spans 20+ years of precision of implementation design and trusted delivery that combines technology and management consulting. Akili brings world-class capabilities and is results-oriented, client-focused, and easy to work with. Ultimately, Akili enables its clients to move their key performance indicators in the right direction.

SAP, SAP HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

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