US-Analytics Solutions Group offers professional services to the world’s leading corporations in
Operational Infrastructure, Performance Applications, and Continuity Services. For a decade, companies
have trusted US-Analytics to solve complex business problems, drive managerial excellence, and deliver
operational agility.
PIONEER
Pioneer Natural Resources Company is an $8 billion independent oil and gas exploration and production
company with more than 950 million oil equivalent barrels in reserve. With more than 1,600 employees,
Pioneer currently has continuing operations in the United States, South Africa and Tunisia.
BUSINESS CHALLENGE
Pioneer faced extended close periods, stringent Sarbanes-Oxley compliance demands, and increasing
stability challenges from its overloaded legacy system.
- Data Access: The legacy system’s lack of web enablement complicated remote user usage.
- Data Quality: The absence of detailed audit trails raised a serious concern for the company.
- Close Cycle: The traditional method of passing data files around the company across time zones was
time-consuming and error-prone.
- Analytical Reporting: Variance analyses didn’t reveal causes even for the “big” picture, and didn’t
permit necessary drill-downs, pivots, or investigations.
- Regulatory Reporting: Evolving legal entity structure of business demanded ability to view discrete
portions of the enterprise.
- Sarbanes-Oxley: Compliance and auditability issues became paramount with the need to provide
more timely information and to track multiple data sources.
ROLE OF US-ANALYTICS
Pioneer needed a partner who had the business acumen, finance/accounting experience and systems
development expertise to help it implement a new, scalable, flexible solution. To increase the efficiency
and effectiveness of Pioneer’s reporting functions, US-Analytics:
- Gathered and prioritized business components.
- Designed optimum system to leverage Pioneer’s toolset and address needs.
- Implemented Hyperion Financial Management and related components.
- Created and led training around the new system for a diverse user population.
- Delivered user documentation to ensure client self-sufficiency.
RESULTS
- Improved data reliability.
- Reduced close cycle time.
- Faster, easier more detailed reporting and variance analyses.
- Financial statements enabled to meet future XBRL reporting requirements to SEC.
- Automated and streamlined intercompany activities reconciliation.
- Auditabiliy and data source tracking to ledger system.
- Executive dashboards that provide additional insight and understanding to senior management team.
US-Analytics’ seasoned professional consultants resolved a wide range of strategic, tactical and
technology issues to deliver a value-added solution and give Pioneer a focused, competitive advantage.
