Cenovus is working with International Business Machines Corp to modernize their digital transformation.
IBM announced the partnership on Monday noting they will be implementing a new SAP platform helping the oil company integrate and streamline processes aimed to improve operational efficiency.
The new platform will allow Cenovus to transform their operations by providing real-time information across various departments that will aim to improve decision-making.
“Digital transformation and modernization are imperative to our business strategy,” said Charity Elder, ERP Program Director with Cenovus, in a release.
“In working with IBM Services to implement SAP, we are looking forward to leveraging their accelerators and templates to drive alignment to best practice and process standardization, placing us in a better position with business capabilities, operational efficiency and technology.”
They are the second major oilsands producer in November to partner with a tech company following Suncor Energy’s deal with Microsoft.
“As we enter the next chapter of digital reinvention, the oil and gas industry is primed for transformation, with companies turning to new platforms that will maximize the value of their assets, lower operating costs and continue to improve on their sustainable operations,” added Ross Manning, Vice President, Partner, Canadian Energy Industry, IBM.
Along with the platform, IBM will also provide talent and resources to guide Cenovus through the ‘digital change process.’
The two companies reached the agreement during the third quarter of 2019.