The global oil and gas sector today continues to experience unprecedented structural and geopolitical flux. According to the OECD 2026 Economic Outlook, sustained geopolitical frictions, infrastructure vulnerabilities, and supply chain disruptions never cease to trigger energy price volatility, directly impacting global inflation and tightening corporate margins [1].
Read more: US-Iran Conflict Series – What Are the Possible Scenarios for Oil Prices Next?
To thrive amidst these shifts, upstream, midstream, and downstream enterprises are radically shifting their strategic focus. The Deloitte 2026 Oil and Gas Industry Outlook highlights that sector competitiveness is no longer defined by aggressive production volume growth, but rather by strict capital discipline, operational cost efficiency, and strategic technology adoption [2].
As financial operations are squeezed by tightening banking parameters, debt refinancing challenges, and evolving ESG compliance requirements, legacy accounting platforms are proving to be major liabilities.
Modern energy businesses require an enterprise accounting solution built for structural complexity to achieve financial resilience.
Today’s article examines how Infor SunSystems Cloud addresses the unique accounting challenges facing today’s oil and gas organisations.
Read more:Scaling Innovation and Security with Infor SunSystems Cloud
What is Infor SunSystems Cloud for the Oil and Gas industry?
SunSystems Cloud is an accounting software developed by Infor, a leading provider of enterprise software solutions. The solution is designed to meet the complex financial and accounting needs of companies in a wide range of industries, including hospitality, oil and gas, healthcare, manufacturing, financial services, and many more.
Infor SunSystems Cloud has gained a strong reputation as the accounting software of choice for many oil and gas companies due to its industry-specific features and functionality that cater to the unique financial requirements of this dynamic sector.
Infor SunSystems Cloud features that support the accounting needs of Oil and Gas firms
1. Unified ledger
Oil and gas operations naturally generate fragmented data. Upstream exploration projects, joint ventures (JVs), and specialised subsidiary units frequently run disparate systems, forcing finance teams into endless manual data reconciliation loops.
Infor SunSystems Cloud resolves this fragmentation through its core architecture: the Unified Ledger. As the name implies, all ledgers, including the general ledger (GL), sales, purchases, etc., are managed in a single ledger in real time. This ensures all data is being stored and managed centrally without the need for manual re-keying, thus significantly reducing errors.
This structural efficiency eliminates the traditional “month-end crunch,” drastically reducing transaction cycles from weeks to just a few days in some organisations.
Interested in seeing what this robust financial management solution has to offer before making a decision? We have just the right material for you! Check out this on-demand webinar where you can dive deep into exploring different angles of Infor SunSystems at any time. Available for FREE now!
2. Multi-currency support
Oil and gas companies often operate in multiple countries and collaborate with other companies. An operator might procure heavy equipment from Europe, extract crude in Southeast Asia, and settle contracts in US Dollars (USD). Managing this fluid financial environment requires sophisticated multi-currency capabilities.
SunSystems Cloud provides built-in support for multi-currency transactions, allowing users to record transactions and generate financial statements in the currency of their choice. For instance, transactions can be bought, sold, and stored in any global currency, with real-time exchange rates automatically calculated and tracked against audit trails.
Businesses can also consolidate financial data from multiple currencies into a single set of financial statements. This feature enables companies to get a comprehensive view of their financial position across their operations, regardless of the original transaction value.
3. Fixed asset and capital expenditure tracking
The oil and gas industry is fundamentally asset-intensive. Upstream drilling rigs, midstream pipelines, and downstream processing facilities represent massive capital investments that fluctuate in value and carry prolonged depreciation lifecycles.
Because infrastructure financing structures vary significantly, companies must track assets across multiple regulatory and internal lines. The Fixed Assets module in Infor SunSystems Cloud enables organisations to manage the complete lifecycle of all fixed assets, from acquisition through to disposal.
The function also allows for easy maintenance of different valuations and depreciation methods for a single asset.
Learn more about this robust Fixed Assets module in this 7-in-1 package offer:All You Need to Know about Infor SunSystems Cloud – Available to download for FREE today!
4. Strict adherence to International Financial Standards
Beyond statutory local requirements (such as Vietnam’s local financial circulars or UK GAAP), international oil and gas corporations must continuously adhere to International Financial Reporting Standards (IFRS).
SunSystems Cloud features sophisticated automated data reconciliation, granular audit tracking, and flexible process customisation. This allows multinational entities to produce compliant financial reporting packages for multiple jurisdictions simultaneously without altering core transaction data.
5. Integration via Infor OS
A major barrier to efficiency in traditional energy companies is the wall between field operations (such as SCADA, IoT, and drilling metrics) and back-office financial systems.
Infor Operating Service (OS) acts as the underlying digital platform that seamlessly connects Infor SunSystems Cloud with both Infor and non-Infor, third-party, legacy, or specialised industry solutions, enabling operational volume data to flow directly into financial ledgers.
6. Security
The oil and gas industry is highly regulated, and companies must comply with various financial reporting and data security standards.
SunSystems Cloud offers robust security features, including role-based access and permissions, thereby preventing unauthorised activities and ensuring only valid users can view sensitive financial information.
Read more: 7 things to know about the newly launched Infor SunSystems Cloud
SunSystems Cloud takes security and compliance measures seriously, providing companies with the features and tools to do the same. By leveraging these features, companies can ensure the integrity of their financial data.
TRG International is proud to be your partner on your finance transformation journey
Implementing a cloud financial system in the tightly regulated, complex oil and gas environment requires not just software but also a reliable partner with deep domain expertise. As a trusted, certified global Infor Gold Partner, TRG International specialises in guiding oil and gas enterprises through seamless cloud migrations and financial system transformations.
With decades of experience in software deployment and reporting across international markets, particularly in APAC, TRG understands the unique demands of modern energy finance. We help businesses eliminate operational friction, shift away from siloed legacy tools and into more innovative, cloud-based solutions. We have 30+ years of experience advising, implementing, supporting, and training end-users on all versions of the venerable financial management software, Infor SunSystems Cloud.
Ready to modernise your financial operations? Schedule a discovery call with TRG International’s certified SunSystems experts today to find out how we can tailor Infor SunSystems Cloud to your specific operational needs.
Sources:
1. https://www.oecd.org/en/publications/oecd-economic-outlook-interim-report-march-2026_d4623013-en.html
2. https://www.deloitte.com/us/en/insights/industry/oil-and-gas/oil-and-gas-industry-outlook.html
