In an energy environment characterised by high market volatility and constantly evolving economic assumptions, Woodside Energy is fundamentally optimising its finance function to strengthen its responsiveness and ability to anticipate. Based in Australia, Woodside Energy is one of the leading independent players in the global energy sector. The company is involved in the exploration, development and production of energy resources, particularly liquefied natural gas (LNG). Operating across several international markets, it operates in a sector where price fluctuations, geopolitical challenges and regulatory requirements demand fast and reliable financial analysis.
In this context, the performance of financial planning tools becomes a strategic lever.
From two days to less than one hour to generate a financial scenario
Before modernising its system, creating a “what-if” scenario took approximately two days. This was a significant delay in a sector where investment and capital allocation decisions sometimes need to be made within a few hours.
Thanks to the implementation of the Anaplan platform, Woodside Energy reduced this time to less than one hour, representing a 16-fold acceleration.
This evolution transforms how finance leadership assesses market assumptions, models financial impacts and supports strategic decision-making.
Data centralisation and reduced operational risks
The project also made it possible to replace several legacy financial systems and centralise data within an integrated platform.
This consolidation:
Strengthens the reliability of financial information
Reduces the risk of errors related to manual handling
Improves data governance and traceability
Facilitates collaboration between teams
Financial data thus becomes a unified, accessible and secure strategic asset.
A finance function repositioned as a strategic partner
Beyond the time savings, this transformation redefines the role of the finance function within the organisation. By producing near-real-time analysis, teams can now:
Quickly test new market assumptions
Adjust forecasts according to sector developments
Support investment decisions with dynamic modelling
In an energy sector subject to rapid cycles and major structural challenges, the ability to generate and analyse financial scenarios in just a few minutes represents a decisive competitive advantage.
With this modernisation, Woodside Energy demonstrates that financial agility is becoming a central pillar of overall performance and strategic resilience.
source: Anaplan
