Background:

About Complete Production Services ("CPS")

Complete Production Services is one of North America's leading oilfield service providers, offering all-inclusive field support solutions, equipment and well-production optimization and enhancement to the world's largest oil and gas companies.

Based in Houston, Texas, CPS provides both technologically innovative and time-tested methods to develop hydrocarbon reserves, reduces operating costs and enhances oil and gas production by calling on its local basin expertise and leadership in the major oil and gas regions from Canada to Mexico.

Business Issues:

In 2006, CPS rolled out Hyperion System 9 ("HS9") Financial Management ("HFM") to consolidate the financials of their divisional entities and meet management reporting requirements.

In November of 2007, CPS decided that in order to standardize the finalization of the actuals, provide additional security control on the data and maintain SOX compliance, they needed to employ the Process Control feature available within HFM. This would allow users to verify data for their units of responsibility and pass access control to the next reviewer(s) established. At each level, only the specified reviewer(s) has the ability to modify the data until the process unit is passed along to the next level. Ultimately, the data is approved, published and locked down. Additionally, an electronic audit trail is now available for internal audits of both the data and the process.