How AI is Changing Oil and Gas Procure-to-Pay
The oil and gas industry is undergoing a significant digital transformation, with artificial intelligence (AI) playing a crucial role in revolutionizing oilfield procurement processes. As the demand for efficiency and cost-effectiveness increases in our increasingly competitive economic environment, AI technologies are reshaping procurement strategies, from supplier selection and order processing to invoicing. Some of the […]
3 Trends Affecting OFS Prices in 2025, and How You Can Protect Your Bottom Line
Explore key OFS pricing trends for 2025 and learn how you can manage spend and improve efficiency. Stay ahead in the oil and gas industry.
The Critical Role of Data and Supply Chain in Oil and Gas Operations
Make strategic supply chain decisions faster with data in a single source-to-pay platform In the world of oil and gas, the importance of data and efficient supply chain management cannot be overstated. These elements are the backbone of successful operations, driving everything from exploration and production to construction and sales. Accurate and timely data enables […]
7 Features to Look Out for in Your Oil and Gas Sourcing Platform
Discover the 7 must-have features in sourcing platforms to streamline procurement, enhance decision-making, and boost efficiency for oil and gas companies.
How Technology Is Changing the Way We Track and Transfer Materials in Oil and Gas
It’s no secret that the oil and gas industry as a whole faces challenges in efficiently tracking and transferring materials for use in everyday operations. However, with advances in modern technology these processes are undergoing a remarkable transformation. Still, the overall industry tends to be a laggard in terms of how these technologies are actually […]
Managing by Exception: Harness Automation to Streamline Operations and Save Your Company’s Bottom Line
In the dynamic and demanding realm of the oil and gas sector, keeping spend under control and increasing capital efficiency continue to stand as pivotal challenges. Most E&P companies address these problems by trying to reign in spend, increase process efficiency and improve compliance. But these efforts often fall on the shoulders of operations and […]
Streamline Ordering and Inventory Management With Two Enverus Solutions Made for Oil and Gas
The oil and gas industry is no stranger to uncertainty. Producers contend with a myriad of challenges – everything from supply chain uncertainty, geopolitical shocks, ROI demands from investors and an unpredictable policy environment – so it’s no wonder a big industry focus is on creating efficiencies.
Back Office Automation Tools for Oilfield Services Companies
Being a supplier in the oil and gas business is hard. You must ride the cycle of boom and bust, differentiate yourself in an incredibly competitive market and make sure your financial fundamentals are sound.
Oil and gas procurement automation: End project delays and overspending
Purchase order automation has the power to relieve oil and gas operators and OFS companies of many headaches in the procure-to-pay process. Energy companies continue to manage the procurement process using tedious, manual workflows that result in the same issues over and over — limited visibility to accounting teams on committed spend, duplicate invoices and payments, delayed payment to suppliers, manual verification and matching of documents, to name a few.
Digital Invoicing for Small- and Mid-Sized Operators
“OpenInvoice saved my marriage.” This isn’t a value point you’d see in a typical software brochure. But it’s something a customer shared with us a few years ago. Turns out, this customer was the only accounts payable manager at her job with an independent oil and gas operator. Before her company had implemented digital invoicing […]