OpenContract PriceBook lets you create, track and compile your price books, agreements, pricing changes and terms & conditions on one platform made for decentralized oil and gas operations. Save time with automatic price validation and compliance. Optimize spend with pricing reporting and spend analytics. Boost supplier collaboration with built-in price negotiation and access to oil and gas’ largest supplier network.
Adhere to price agreements, apply the latest prices, track pricing exceptions and realize terms with a single source of truth. Plus, match invoices, orders and field tickets against price books, terms and agreements.
Integrated to your ordering, field ticketing and invoicing, Enverus pricing software OpenContract PriceBook reduces your invoice cycle from weeks to days by automating your price validation workflow on one platform.
Demonstrate spend under control by identifying rogue spend with pricing and spend analytics. With unrestricted access to a single pricing repository, you no longer toggle between systems or suffer data siloes that delay spend analysis. Plus you protect data integrity without the need for audits.
Manage disputes, negotiate and communicate price changes directly in OpenContract PriceBook for faster collaboration and fewer errors. Do this all within the same system you use to monitor pricing activities so you further demonstrate spend under control.
Want to make a more informed decision? Our solution overview explains how OpenContract PriceBook empowers upstream and midstream operators to manage price books, agreements and terms & conditions for better price compliance and spend control.
Coupled with OpenInvoice®, OpenTicket® and OpenOrder, OpenContract PriceBook validates and matches invoices, field tickets and orders against pricing for easy three- and four-way matching.
Stop rogue spend before it occurs. Evaluate pricing and identify common leaks like payment terms, incorrect pricing and erroneous invoices. Then automatically reject non-compliant invoices by setting compliance rules. All so you prevent leakage and boost your bottom line.
OpenContract PriceBook is part of Enverus’ integrated suite transforming oil and gas source-to-pay on a single platform. Our platform optimizes spend management and increases operating efficiency with workflow automation and a 360° view on spend across your entire procure-to-pay process.
Operators and service providers collaborate on price books and agreements directly in OpenContract PriceBook with price change rules and notification alerts. With zero red tape and a shorter turnaround, your team focuses on maximizing production instead.
Mitigate supply chain disruption by gaining visibility into compliance with general ledger reporting. And with Spend Analytics, you and your team examine line items referencing price books and agreements for a more complete picture of your procurement spend.
Our Input Price Lock-in lets you set purchase price thresholds to limit the impact of volatile commodity prices.
The Enverus network connects you to more than 35,000 active suppliers, so your suppliers are likely already in our network. But if not, our dedicated support team will onboard your suppliers at no extra cost. We handle adoption so you can focus on value-added tasks.
Accelerate your time-to-value with structured change management. Our Professional Services team will ease your transition to OpenContract PriceBook and optimize your usage so you can maximize your return on your software investment.
– Discovery Natural Resources
Get a free demo to see these and more OpenContract PriceBook features in action.
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