OpenInsights provides visibility your supply chain team needs to source materials, manage vendors and optimize collaboration between supply chain and operations.
OpenInsights, a spend analytics software solution, provides operators visibility into goods and services spend at a granular level, so you know where every last dollar is spent.
Gain insight on historical pricing information to understand and forecast market bids’ cost.
Consolidate vendors to reduce markups applied to similar goods and services by region and avoid non-performance penalty clauses.
Gain visibility into the cost of goods and services across your vendor portfolio to identify primary suppliers and negotiate better terms.
OpenInsights data is updated regularly, meaning you make decisions based on the most timely and reliable datasets in the market.
Analyze goods and services by category and attribute level to identify pricing trends and find new cost-saving opportunities.
Evaluate price differentials between different suppliers to identify variance across vendors, outlier pricing and pricing consistency.
Trying to reduce costs as a blanket effort is time-consuming and inefficient. Leveraging market indices to benchmark your goods and services pricing to the market by region allows you to find opportunities to improve.
Use OpenInsights to evaluate pricing by vendors to understand price consistency across your supplier network and define preferred vendors.
Learn more about OpenInsights, a spend analytics software solution, provides operators visibility into goods and services spend at a granular level. Get the insights your supply chain team needs to strategically source materials, manage vendors, and optimize collaboration between your supply chain and operations.
– Supply Chain Analytics Manager, Large Operator
With more than 50,000 active oil & gas suppliers submitting invoices and field tickets into our network, and more than $190 billion in industry spend data, Enverus OpenInsights cracked the code on category-specific supply chain data. By analyzing millions of lines of complex, unstructured data and normalizing it through descriptive attributes, supply chain organizations can quickly analyze their own spend data at a granular level to identify where every dollar is being spent — without any tedious onboarding process or IT resources required.
Enverus solutions connect to the largest network of oil and gas operators, midstream companies and oilfield services suppliers.
Save time with automated price validation workflows and optimize spend with price compliance reporting and spend analytics.
Read More About OpenContract® PriceBook
OpenOrder, a purchase order software made for oil and gas, increases spend visibility and controls without burdening operations, with flexibility to issue, approve and track procurement of services and materials with a purchase order.
Learn more about OpenOrder.
Gain complete inventory oversight. Track the quantity and value of inventory by location and accurately log material transfers in your accounting system.
Read More About OpenMaterials.
Accelerate invoice approvals and payment with cloud-based digital field ticket management.
Read More About OpenTicket®
Digitize and automate invoice processing and approvals with oil and gas enterprise accounts payable software.
Read More About OpenInvoice®.
Save time and reduce costs with a single streamlined solution to handle joint venture and AP invoice approvals in one system.
Read More About JIBFlow
Maximize the ROI of your OpenInvoice solutions with our team of technology and industry experts.
Read More About Professional Consulting Services
Discover
About Enverus
Resources
Follow Us
© Copyright 2024 All data and information are provided “as is”.
