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Save Time with Touchless Invoicing for Oil and Gas

  • Increase efficiency with automatic invoice coding validation and approval
  • Focus on budget analysis and cost control
  • Capture more early pay discounts

MOST INVOICES IN OIL & GAS ARE LOW VALUE

50%

Invoices in OpenInvoice
worth less than $1,000

80%

Invoices in OpenInvoice
worth less than $5,000

What is touchless invoicing?

Touchless invoicing with OpenInvoice automates invoice coding validation and approvals, reducing the number of manual touchpoints in the AP process. Any invoice under a specific amount specified by the operator is auto-approved, significantly reducing the AP processing burden.

Benefits of Touchless Invoicing

Do More
In Less Time

Automatic invoicing coding validation and approvals remove manual touchpoints from your approval process, speeding up the entire invoice approval cycle.

Focus On
High Value Work

Reducing the need for manual approvals gives you more time back to focus on high-value work like budget analysis and cost control.

Reduce
Processing Error

Coding validation between OpenTicket and OpenInvoice before auto-approval ensures your invoice has accurate information when it goes to your ERP for payment.

“We’ve fully automated 40% of our monthly invoice approvals, which saves us 40-50 hours per week – the equivalent of one full-time employee’s hours.”

– Candace Jaramillo, AP Supervisor, Discovery Natural Resources

How Touchless Invoicing Works

Step 1: The field supervisor verifies scope and quantity and approves the digital field ticket.

Step 2: The service provider submits the invoice to OpenInvoice for payment.

Step 3: The scope, quantity and price on the approved ticket are automatically validated against the invoice.

Step 4: If the ticket matches the invoice and is below the dollar amount specified by the operator, the invoice is automatically approved and submitted to the ERP for payment.

READY TO REDUCE YOUR AP PROCESSING BURDEN?

Learn how you can automate your invoice approvals and do more in less time by speaking to one of our experts today!