Oil, Gas and Energy

With persistent global uncertainty about output levels, demand and pricing, reducing costs and third party spend is crucial for traditional Oil, Gas and Energy companies to stay profitable.

Production and operations in the oil, gas and energy sector are typically high-cost, high-risk and capital-intensive. Effective management of safety, deep collaboration with field suppliers and engineers, and reducing supplier risk is crucial to optimizing performance. Procurement professionals in Oil, Gas and Energy companies require governance to ensure contract compliance, adherence to processes and develop sustainable supplier relationships.

Further, strategic procurement teams can drive significant value across the entire organization by enabling stakeholders to take a project approach to site development, engineering and construction activities. A solution that can streamline complex sourcing activities, increase transparency and efficiency in procure-to-pay processes crucial to process excellence.

The Definitive Oil, Gas and Energy Guide

 

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Energize Processes
with Better Spend Management

 

  • Centralize Procurement Globally
  • Reduce Maverick Buys; Ensure Finance and Operational Compliance
  • Manage Complex Sourcing
  • Reduce Down-time; Enable Remote Engineers and Suppliers
  • Meet Procurement Demands from Complex Projects—construction, site development, exploration, refining, etc.

Ivalua’s Advanced Oil, Gas & Energy Functionality

 

Realize Savings
& Conserve Cash
  • Spot Sourcing of requests within preferred suppliers
  • Spot awards to Suppliers with best site availability of inventory, personnel and performance
Automate End-
To-End Processes
  • Field Service Request estimate based PR and PO process initiation
  • MSA and Blanket Order based purchasing
  • Assets and Tooling
Enable Agility
& Innovation
  • Supplier access to contracted items and rates for service estimation
  • Sourcing of services (square footage drilled) or goods (e.g. drill bits)
  • “Nothing is Impossible” Workflow
Improve Control
& Lower Risk
  • Stringent review of Supplier safety practices
  • Monitoring of Supplier credentials, machinery
  • Review skills and performance of supplier staff, sub-contractors
  • Audits

Ivalua helps Oil, Gas and Energy Companies Innovate

Ivalua customers see immediate and sustainable results

 

72,000 users

For a power generation company

10,000

Online Contracts or a major Oil & Gas company

95%

Spend under Management

1000+

Actions and Savings Plans by a environmental services company

Integrates

with 30+ SAP systems

Proven – Reliable Partner for
Oil, Gas and Energy

Ivalua customers are among the leaders and top performers in their industries. Since 2000 they have been using our solutions to create sustainable value from automating end-to-end processes, improving control and lowering risks, and enabling agility and innovation.

We retained Ivalua not only for the adaptability of the tool, but also for the attentiveness, responsiveness and flexibility of their teams.

— Renaud Perriguey – EPC Business Project manager