Oil, Gas & Energy
See Ivalua's Supplier Management Solution in Action
Procurement and Supply Chain Management in the
Oil & Gas Industry
With persistent global volatility and uncertainty around demand, production and pricing, oil, gas and energy industries are being challenged to continue evolving operating models to achieve more efficient and predictable output while continuing to lower cost structures. Production assets are the biggest determinant of cost and output, keeping these lean and high performing is paramount.
Procurement and Supply Chain leaders need to manage all spend including direct and CAPEX, ensure compliance to complex contracts, deeply collaborate with suppliers, streamline field operations and subcontractors, all of which have an impact on efficiency and cost.
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Proven, Reliable Partner for Oil, Gas, and Energy Leaders
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Ensure Supply Chain Visibility and Management
- Simple and quick supplier self-registration, qualification, and onboarding
- Collect and validate information including certifications, qualifications, and financials
- Suppliers have complete profile, information, and transaction management capabilities
- Structured and stringent review of supplier and sub-tier supplier risk including safety practices
Improve Cost Performance
- One platform to manage all spend: Direct, CapEx, Indirect, MRO and Services
- Supplier selection & analysis capabilities with target price & cost modeling
- Define, manage, and collaborate on simple to complex sourcing projects
- Seamlessly capture terms, service level agreements, and pricing with Contract Management
- Leverage category management for 360° visibility and strategic planning
Automate and Implement Agile Processes
- Efficient supply workflows to comply with stringent requirements and extended supply chain
- Enable suppliers to take early payments for discounts to ensure fiscal viability
- Reduce costly manual processes through automated PO and invoices
Ensure Reliable Source of Supply
- Improve collaboration and transparency with suppliers
- Ensure material availability, plan accordingly, and secure your supply chain needs
- Utilize forecast functionalities to collaborate and give visibility into planned expenditures
- Manage Asset and Tooling budgets and lifecycles collaboratively with suppliers
Ivalua customers see immediate and sustainable results
Suppliers registered for oil and gas engineering firm
Disconnected Contract Management tools, replaced by 1 for $6B oil and gas company
Spend under Management
Action plans managed and monitored annually for water and energy company
SAP instances integrated to Ivalua Platform
We chose the Ivalua solution because of the breadth of its functional footprint and its modularity. In addition, users from the pilot program particularly appreciated the ease of use and intuitive design of Ivalua. Veolia uses the Ivalua platform to meet the reporting needs of the executive management team, while better-serving our Procurement community. Ivalua helps us to enhance the automation of data exchange and to share purchasing repositories and data in a user-friendly tool
The Analysts Agree - Ivalua is a Leader
Additional Resources
Ivalua Recognized as a Leader in the Gartner Magic Quadrant for Procure-to-Pay Suites 2020
Veolia Strategic Sourcing Complexity Simplified and Transformed with a User-Friendly Platform
The Value of a Complete, Unified Source-to-Pay Suite
Learn More-
Digitize All Source-to-Pay Processes
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Manage All Business Spend Management Categories
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Improve Transparency & Master Data Quality
