Challenge: In the oilfield, the majority of invoices processed by exploration and production (E&P) companies are for complex services that cannot be specified in detail through purchase orders. Instead, invoices are created from “field tickets” that document the actual work performed in the field. The end result is that reconciling invoices to the field tickets and to contracts has been a largely manual process requiring significant time and effort from highly paid engineers and other technical staff. Streamlining and automating this process can significantly reduce the cost of invoice processing for the E&P companies and can also speed payment to service providers – creating a win-win situation for buyer and supplier.
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