Your firm knows exactly what’s going on underground, but do you know exactly what’s happening above the ground? More specifically, do you know what you’re buying, who you’re buying it from and what price you’re paying? And do you know where all your inventory is? Do you know when all your assets require maintenance? You may not have good answers for any of these questions. We work with oil and gas companies to give them spend intelligence in real time. In fact, the answers we provide one oil and gas client is helping them reduce costs by $6.5 million per year.
Curb maverick spending with Locked-in Pricing
Verian Technologies allows your staff to connect directly to online vendor catalogs that have negotiated terms built in. Because purchasing is now captured in one place, you have confidence knowing the right vendors are being used and the right terms are being honored. This visibility and accountability practically eliminates maverick spending. If time permits, you can even send selected vendors an RFQ to drive down costs even more. Learn More.
Never Lose a Shipment with Online Inventory Tracking in Real Time
Verian Technologies software solutions include a robust and automated inventory management system. The system fills the record-keeping gap by automatically creating an electronic record when you receive inventory. It then tracks inventory movement across locations – including warehouses and other storage areas – so you prevent wasteful purchasing of items you already have on hand. For one oil and gas company, Verian was able to setup “virtual” inventory checkpoints on a multi-leg journey from Texas to India. Learn More.
Reduce Downtime with Automated Scheduling and Part Ordering
Verian creates an automated maintenance management system (MMS) that takes the complexity out of the maintenance process – and the reporting that follows. The centralized system gives instant access, visibility and reporting of: scheduled maintenance, technician maintenance time, part usage, quantity on hand, equipment-specific downtime and more. Learn More.
Get 100% AFE Visibility in Real Time
Verian Technologies creates a centralized purchasing database that can be accessed from any computer or smart phone. Want to know how much has been spent and how much remains on an AFE? Done. Want to track spending on a well-by-well basis? Done. Want to see who is ordering off an AFE and what they are buying? Done. It is so easy and simple because everyone from the lead operator on a platform to the accounts payable rep sitting in an office is now connected to the same information. There is complete visibility to every line item of every AFE.
In addition, each request can route through an electronic approval process that is sent to pre-determined staff members. Learn More.
Watch a video that explains how automation works in the oil and gas industry.