For a $1 billion company with $500 million of expenditures, effective eCommerce implementation can result in savings of up to $35 million in process efficiencies and $50 million per year in the cost of goods. On top of monetary savings, OFS Portal’s approach has also shown process improvement success. There are fewer errors and more time saved by using a standard that can be tracked. By providing spend visibility, the entire purchasing process is much more finely tuned, and participants have found that this is critical for their strategic sourcing plan.

Implementing eCommerce produces a proven reduction in day sales outstanding for the Supplier and in invoice accuracy for the Operator. OFS Portal’s content services makes it easy, providing Operators with a common framework across 80% of its spend.

BENEFITS TO OPERATORS

For a $1 billion company with $500 million of expenditures, effective eCommerce implementation can result in savings of up to $35 million in process efficiencies and $50 million per year in the cost of goods

BENEFITS TO SUPPLIERS

Implementing eCommerce produces a proven reduction in day sales outstanding for the Supplier and in invoice accuracy for the Operator. OFS Portal’s content services makes it easy, providing Operators with a common framework across 80% of its spend.

BENEFITS TO NETWORKS

We understand the global view in Upstream Oil & Gas.  Our Members transact across the globe with the world’s largest Operators and can help a Network establish its presence in even the most remote regions.  OFS Portal understands how the unique business processes of the global Upstream Oil & Gas Industry affect the design and implementation of eCommerce solutions.

BENEFITS TO IT CONSULTANTS

We understand the global view in Upstream Oil & Gas; our Members transact across the globe with the world’s largest Operators and can help a Network or Consultancy Practice establish its presence in any of the regions where our Members are transacting.

Implementing eCommerce produces a proven reduction in day sales outstanding for the Supplier and in invoice accuracy for the Operators – OFS Portal can help you implement a successful eCommerce program

Contact Us

Have questions or need more information?

GET IN TOUCH WITH US