Having a strong understanding of company spending will allow Operators to negotiate better contracts with Suppliers. Visibility into spending patterns and budgets will also provide Operators and Suppliers the option to leverage additional cash flow by extending payment terms and forecast for the future. 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.
OFS Portal helps Operators and Suppliers successfully optimize their procurement processes for effectiveness and efficiency across their entire supply chains. Key to that success is the automation of P2P, which creates eCommerce efficiency and helps increase accuracy and transparency for both internal use and external partners.
BENEFITS TO OPERATORS
eProcurement automates the P2P process creating efficiency and increasing accuracy and transparency for both internal use and external partners.
BENEFITS TO SUPPLIERS
OFS Portal provides a common framework to implement eCommerce and makes it easier for an Operator to engage in business with you electronically.
BENEFITS TO NETWORKS
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
OFS Portal helps Operators and Suppliers implement eCommerce which provides benefits to both organizations, reducing expenses, increasing financial transparency and improving relationships for collaborative supply chain management.
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