COUPA FOR OIL AND GAS
Fueling Far-Reaching Efficiency and Savings
Now more than ever oil and gas companies need to streamline processes and increase profitability—and Coupa is the perfect tool. With widespread economic uncertainty, fluctuating global markets, and supply risk increasing pressure across far-reaching supply chains, it’s time to bring spend management under a single perspective for greater visibility and control.
Coupa’s cloud-based software platform enables oil and gas companies to manage spend for their entire operation in one place, increasing efficiency and reducing risk across the board. With Coupa cloud-based oil and gas software, it’s easier to keep distant suppliers of critical parts and emergency services happy, increase on-contract spend for compliance and savings, and ensure global operations run smoothly.
Coupa Oil and Gas Benefits
Keep Spend On-contract
Funnel all your purchases through Coupa to keep spend on-contract and increase savings right away with better deals on the things you’re already buying. Plus, Coupa’s spend management platform rolls out quickly and is so easy to use, employees can get started with little to no training
Reduce Down Time
Give field-based managers the ability to approve and track invoices and POs in real time, on site, anywhere in the world. Say goodbye to slow paper-invoice processing, disgruntled suppliers, and profit-eating downtime. All managers need is a mobile device with email—no need to log in.
Manage Supplier Risk
Coupa makes it easy to keep spend on-contract and ensure regulatory compliance, by showing approved vendors and contracted items at the time of requisition or purchase. Manage supplier information including safety and EH&S certifications, and send POs and invoices all via the Open Business Network™.
Insights to Reduce Overspend
Give managers real-time budget visibility and spend tracking from any mobile device, anywhere for better accrual forecasting. Manage budgets better by coding PO- and non-PO-backed invoices with asset ID, well unit number, JV division of interest, main/sub account, lease number, project, and AFE.
"With Coupa’s cloud-based delivery model, you get the benefit of ongoing innovation without software and infrastructure maintenance tasks. From sourcing and purchasing to automated, touchless invoicing, Coupa has solutions that create real savings for energy and oil & gas companies in every area of the market."
— Zamanbek Mirzayanov, global procurement director at KMG Rompetrol
Employees can get what they need quickly and for less, with suppliers bidding for your business. That’s Coupa Sourcing.
An easy-to-use system that directs employees to preferred vendors and contracts? It’s called Coupa Procurement.
Increase efficiency, stop pushing paper, and capture early payment discounts. Sounds like savings.