Company Overview
Talos Energy is a leading offshore energy company focused on oil and gas exploration and production.
Headquarters
Houston, TX
Employees
100 - 500
Website
https://www.talosenergy.com/home/default.aspxValue as a service
$200M+
Spend under Management
400%
Increase in Spend Visibility
90%
Decrease in Invoice Cycle Time
Challenge
Manual processing was slow and vulnerable to maverick spending.
Paper-based systems and ad hoc PO numbers were inefficient and costly.
Lack of visibility impacted operations of drilling platforms as well as their maintenance and repairs.
Results
Ease-of-use enabled adoption by managers.
Added visibility allows spend consolidation and identifying sourcing opportunities for cost savings.
Pre-approved spend and e-invoicing has enabled automated 3-way match and posting of accruals.
“Our platform operations now run more smoothly, while spend visibility and control helps our reporting and our bottom line.”
— Christie Bourque, Procurement Lead
