Digital Oilfield Inc. (DOI) has released OpenContract 2.0 to simplify workflows in contract management. OpenContract enables E&P companies and their suppliers to streamline contract management processes and to reduce processing for more than 80% of incoming invoices.
OpenContract 2.0 is an Internet-based solution to automate and improve the processes supporting strategic pricing relationships. OpenContract is integrated with DOI’s flagship product, OpenInvoice, which automates the paper-driven processes associated with invoicing. DOI president Rod Munro said, “Strategic sourcing and master pricing agreements used to be difficult to track and monitor. With OpenContract, companies can implement ‘field to ERP’ invoice processing, confident that pricing complies with strategic agreements.”
EnCana, Anadarko Canada and Nexen have formed a partnership to standardize and automate financial and operational processes with their suppliers through implementation of DOI’s OpenInvoice solution. EnCana CIO Hayward Walls said, “When suppliers and operators trust and embrace the same technology for something as fundamental as tracking, generating and processing invoices, you have established a platform that provides tremendous opportunities for improved industry practices.”
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