Forest Oil is to deploy Wellogix’ Complex Services Management (CSM) e-business solution in a pilot project to improve its purchase to pay process.
Forest’s Scot Woodall said, ‘Paper invoices place a tremendous burden on our administration and field personnel. An electronic invoice solution could allow us to take advantage of possible savings from early payment and will let operators spend more time on value adding activities. We selected CSM following a comprehensive review of the market for oil and gas e-invoicing systems.’ Forest will use CSM core modules for invoice processing and to speed payment. The solution will also help with Forest’s Sarbanes-Oxley compliance.
Wellogix also announced a joint marketing agreement with SAP. The companies will launch a ‘global effort’ to market a joint industry solution to automate the procurement process. The agreement will bundle mySAP SRM and other SAP procurement tools with Wellogix CSM suite. SAP’s NetWeaver will provide the integration platform and a ‘Powered by NetWeaver’ logo. Marathon Oil adopted Wellogix’ NetWeaver-based solution last year (OITJ Vol. 9 N° 9).
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