Oil and gas companies have seen a huge increase in profits in the recent months due to high increases in the price of oil in the commodities market. However the industry is also trying to digest its recent acquisitions and ensure that any growth is ‘managed’, since high oil prices tend to invite the focus of governments across the world to try to bring them back down. Implementing shared services models and leveraging technology to increase productivity are mechanisms that the industry–at–large has adopted to manage growth. A centralized and streamlined corporate spend process is also a key element of that strategy.
Ketera provides companies in the oil and gas industry with the applications and services needed to control and reduce corporate spending at a low cost of ownership. Its on demand suite includes applications for spend analysis, sourcing, contract management, e–procurement, and payment & reconciliation. The combination of these hosted applications along with services such as implementation, supplier enablement and system administration allows organizations such as BP and Chevron to streamline their corporate spend and reduce their overall costs. |
