Centralize Across Regulated and Non-Regulated Entities
Energy and Oil/Gas companies are facing an increasing number of complexities ranging from state and federal regulations, compliance issues and even financial risks. Energy organizations are expected to be capable of accurately tracking, analyzing, and reporting on their actions, and these expectations can become further complicated if the company is involved in joint ventures, or outside entities and organizations
Challenges derived from these expectations can leave energy organizations susceptible to risks and open to costly errors, which is why energy companies have been turning to Prodagio to help conquer these challenges with solutions that:
- Centralize payments and contracts across various regulated and commercial entities reducing paper, lowering cost and gaining visibility
- Centralize and Automate the terms of complex Commercialization Agreements, Licensing Contracts and Procurement Agreements
- Help manage the creation and management of Patent Licensing Contracts, which govern the sale and distribution of patented technological innovations and inventions
- Aids in the timely creation and approval of standard sales contracts that are consistently and reliably compliant with organizational policies and regulatory requirements, frequently without legal involvement
- Brings visibility and foresight into long-range partner agreement terms and complex financial and non-financial obligations
Complete visibility into the accounts payable department and contracting department will allow you to meeting these complex challenges and operate at your most productive level
Prodagio Software Helps you Plan and Prepare
With a number of clients in the energy and oil/gas market, Prodagio understands what it takes to get your business processes operating at their most productive level. Our solutions provide complete visibility into your accounts payable and contracting operations. This visibility allows you to plan and prepare for upcoming milestones and obligations, enhances purchasing effectiveness, and improves the ability to manage risks, strategic relationships, and performance. Prodagio solutions can automate even the most complex business processes helping you to enforce business processes and driving down risks and errors.
The following are featured benefits that our clients receive from Prodagio solutions:
Invoice Automation Decreases Risks and Drives Down Errors
- RoboProcessor Rules Engine enforces business rules and prioritizes invoices for payments, eliminating the risk of missed payments
- Hooks into any ERP system and gives 100% visibility into your complete AP processes and workflows
- Reduced invoice cycle time and visibility into deadlines allows you to take advantage of early payment discounts
- Helps save money by reducing paper and decreasing errors
- Imaging automation reduces processing approval time of invoices, allowing you to process higher volumes of invoices in a shorter amount of time
Contract Management Creates Control and Enforces Compliance
- Manage and control the creation of even the most complex contracts
- Can hook into your ERP system providing the flexibility needed to communicate with finance and operations to assure billing occurs at the correct time and for the proper amount
- Track future financial and nonfinancial obligations through automated reminders
- Central repository stores all correspondences over the contract’s life, and is critical to supporting milestone billing
- Integrated accountability aids in regulatory compliance and reduces potential for errors, skipped steps or fraud