Executive Briefings

Quadrem's Invoicing Solution for Oil & Gas

Quadrem says that BHP Billiton Petroleum is improving its procure-to-pay process with the developer's new electronic invoicing solution for oil and gas upstream services. The solution, based on the American Petroleum Institute's PIDX standards, connects directly to BHP Billiton Petroleum's SAP system, and reportedly enables the oil and gas operator to rapidly and accurately pay invoices, analyze line level expenditure data, identify price discrepancies and promote purchasing that complies with corporate contracts.
"We're dramatically reducing the time it takes our engineers to reconcile invoices without having to make significant changes in our business processes," says Yusuf Dalal, world drilling finance advisor for BHP. "Additionally, Quadrem's automatic download to SAP eliminates five to six business days of work at the front end of the procure-to-pay process. These and other efficiencies, including the time saved using electronic delivery rather than regular mail, are enabling us to make important process improvements and compress payment cycles. Within the first month after implementation, we began to meet the goals we'd set."
"BHP Billiton has been an important customer for years on the mining side, and has experience with our ability to deploy effective supply chain solutions globally," says Charles Jackson, CEO of Plano, Tex.-based Quadrem. "As we've expanded our offering to the oil and gas industry, they and their suppliers have been instrumental in helping us resolve the challenges of complex services procurement that are common in oil and gas."
Visit www.quadrem.com.

Quadrem says that BHP Billiton Petroleum is improving its procure-to-pay process with the developer's new electronic invoicing solution for oil and gas upstream services. The solution, based on the American Petroleum Institute's PIDX standards, connects directly to BHP Billiton Petroleum's SAP system, and reportedly enables the oil and gas operator to rapidly and accurately pay invoices, analyze line level expenditure data, identify price discrepancies and promote purchasing that complies with corporate contracts.
"We're dramatically reducing the time it takes our engineers to reconcile invoices without having to make significant changes in our business processes," says Yusuf Dalal, world drilling finance advisor for BHP. "Additionally, Quadrem's automatic download to SAP eliminates five to six business days of work at the front end of the procure-to-pay process. These and other efficiencies, including the time saved using electronic delivery rather than regular mail, are enabling us to make important process improvements and compress payment cycles. Within the first month after implementation, we began to meet the goals we'd set."
"BHP Billiton has been an important customer for years on the mining side, and has experience with our ability to deploy effective supply chain solutions globally," says Charles Jackson, CEO of Plano, Tex.-based Quadrem. "As we've expanded our offering to the oil and gas industry, they and their suppliers have been instrumental in helping us resolve the challenges of complex services procurement that are common in oil and gas."
Visit www.quadrem.com.