PROACTIS Extends its Presence in the Oil & Gas Sector
Australian Worldwide Exploration (AWE) is the latest in a long line of oil exploration companies to select PROACTIS Purchase-to-Pay to streamline its purchasing processes and gain greater control and visibility of indirect spend.
Those already seeing the return on their PROACTIS investment include ROC Oil Co Limited, Addax Petroleum and Harouge Oil Operations.
As a rapidly growing business with oil and gas interests in Australia, New Zealand, Indonesia, Yemen, Vietnam and Argentina, it is important for AWE to ensure that all spend goes through the correct authorisation procedure and managers have visibility of this spend early on in the buying process.
AWE will gain this control and financial transparency through PROACTIS P2P which will be integrated into their SunSystems finance package, by current provider and accredited PROACTIS reseller, Eclipse Australia. In addition to managing the Purchase-to-Pay process with PROACTIS, AWE will be using the Stores module to record and control stock items, such as drilling equipment. It is common for organisations to purchase new goods without realising that they already have them in stock. For AWE, the items they purchase are usually low volume but high value so having visibility of this stock can result in big savings for the company.
