Energy & Mining International - Winter 2016 - 10

+

INCREASED EFFICIENCY | COLUMNS

devices are more powerful and more
secure than ever, and they are ideal for
handling transactions from a job site or
remote location.
Many procure-to-pay solutions
include mobile support for Android
and iOS devices. The ability to route
invoices and routine paperwork for
approval via handheld devices shortens time-to-transaction even further.
Equipping field managers with wireless apps integrated into the procureto-pay system makes it possible to capture and share paperwork and invoices,
as well as approve payments and route
financial documents without having to
be at your desk.
Mobile technology also allows managers to make decisions that are more
informed by providing immediate access to invoice journals, contracts and
other attachments. They can even set
up alerts for various activities delivered right to their smartphone.

WHAT TO LOOK FOR
There are many moving parts to any
office automation system and no two
systems are seldom alike. So when
shopping for a procure-to-pay vendor,
you want to work with a company that
understands your business, and can develop a customized system that meets
your needs and integrates with your
existing financial and transaction platforms. Here are some questions to ask
when considering a solution provider:
1. Do they understand energy,
mining and exploration? The
company should have expertise in
the energy industry.
2. Do they offer a complete solution? You want a platform, not
point solutions. You don't want to
worry about integrating different systems, or paying someone
else to integrate different vendor

10 emi-magazine.com

Winter 2016

Finding the right procure-to-pay vendor requires research.

systems. There are too many variables and too many opportunities
for system failure.
3. Do they have customer references? You want an experienced
provider. They should have recognized names in their customer
portfolio, including customers
who will talk to you about their
experience. Awards they've
received from industry groups
and third parties also can be good
indicators of their credentials.
4. Do they have supplier references? Especially when working with
a vendor that offers a data exchange as part of its platform, you
want to make sure you are working
with a company that has the right
supplier relationships.
5. How good is their training and
customer service? Working with
a procure-to-pay solution provid-

er is a partnership. Be sure they
have the resources to train your
staff and deliver technical support
when you need it.
Operating efficiency relies on frictionless transactions. Removing paper
from business processes is the first
step. If you can automate all your transactions using an extensible platform
that can integrate directly with your
financial systems, then you are well on
your way to new levels of efficiency and
profitability. EMI
__
RICHARD SLACK is founder and CEO of
Oildex, the leading cloud-based financial
supply chain automation solution for the
oil and gas industry. He has more than 30
years of experience developing and marketing technology products for the oil and
gas industry. For more information, visit
www.oildex.com.


http://www.emi-magazine.com

Table of Contents for the Digital Edition of Energy & Mining International - Winter 2016

Contents
Energy & Mining International - Winter 2016 - Cover1
Energy & Mining International - Winter 2016 - Cover2
Energy & Mining International - Winter 2016 - 1
Energy & Mining International - Winter 2016 - 2
Energy & Mining International - Winter 2016 - Contents
Energy & Mining International - Winter 2016 - 4
Energy & Mining International - Winter 2016 - 5
Energy & Mining International - Winter 2016 - 6
Energy & Mining International - Winter 2016 - 7
Energy & Mining International - Winter 2016 - 8
Energy & Mining International - Winter 2016 - 9
Energy & Mining International - Winter 2016 - 10
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Energy & Mining International - Winter 2016 - Cover3
Energy & Mining International - Winter 2016 - Cover4
http://www.nxtbook.com/nxtbooks/knighthouse/emi_vol17issue4
http://www.nxtbook.com/nxtbooks/knighthouse/emi_vol17issue3
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http://www.nxtbook.com/nxtbooks/knighthouse/emi_vol17issue2b
http://www.nxtbook.com/nxtbooks/knighthouse/emi_vol17issue2a
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http://www.nxtbook.com/nxtbooks/knighthouse/emi_vol17issue1a
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http://www.nxtbook.com/nxtbooks/knighthouse/emi_vol16issue2
http://www.nxtbook.com/nxtbooks/knighthouse/emi_vol16issue1
http://www.nxtbook.com/nxtbooks/knighthouse/emi_2017winter
http://www.nxtbook.com/nxtbooks/knighthouse/emi_2017summer
http://www.nxtbook.com/nxtbooks/knighthouse/emi_2017spring
http://www.nxtbook.com/nxtbooks/knighthouse/emi_2016fall
http://www.nxtbook.com/nxtbooks/phoenix/emi_2016spring
http://www.nxtbook.com/nxtbooks/phoenix/emi_2016winter
http://www.nxtbook.com/nxtbooks/phoenix/emi_2015fall
http://www.nxtbook.com/nxtbooks/phoenix/emi_2015summer
http://www.nxtbook.com/nxtbooks/phoenix/emi_2015spring
http://www.nxtbook.com/nxtbooks/phoenix/emi_2015winter
http://www.nxtbook.com/nxtbooks/phoenix/emi_2014fall
http://www.nxtbook.com/nxtbooks/phoenix/emi_2014summer_vol2
http://www.nxtbook.com/nxtbooks/phoenix/emi_2014summer
http://www.nxtbook.com/nxtbooks/phoenix/emi_2014spring
http://www.nxtbook.com/nxtbooks/phoenix/emi_2014winter
http://www.nxtbook.com/nxtbooks/phoenix/emi_2013fall
http://www.nxtbook.com/nxtbooks/phoenix/emi_2013_summer_vol2
http://www.nxtbook.com/nxtbooks/phoenix/emi_2013summer
http://www.nxtbook.com/nxtbooks/phoenix/emi_2013spring
http://www.nxtbook.com/nxtbooks/phoenix/emi_2013winter
http://www.nxtbook.com/nxtbooks/phoenix/emi_2012fallwinter
http://www.nxtbook.com/nxtbooks/phoenix/emi_2012fall
http://www.nxtbook.com/nxtbooks/phoenix/emi_2012summer
http://www.nxtbook.com/nxtbooks/phoenix/emi_2012spring
http://www.nxtbook.com/nxtbooks/phoenix/emi_2012winter
http://www.nxtbook.com/nxtbooks/phoenix/emi_2011fall
http://www.nxtbook.com/nxtbooks/businessmedia/emi_20110607
http://www.nxtbook.com/nxtbooks/businessmedia/emi_2011summer
http://www.nxtbook.com/nxtbooks/businessmedia/emi_2011spring
http://www.nxtbook.com/nxtbooks/businessmedia/emi_2011winter
http://www.nxtbook.com/nxtbooks/businessmedia/ep_2011winter
http://www.nxtbook.com/nxtbooks/businessmedia/ep_2010fall
http://www.nxtbook.com/nxtbooks/businessmedia/ep_2010summer
http://www.nxtbook.com/nxtbooks/businessmedia/ep_2010spring
http://www.nxtbook.com/nxtbooks/schofield/ep_2009winter
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