On average, 30% of a company’s invoice spend data is trapped on attached PDFs, making accurate spend analysis difficult.
On average, 30% of a company’s invoice spend data is trapped on attached PDFs, making accurate spend analysis difficult.
Enverus OpenInsights, a spend analytics solution, provides operators visibility into goods and services spend at a granular level.
Get the insights your supply chain team needs to strategically source materials, manage vendors and optimize collaboration between your supply chain and operations.
Enverus offers regional market price indices for every category—chemicals, proppant types, mesh sizes or OCTG. You can use these market indexes to gain an understanding how your company has performed in different categories compared to the market.
Operator uncovers cost-saving opportunities with spend analytics.
In 2014, a leading North American E&P company, set out to make its internal supply chain a driving force in managing supplier agreements and costs for better cost predictability. The company needed to access its spend data to make decisions on purchasing and uncover cost-saving opportunities. Organizing and categorizing invoice data proved difficult due to the complexity of how goods and services are managed.
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