Verian Signs Three New Oil & Gas Industry Clients in Third Quarter
P2P Technology Leader Expands Footprint in Midstream and Downstream Sectors
Charlotte, NC (PRWEB) October 25, 2012
Third quarter results for Verian, the leader in universal purchasing and invoice processing systems, included signing two oilfield services companies as well as a mid-steam oil company. The three signings add to Verian's expanding client footprint in the oil and gas sector.
The oilfield services companies will implement configurations of Verian's flexible purchase-to-pay (P2P) automation software to streamline such functions as purchasing, invoice processing, asset management, vendor communications, and overall spend analysis. Implementation processes for these new clients include integrations with their enterprise resource planning (ERP) systems or primary accounting systems as needed.
Verian has provided P2P automation solutions to the upstream oil sector for more than a decade, making them a recognized provider among oil and gas exploration and production (E&P) companies worldwide. This significant industry experience and expertise is now attracting more attention from midstream and oilfield services companies as well.
Oilfield services companies deliver a wide array of technologies, products and services that support all stages of oilfield production. These organizations use Verian to track all purchases made in association with delivering services, and ensure those purchases are billed to clients in a manner that is consistent with the service agreement.
Midstream companies process, store, transport and market oil, natural gas and natural gas liquids. These organizations use Verian to gain better visibility and control of their spending on construction and maintenance projects. Verian allows them to easily identify the cause and amount of project overages as well as simplify the reconciliation of invoices for pipeline maintenance charges.
“We are pleased these oil field services companies have decided to join our Verian family of clients”, said Tehseen Ali Dahya, President and CEO of Verian. “We look forward to rolling out their solutions very soon, and supporting them with Verian's full complement of services.”
Verian is the leader in universal purchasing and invoice processing systems. Founded in 1997 with headquarters in Charlotte, NC, Verian helps clients in a wide array of industries control spending and enhance visibility by providing them with a single software platform to automate their entire purchase-to-pay process. Verian's broad and flexible product offering provides affordable, easy-to-use solutions that fit companies now – and when they change. Notable customers in industry segments such as energy, including oil & gas, retail, industrial, healthcare, financial services, government/non-profit and many others all trust Verian for intelligent purchase-to-pay automation solutions. Learn more at Verian.com.
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