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How an Energy Leader Optimized Vendor Collaboration and Cost Efficiency
A leading energy company operating in Canada, focused on exploration, production, and resource development.
An energy leader streamlined procurement operations using the ConvergentIS P2P solution to simplify purchase order processing, service entry, and vendor collaboration, standardizing workflows, reducing administrative burdens, and driving operational excellence.
- 01 Project Information
- 02 The Challenge
- 03 The Solution
- 04 The Results
PROJECT INFORMATION
An energy leader sought to streamline its procurement operations, focusing on simplifying purchase order processing, service entry, and vendor collaboration to address inefficiencies and high operational costs.
Leveraging a P2P portal, a tailored and lightweight procurement solution, the project introduced guided processes for service entry, procurement, and invoice management. This initiative aimed to standardize workflows, enhance collaboration with vendors, and significantly reduce administrative burdens, driving operational excellence across the organization.
The Challenge
The organization faced challenges with simplifying service entry, streamlining field services management, and improving vendor collaboration, all while aiming to reduce complexity and costs in procurement operations.
The Solution
ConvergentIS implemented a complete P2P solution that streamlined procurement processes. This lite version of SAP’s world-class Enterprise Procurement Applications offered robust capabilities in service entry, procurement, and invoice management. By providing guided processes and a standardized approach, the solution enabled PCC to simplify material and service procurement, enhance vendor collaboration, and achieve significant cost savings.
The Results
The solution delivered 30-50% cost savings through improved operations, achieved a 75% reduction in administrative efforts, and enhanced productivity in procurement workflows by 7 times, driving significant efficiency gains.
"Finally our vendors don't complain anymore about invoice payment but actually they're back to what we could all be doing we work to discuss what's happening in the field how we can improve there and the whole POPR invoice payment part just happens in the background."
Why ConvergentIS?
Our team comes from a variety of different operational backgrounds, meaning we understand how people work. We recognize SAP S/4HANA as an out-of-the-box solution that has successfully solved business problems across several industries. But we realize some work processes are still challenging to learn with so many capabilities available in SAP.
Leveraging the SAP design methodology, we have co-innovated with organizations to build solutions that match the way they work. Since many teams face the same problems, we packaged them and made them available as an out-of-the-box application. This means your business still receives many of the benefits of a tailored application without the cost of a custom solution.
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