Oil and Gas Industry Benchmark. A report on the disruption & future of oil and gas industry

Transcription

1 Oil and Gas Industry Benchmark A report on the disruption & future of oil and gas industry

2 Disruption is at the gates.

3 Time to make your move. Your market share is at risk Technology upstarts are invading Oil and Gas, armed with billions in funding and top-notch engineering talent. See how you stack up against your competition. Request your personalized report here P. 3

4 What do you do about it...when the cost of outdated process are costing you investing opportunities and the ability to protect market share...when your legacy processes are stifling your ability to react and adapt to the new volatile reality TRADESHIFT FINANCIAL SERVICES BENCHMARK

5 ...when your legacy internal technology is struggling to attract the young, savvy talent you need when in an attempt to keep up the pace, loosening the controls exposes compliance risk See how you stack up against your competition. Request your personalized report here P. 5

6 Make your business agile.

7 Reduce costs, increase cash flow. Leverage dynamic discounts and supply chain financing. Minimize incremental costs to maximize working capital. Ensure compliance and mitigate risk. Accomplish both with Tradeshift s easy-to-use and modern interface. Be 100% compliant and confident, even when navigating regulatory changes Use modern platforms to enhance business efficiency. Electronically connect and collaborate. Gain visibility to improve control and predictability. See how you stack up against your competition. Request your personalized report here P. 7

8 Reduce costs, increase cash flow Mapping your AP/Finance priorities to industry KPIs can help you identify which shifts in business processes can attain the highest business results. How do you stack up next to your top competitors KPI Laggard Your company Best-in-class Invoices per FTE 9,100 35,000+ Cost per invoice $17 < $5 % of Electronic Invoices < 20% > 65% % of spend eligible for discount capture 0% > 25% Work with us to identify opportunities to move the needle: Reduce cost of invoice processing by over 50% Manage overpayment, fraud, and other risks Enable early pay discount capture with initial savings of at least $250K per year TRADESHIFT FINANCIAL SERVICES BENCHMARK

9 Leverage eprocurement KPIs for business agility How, why, and when you buy factors heavily into business results. Are you controlling spend, while enabling employees to get what they need to produce results All the while monitoring risk and ensuring compliance KPI Laggard Your company Best-in-class Spend under management < 50% 90% % of catalog based spend < 15% < 45% Order cycle time > 16 hours < 5 hours Maverick spend < 15% < 4% Work with us to identify opportunities to move the needle: Reduce maverick spend Get greater visibility into costs Manage 100% of indirect spend See how you stack up against your competition. Request your personalized report here P. 9

10 The numbers say it all You ve seen some early benchmark data, but it s still generalized. We want to show you exactly how you could benefit and when you would achieve positive ROI. The next step is to provide us with your actual numbers, then we ll run a sophisticated business model for you to look over. Take the below numbers (based on industry averages) as an example. LEVER 1: SPEND COMPLIANCE Reduction in spending due to better compliance and improved spend capture LEVER 3: CASH MANAGEMENT Capturing more early-pay discounts LEVER 2: PROCESS EFFICIENCIES Overall A/P process efficiency & productivity Savings on supplier inquiries Reduction in exceptions Savings from PO automation Supplier catalog management LEVER 4: SUPPLIER COMPLIANCE Suppliers managing own information Savings from compliance monitoring Reduction in fines from supplier non-compliance eprocurement AP Automation Supplier Annualized Benefit Management TRADESHIFT FINANCIAL SERVICES BENCHMARK

11 Why are other Oil and Gas leaders choosing Tradeshift Tradeshift is a global network & platform that helps companies innovate the way they buy, pay, and work together. We re the only open network that s simple for employees, free for suppliers, and agile enough for the back office. What makes us different The future of the Oil and Gas industry is collaborative. Tradeshift helps your internal finance and procurement teams move beyond silos with a truly innovative global platform. Unlike other procure-to-pay platforms, you can connect once to all your employees and suppliers, and expand your processes with flexible apps that don t lock you in. Meet our investors: See how you stack up against your competition. Request your personalized report here P. 11

12 Tradeshift has developed an agile and intuitive platform for supplier management and has true potential to address a variety of other business needs, all within one elegant solution. Harshul Sanghi, Managing Partner, American Express Ventures. TRADESHIFT FINANCIAL SERVICES BENCHMARK

13 How Tradeshift works Faced with the challenges of digital disruption, enterprises need a modern way to work with all of their suppliers: one place that s connected, collaborative, agile and data-driven. A network platform built with suppliers at its core. Modern and modular business platform Tradeshift streamlines your business processes by creating one point of truth for all your P2P processes, and integrates with your existing ERP software like MS NAV, SAP, Oracle, or other back-end systems. Collaborative supplier network Getting all your suppliers connected and participating is critical to your supply chain s success. Boost your agility, capability, and onboarding with a proven track record of onboarding rates 75x faster than competitors. Business Apps for more flexibility and value Activate business apps that already exist on our open platform, or build custom apps with any of our partners, giving you a unified, extensible, sustainable solution. Save money and unlock value for your suppliers Increase your spend under management, boost process efficiency, and capture savings. All while building strategic relationships and collaboration with suppliers from every part of your supply chain. See how you stack up against your competition. Request your personalized report here P. 13

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