The oil and gas industry is now in a situation where it has to call upon business process improvement specialists, since economic pressure is more and more present. In other words, companies working in this field have to keep doing more with less and less resources.
They also need to adapt to new demands such as the implementation of “green” technologies to protect the environment, and the upgrade of outdated infrastructure. The oil and gas industry needs to maintain its profitability by finding new ways to reduce costs and increase revenues. This is where business process improvement companies come into play. By improving their business processes, oil and gas companies can cut into unnecessary costs and optimize their productivity and profits.
Oil and gas companies do business with many clients and providers all around the world. Of course, this means that a lot of invoices are generated every day and that these companies could benefit from an electronic billing system that could help them save both time and money.
Indeed, switching to electronic billing helps reduce the risk of human error, cut into the costs pertaining to paper invoices, as well as treat more data with a lot less resources.
Although implementing this type of system can seem costly on a short-term scale, it can be a very effective way to reduce costs in the long run for all the major oil and gas companies.
One of the best examples of accident we can think of regarding “green” or environmentally friendly technologies is certainly the explosion that occurred on BP’s Deepwater Horizon platform that caused the oil spill in the Gulf of Mexico.
This disastrous spill had a major environmental impact, but it also pushed the major players in the industry to take action and prevent a comparable catastrophe to ever happen again. In order to do so, one must be able to have access to real-time data and be able to quickly assess it. Business process improvement can help companies to handle data more effectively, improve communication between all their departments and automate specific production tasks. Workers can then obtain information quickly, regardless of the time of the day or their location.
Several business management process systems offer features that considerably reduce the risk of human error and facilitate equipment maintenance and inspection, in order to avoid equipment failure and prevent this type of scenario from ever happening again.
The oil and gas industry would benefit from automating its processes in order to remain profitable and be able to face the new challenges that are constantly coming up.
Indeed, although their profits are continuously rising, alternative energy sources are discovered and are becoming increasingly popular. Oil and gas companies have no other choice to automate their processes, if they want to reduce management costs and keep their leading position on the market.
Contact us today to learn how you could save on management costs by automating your business processes.