Energize Your Most Vital Business Relationships
In today’s more dynamic and globalized energy marketplace, formal contracts define nearly every business relationship and activity – from the disposition of material and equipment to the use of time and labor, the transport and sale of product, and often the turnkey activities of vital field operations.
Yet all too often oil and gas firms struggle with manual and obsolete contract management systems. The costs of those outdated methods are high: wasted administrative time and money, lost operating efficiencies, missed opportunities including loss of potential revenue, and greater risk to the organization and to executives.
This white paper describes the emerging generation of more capable, cloud-based contract lifecycle management solutions. It examines powerful trends driving oil and gas firms towards greater supply chain efficiencies, the elements in a modern contract management environment, and how best to implement such a solution.