Magnum Forge works with midsize upstream companies to large independents in the exploration and production industry. We lead successful ERP selections and implementations everyday in the upstream industry. Our experts specialize in multiple software applications including P2 BOLO, EMK3, Enertia, P2 Excalibur, P2 Merrick, OGsys, Oildex, Oracle (with Enterprise Upstream), Peloton (LandView, RigView, WellView, SiteView, ProdView) Quorum Upstream Suite, Red Dog (AFELink, EnergyLink, JIBLink), SAP, P2 Land (Tobin Enterprise Land), Waterfield, and Wellcore.
E&P eInvoicing Selection and Implementation
Automation matters where accounts payable (AP) are involved, and the business case in support of eInvoicing is a relatively easy one to make. Electronic processing of AP invoices reduces administrative costs, reduces spending through efficiently capturing early payment discounts), reduces spending through adherence to contract pricing, and ensures better control over cash flow and working capital. As convincing as these benefits are, they don’t include the improved visibility and dramatic improvements in accuracy and financial analytics that an accounting department can realize through the deployment of eInvoicing.