Drill Into Spend to Multiply Capital Efficiency With Enverus Source-to-Pay

Know what and where you’re spending to improve capital efficiency with transaction tracking from order to invoice on one platform, connected to the industry’s largest network of suppliers. Automate routine tasks to drive productivity with connected workflows designed for oil and gas procurement, operations and accounting.

One Source-to-Pay Platform, Made for Energy

Say hello to nimble, effective operations. With streamlined processes and increased automation, you can put manual work and process bottlenecks in your rear view. With increased collaboration across supply chain, operations, finance and accounting teams and suppliers, you’re ready for the road ahead. Gain a competitive edge that’s as valuable as the resources you extract.

Source

Contracts

Order

Inventory &
Transfer

Tickets

Invoice

Maximize Your ROI: Success Stories From Enverus Source-to-Pay Users

$1M

ANNUAL SAVINGS

Using Enverus RFx

After using our sourcing solutions for one year, one customer was able to save $1M+ by running competitive bids and renegotiating prices based on insights gained using Enverus RFx.

95%

INVOICE PAID-ON-TIME RATE

Using OpenInvoice®

After implementing OpenInvoice, NextEra Energy reported improving their invoice paid-on-time rate from 3% to 95%.

81%

SPEND CAPTURED

Using OpenContract PriceBook

Nextera captures 81% of its spend in OpenContract PriceBook, reducing spend leakage.

50%

FASTER VISIBILITY INTO LOE SPEND

Using OpenTicket

Jetta Operating Company Inc. experienced faster spend visibility into LOE and field ticket approval times.

HOURS SAVED WEEKLY

Using OpenInvoice

Discovery Natural Resources was able to automate 40% of its invoice approvals with no-touch invoicing, saving their AP department 40 hours per week.

35%

SAVED ON CHEMICALS

Using Enverus RFx

An operator in the Permian saved 35% on chemicals by using RFx to consolidate their supplier base from 13 to 2.

Hear From Industry Leaders on Why They Use Enverus Source-to-Pay

I think Enverus’ philosophy of having an entire source-to-pay system being able to hold all the data, and for it to actually be talking to each other from an item master data standpoint, is the probably the most value creation for an end user. Instead of having somebody extract data from ten different systems, and then put it into a data warehouse and create Spotfire or Power BI projects, it’s a lot easier for everything to be in one platform.

Mary Atkinson | VP Supply Chain, Grayson Mill

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I’ve been involved in upstream oil and gas operations for 35 years plus, and this suite of Enverus products does the best of any product that I’ve seen at accomplishing that ideal of pulling all this information together in an integrated platform. Everything looks the same, it feels the same – all different aspects of the organization that use the tool have their own piece to work with, yet all the information that’s generated and captured in that system is integrated.

Chris Pedersen | Principal, PlanMasters, LLC

Enverus has helped us automate where it makes sense. By getting rid of those manual touches, we’ve got the field having to do less paperwork. We’ve got an accounts payable staff that doesn’t have the amount of manual workload they once did because of the automation that we’ve been able to implement.

Mike Bechtel | Director of Operations Accounting , Chesapeake Energy

Why Enverus for Source-to Pay?

0k+

Active Suppliers on the Network

A Network Unmatched in Energy

Ensuring you find the right suppliers in your basin and territories.

Supplier Match Rate

Swift Onboarding

Expect a smooth onboarding process as many suppliers are already familiar with Enverus products.

Retention Rate

Your Technology Partner

We’re not just a software company – we’re your strategic partner invested in helping you achieve your goals.

Operators

Accelerate ROI

By connecting with 40K+ active suppliers transacting $200B in annual spend on the industry’s largest network.

Benefits of Enverus Source-to-Pay

Enverus is the largest energy-only focused software company in the world. More than 450 oil and gas businesses use our single Source-to-Pay solution to manage their source-to-pay processes. Every day, users across supply chain, operations and accounting teams use our single Source-to-Pay platform to source bids from suppliers, enforce price agreements, order goods and services, manage their inventory and process field tickets and invoices.

Manage Capital Wisely With Clear Visibility Into Spend

Our Source-to-Pay platform is specifically designed for the oil and gas industry. This means you don’t have to sacrifice operational speed for the accurate price compliance and financial tracking essential for driving capital efficiency. That’s right—you can have it all.

Focus on What Matters by Freeing Up Time With Automation

One streamlined workflow allows automation of time-consuming tasks like price validation and invoice approvals, freeing up teams to focus on critical activities such as strategic sourcing, jobsite safety and production.

Realize Value Faster

Enverus Source-to-Pay connects to the largest network of buyers and suppliers, making onboarding minimal. Operators typically find 80% of suppliers are already on the platform, accelerating the value you get from digital source-to-pay.

Connecting Your Teams on One Integrated Platform

C-Suite

Supply Chain

Operations

Accounting

C-Suite

Elevate your strategic oversight with Enverus Source-to-Pay. Our solutions automate procurement, enhancing decision-making speed and reducing administrative tasks. Gain comprehensive visibility into spending, enabling finance teams to focus on strategic initiatives and respond swiftly to market dynamics.

Supply Chain

Navigate costs, optimize supply.  Automated compliance checks ensure adherence to pricing agreements, minimizing spend leakage. Our streamlined processes create a centralized data source, enhancing decision-making and enabling competitive bidding for the best prices from approved vendors.

Operations

Streamline procurement so you can focus on what matters. Easily order supplies and track expenses against project budgets before invoices arrive. Reduce manual processes for ticket and invoice validation, allowing teams to concentrate on critical tasks while maintaining budget control and optimizing resource allocation.

Accounting

Financial accuracy meets automation.  Automate invoice approvals and price validations to expedite processing and reduce errors. Gain early visibility into spend for improved budget forecasting and resource allocation, all while maintaining a single source of truth for financial data across all teams.

Learn More About Enverus Source-to-Pay

Enverus is transforming oil and gas source-to-pay with an integrated suite that lets you automate workflows and access spend analytics from sourcing to payment on one platform, built for North American oil and gas.

Our platform empowers supply chain, operations, accounting and finance teams to save time, improve cost management and make more informed decisions.

Related Solutions

OpenContract® PriceBook

Save time with automated price validation workflows and optimize spend with price compliance reporting and spend analytics.

OpenOrder

OpenOrder, a purchase order software made for oil and gas, increases spend visibility and controls without burdening operations, with flexibility to issue, approve and track procurement of services and materials with a purchase order.

OpenMaterials

Gain complete inventory oversight. Track the quantity and value of inventory by location and accurately log material transfers in your accounting system.

Enverus RFx

Enverus RFx is an AI-powered sourcing solution that simplifies bid management, expands supplier networks and provides transparent insights into pricing and activity. Streamline procurement and focus on your bottom line with Enverus RFx’s advanced technology.

OpenTicket

Accelerate invoice approvals and payment with cloud-based digital field ticket management.

OpenInvoice

Digitize and automate invoice processing and approvals with oil and gas enterprise accounts payable software.

JIBFlow

Save time and reduce costs with a single streamlined solution to handle joint venture and AP invoice approvals in one system.

Instant Analyst™ GenAi

With Enverus Instant Analyst™, you receive answers you can trust, delivered in seconds. Sourcing from 25+ years of vetted data and research on the most trusted SaaS platform designed exclusively for energy.

Mineral Owner Support Services

Outsource mineral phone and print and mail, so your land and accounting teams can focus on critical work.

EnergyLink

EnergyLink software provides secure and convenient online access to oil and gas owner statements and account information — available 24/7.

Professional Services

Enverus consulting services are provided by a team of technology experts, designed to optimize customer usage and maximize ROI of their OpenInvoice solutions.

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