OpenContract PriceBook is a comprehensive platform designed for decentralized oil and gas operations to manage price books, agreements, pricing changes, and terms & conditions. It streamlines price validation, enhances compliance, and optimizes spend through advanced analytics and reporting.

Key Features

Centralized Price Management

• Single platform for creating, tracking, and compiling price books and agreements
• Automatic price validation and compliance checks

Spend Optimization

• Pricing reporting and spend analytics
• Custom cross-functional reporting for complex pricing and spend tracking

Supplier Collaboration

• Built-in price negotiation tools
• Access to the largest oil and gas supplier network

Integration Capabilities

• Seamless integration with OpenInvoice, OpenTicket, and OpenOrder
• Three- and four-way matching for invoices, field tickets, and orders

Benefits

Improved Pricing Compliance

• Single source of truth for price agreements and terms
• Reduced errors and improved pricing compliance without audits

Enhanced Spend Control

• Visibility into compliance with general ledger reporting
• Spend Analytics for comprehensive procurement spend analysis

Time and Cost Savings

• Automated price validation workflows
• Streamlined invoice approvals and payments

Supply Chain Risk Mitigation

• Input Price Lock-in feature to set purchase price thresholds
• Protection against volatile commodity prices