OpenOrder is a digital procurement solution designed specifically for the oil and gas industry. It streamlines the purchase order process, enhancing spend visibility and control without hindering operations. The software offers flexibility in issuing, approving, and tracking procurement of services and materials, linking to coding and AFE line items for improved financial management.

Key Features

Digital Purchase Order Management

• Create, approve, and track purchase orders within OpenOrder or integrate with external systems
• Link orders to coding and AFE line items for accurate financial tracking

Spend Visibility and Control

• Monitor committed costs before orders are received
• Track purchasing upfront for improved budgeting and forecasting

Supplier Collaboration

• Connect to a network of 40,000+ active suppliers
• Enable suppliers to accept, reject, or counter-offer orders

Automated Workflows

• Automate compliance checks and invoice workflows
• Facilitate three-way and four-way matching between contract, order, receipt, and invoice

Flexible Order Types

• Support quantity-based and amount-based orders
• Include freight and surcharge line types

Integration Capabilities

• Rich two-way APIs for integration with external reporting and workflow tools
• Pair with other Enverus solutions for a seamless procure-to-pay process

Benefits

Improved Financial Management

• Increase spend visibility and control
• Enhance budgeting and forecasting accuracy
• Reduce processing overhead and rogue spending

Operational Efficiency

• Streamline procurement processes
• Automate manual tasks and compliance checks
• Accelerate order-to-invoice reconciliation

Enhanced Supplier Relations

• Improve communication and collaboration with suppliers
• Simplify supplier onboarding and order management

Industry-Specific Solution

• Tailored for the unique needs of oil and gas companies
• Flexible configuration options to suit different operational requirements