Data Integration and PIDX Standards Improve Orders-to-Cash Cycle

• 分析与建模 - 过程分析
• 应用基础设施与中间件 - 数据交换与集成

• 石油和天然气

• 采购
• 销售与市场营销

• 补货预测
• 过程控制与优化
• 供应链可见性(SCV)

• 软件设计与工程服务
• 系统集成

Pinnergy, a diversified energy services company, was struggling with an outdated, manually-driven invoicing process. Invoices moved from the dispatch system through customer signoff and then had to be entered into customers’ online electronic data interchange (EDI) systems. This process was tedious and involved significant duplication of effort and data, increasing the potential for errors and disputed invoices. As Pinnergy’s business grew, order management became more complex, with more customers and a higher volume of transactions moving through multiple applications with various data formats to support and no common standard for data exchange. The invoicing process became a bottleneck, resulting in high cost per transaction and high accounts receivable aging.

Pinnergy is a leader in diversified energy services and one of America’s largest regional independent oilfield service companies with operating locations in some of the most active oil and gas regions in Texas and Louisiana. Its portfolio of services includes Fluid Management, Drilling, Oil & Gas Waste Disposal and Rentals. These services enable Pinnergy’s customers to streamline processes and operate more efficiently and safely while reducing associated costs.

Pinnergy turned to Actian, the leader in trading partner enablement and business-to-business invoicing for the Oil & Gas industry. By adopting Actian Business Xchange, Pinnergy was quickly able to move large volumes of data flowing through the Orders-to-Cash process and convert it to the XML format specified by the Petroleum Information Data Exchange (PIDX). Pinnergy focused first on its top 16 customers, who not only represented 80% of its invoicing volume, but who also supported the PIDX as a common standard for EDI. This set the stage for seamless, efficient electronic business for Pinnergy with its entire trading community. Pinnergy started the process by creating invoices using data from its NetSuite ERP system. Once created, invoices could be easily formatted to any trading partner’s requirements across the PIDX standards. Actian Business Xchange and Actian DataConnect provided the ideal platform for data integration and transformation, with Extract, Transform and Load (ETL) support and seamless delivery of sales order data to any partner regardless of their accounting or other back-office systems.

• Accelerated invoice delivery to customers by more than 80% for more than 45% of invoices
• Improved reporting accuracy
• Reduced rework and time-to-resolution

• Reduced AR aging by approximately 10 days