Actian Case Studies Data Integration and PIDX Standards Improve Orders-to-Cash Cycle

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

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

Actian

Technology Category	Analytics & Modeling - Process Analytics Application Infrastructure & Middleware - Data Exchange & Integration
Applicable Industries	Oil & Gas
Applicable Functions	Procurement Sales & Marketing
Use Cases	Predictive Replenishment Process Control & Optimization Supply Chain Visibility
Services	Software Design & Engineering Services System Integration
Challenge	Pinnergy, a diversified energy services company, was struggling with an outdated, manually-driven invoicing process.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. Read More
About Customer	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. Read More
Solution	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. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Process Analytics

Application Infrastructure & Middleware - Data Exchange & Integration

Applicable Industries

Oil & Gas

Applicable Functions

Procurement

Sales & Marketing

Use Cases

Predictive Replenishment

Process Control & Optimization

Supply Chain Visibility

Services

Software Design & Engineering Services

System Integration

Challenge

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.

About Customer

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.

Solution

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.

Impact #1	Accelerated invoice delivery to customers by more than 80% for more than 45% of invoices
Impact #2	Improved reporting accuracy
Impact #3	Reduced rework and time-to-resolution

Impact #1

Accelerated invoice delivery to customers by more than 80% for more than 45% of invoices

Impact #2

Improved reporting accuracy

Impact #3

Reduced rework and time-to-resolution

Benefit #1	Reduced AR aging by approximately 10 days

Benefit #1

Reduced AR aging by approximately 10 days

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Overview

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

Operational Impact

Quantitative Benefit