Actian
Case Studies
Streamlining Invoicing and Improving Cash Flow at Superior Energy Services with IoT
Overview
Streamlining Invoicing and Improving Cash Flow at Superior Energy Services with IoTActian |
Sensors - Gas Sensors Sensors - Utility Meters | |
Equipment & Machinery Oil & Gas | |
Procurement Sales & Marketing | |
Personnel Tracking & Monitoring Time Sensitive Networking | |
System Integration | |
Operational Impact
The adoption of the Actian Business Xchange platform brought about significant operational improvements within Superior Energy Services. The standardization of invoicing processes and the use of Actian BX to submit invoices saved time and money for the business units within Superior. The platform's flexibility and compatibility with any ERP system made it a seamless integration into the company's diverse IT infrastructure. The time savings and efficiency gains produced a groundswell of enthusiasm within Superior, with many business units that initially resisted the change becoming advocates for the platform. This shift in attitude and the subsequent operational improvements have helped Superior Energy Services improve its cash posture and reduce its DSO, thereby enhancing its financial stability in the volatile energy sector. | |
Quantitative Benefit
Reduced overall days sales outstanding (DSO) by nearly 20% | |
Improved cash flow enabling the firm to weather the ups and downs of the energy sector with less disruption | |