Actian
Case Studies
Streamlining Invoicing Process in Oil & Gas Industry: A Case Study of Pinnergy and Actian Business Xchange
Overview
Streamlining Invoicing Process in Oil & Gas Industry: A Case Study of Pinnergy and Actian Business XchangeActian |
Sensors - Gas Sensors Sensors - Utility Meters | |
Electronics Oil & Gas | |
Logistics & Transportation Procurement | |
Inventory Management Last Mile Delivery | |
System Integration | |
Operational Impact
The implementation of Actian Business Xchange has brought about significant operational improvements for Pinnergy. The automation of the invoicing process has eliminated bottlenecks and rework efforts, improving order-to-cash cycles and customer satisfaction. The platform has also provided Pinnergy’s accounting and credit management staff with greater visibility of the entire order-to-cash process. Reporting is both timelier and more accurate, which helps Pinnergy deliver better customer service. The reduction in errors and disputed invoices has also led to smoother operations and less time spent on resolving disputes. Overall, the solution has enabled Pinnergy to streamline its processes and operate more efficiently. | |
Quantitative Benefit
Reduced invoice delivery times for onboarded clients by more than 80% | |
Reduced the average time to submit invoices for payment, which has reduced Pinnergy’s AR aging by approximately 10 days | |
Eliminated manual data entry, reducing Pinnergy’s per-transaction cost | |