Case Study: Fortune 500 Oil & Gas Company consolidates suppliers and streamlines contracts with Ivalua

Oil and gas Energy Company Drills Down on Spend

A Fortune 500 oil and gas producer operating across the southwestern U.S. was hindered by fragmented, service-heavy spend spread across thousands of small, local suppliers and MSAs. Procurement couldn’t leverage economies of scale, the operations team was overwhelmed, and supplier management and cost-savings opportunities were difficult to realize without disrupting field activity.

The company deployed Ivalua’s Supplier and Contract Management platform to centralize contracts and supplier data and enable integrated workflows across its distributed operations. The solution improved visibility and compliance, reduced the number of active supplier contracts, simplified negotiations and preferred-discounting, preserved supplier relationships, and delivered measurable bottom-line benefits.