Houston, Texas: The Petroleum Industry Data Exchange, Inc. (PIDX) announced today that SAP Ariba has joined the organization as a member. As a member of PIDX, SAP Ariba will now be able to help drive the agenda for the development of PIDX standards to meet the digital integration needs of all buyers, suppliers and eCommerce Networks in the Oil & Gas Industry.
“The most intelligent enterprises are built on smart, connected supply chains, and digital networks are the foundation on which they are built,” said Mark Bruno, Director, Energy and Natural Resources, SAP Ariba. “SAP Ariba is pleased to be joining forces with PIDX to drive standards that enable companies across the Oil & Gas industry to collaborate across the entire source-to-settle process in a simple, transparent manner and make a positive impact not only on their business, but the world around them.”
SAP Ariba is the world's largest business network, connecting more than 3.4 million buyers and sellers in 190 countries – including 15 of the top 20 Oil & Gas companies - around more than $2.1 trillion in commerce on an annual basis.
PIDX is an “enabler” of discussions wherever there is interest or energy within the oil and gas industry for new electronic business opportunities to facilitate industry wide solutions or standards that increase efficiency and reduce costs.
“Data is the new currency,” Bruno continued. “Leveraging digital networks and the intelligent technologies underlying them, companies can draw meaningful insights from the data living in their supply chains and use them to make more intelligent decisions that propel their businesses forward. We look forward to partnering with PIDX to facilitate adoption of these technologies and fuel this transformation in the Oil & Gas industry.”
PIDX as a platform is able to capture and facilitate whatever electronic business initiatives arise from its members that need a proper legal and anti-trust framework to govern cooperation and collaboration between member companies.
“Digital transformation and interoperability is on the immediate agenda of all companies in Oil & Gas,” said Chris Welsh, Chairman of the PIDX Board. “PIDX International welcomes SAP Ariba as a member and looks forward to its contribution in developing a new wave of standards required to support the digital transformation of the industry.”
Benefits of membership for SAP Ariba includes participation on the Executive Committee, opportunities to sponsor projects, help steer the direction of PIDX, and contribute to lasting Oil & Gas e-business standards.
About SAP Ariba
SAP Ariba is how companies connect to get business done. On the Ariba Network, buyers and suppliers from more than 3.4 million companies and 190 countries discover new opportunities, collaborate on transactions and grow their relationships. Buyers can manage the entire purchasing process, while controlling spending, finding new sources of savings and building a healthy supply chain. And suppliers can connect with profitable customers and efficiently scale existing relationships – simplifying sales cycles and improving cash control along the way. The result is a dynamic, digital marketplace, where over $2.1 trillion in commerce gets done every year. To learn more about SAP Ariba, visit www.ariba.com
Based in Houston, Texas, PIDX standards serves both the upstream, midstream and downstream segments of the Oil & Gas industry. PIDX is comprised of Oil & Gas industry standards leaders who work together to facilitate eCommerce since 1987, and is committed to continuing the development of technology, information and business process standards that allow the effective and efficient implementation of eCommerce on a global scale.
PIDX holds three conferences annually: the U.S. Fall & Spring conferences and the European conference. The U.S. Fall Conference is October 15th in Houston, Texas.
To learn more about the Ambassador program or upcoming PIDX conferences, please contact firstname.lastname@example.org.
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