Business Process


All posts for Business Process

With extensive expertise in the oil and gas sector, TouchstoneEnergy are quick at getting to the heart of business challenges and identifying solutions that add value

TouchstoneEnergy's experienced energy sector consultants are helping oil and gas operators and non-operators across the globe use business process automation to drive measurable growth, increase controls, and improve compliance. Our services and systems bring together financial accounting, manageme ...

Marcus Kelly - TouchstoneEnergy


Posted 2 days agoPress > TouchstoneHoustonNorth America +9

TouchstoneEnergy is the only Oil and Gas IT consultancy supplying fully automated joint venture accounting processes

TouchstoneEnergy's Joint Venture accounting module automates joint venture cost allocations, streamlining approval and billing workflows. It makes cost recovery a quick and easy process giving both internal stakeholders and JV partners confidence that the figures presented are accurate. EnergyFlow ...

Marcus Kelly - TouchstoneEnergy


Posted 14 days agoPress > TouchstoneoracleFinance +10

TouchstoneEnergy is establishing a real footprint in Texas!

TouchstoneEnergy business unit head Peter Davis is in Houston this week with Sarah Davis and David Singh, networking with existing TouchstoneEnergy clients and being introduced to more organisations who are looking to streamline their business processes. TouchstoneEnergy is the leading business sys ...

Marcus Kelly - TouchstoneEnergy


Posted 22 days agoPress > HoustonTexasNorth America +9

TouchstoneEnergy signs leading independent global energy broker

TouchstoneEnergy was approached by a leading international commodities & energy broker to upgrade & enhance their back office financial management systems The new client has a worldwide presence as one of the largest independently owned brokers for traders, fabricators, producers, consumers, merc ...

Marcus Kelly - TouchstoneEnergy


Posted 29 days agoPress > TouchstoneCommoditiescommodity trading +10

Egyptian Exploration & Production operator aims to save US$1.5 million by improving their AFE process.

The Operator aims to improve compliance and reduce overspend by as much as 100%; which could result in an annual saving of up to US$1.5 million. Integrating your people and processes with AFE-Automation delivers total expenditure control for the Oil industry. TouchstoneEnergy's business process ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > EgyptNorth Africaexploration +8

This is why TouchstoneEnergy are leaders in the finance systems space for Oil and Gas

Providing customers with real-time visibility of AFE expenditure and automated Joint Venture Cutback & billing with AFE Automation. Your AFE workflow should comply with your internal process; your process should not have to conform to a system workflow. No matter how complex or straightforward yo ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > Touchstoneexpenditureexploration +8

Paper-intensive processes are proving to be a massive expense for the Oil and Gas industry – and a colossal waste of resources

Read on to discover how TouchstoneEnergy are streamlining financial operations for energy industry & keeping the Oil flowing..! A volatile oil price, capital intensive projects and constant change in regulation means that oil and gas companies are constantly fighting margin pressures. Inefficien ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoPress > TouchstoneHurricane EnergyExploration and Production +8

TouchstoneEnergy, the leading Oil and Gas IT consultancy explains how they saved a North African Oil and Gas Operator $1.5 million by automating their Approval For Expenditure process

North African Oil and Gas Operator aims to save $1.5 million by tracking AFE spend The Problem – AFE budget overspends This North African operator has been experiencing a problem that is common to many E&P companies – being the ability to accurately track AFE budgets and associated expenditure. ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoPress > ConsultancyexplorationProduction +8

Seven Energy International opts for a Cloud based solution from TouchstoneEnergy to improve business process management

Manual Business Processes Were Slowing Business Expansion for Seven Energy International The challenge: Automation of manual business processes to facilitate increased productivity and delivery of real-time and relevant information to users. The solution also needed to give better visibility to a ...

Marcus Kelly - TouchstoneEnergy


Posted 3 months agoPress > TouchstoneBusiness ProcessNigeria +8

Heritage Oil improves compliance and supplier relationships with a Spend Management solution from TouchstoneEnergy

Heritage Oil prioritised key payments, improved supplier relationships and accelerated responses to urgent opportunities without compromising on compliance. Strict compliance in the Oil and Gas Industry means that Heritage Oil must have good control of where its money is spent and with whom. Audi ...

Marcus Kelly - TouchstoneEnergy


Posted 3 months agoPress > Heritage OilTouchstoneUpstream oil and gas +8

6 Simple Steps to transform Spend Management for Oil and Gas Companies

Are you transforming your business processes? Now's the time to take a fresh look at Spend Control. If you don't, you could fall short of the very goals you're trying to achieve Just suppose you wanted to reduce costs and yet you missed an opportunity to save hundreds of thousands of pounds? Wh ...

Marcus Kelly - TouchstoneEnergy


Posted 3 months agoPress > TouchstoneCostCosts +8

How are Upstream Oil & Gas companies succeeding in this volatile and highly competitive environment?

The ‘lower for longer' oil price has forced upstream Oil & Gas companies to look hard at their costs. Every industry faces pressure to transform and we all know that transformation begins by aligning an organisation for greater effectiveness. We also know that this can largely be achieved by pla ...

Marcus Kelly - TouchstoneEnergy


Posted 4 months agoOpinion > TouchstoneSOCO Internationaloil price +6

Why Oil & Gas Companies should be conducting yearly process reviews

Don't let another year go by without taking action to improve your existing financial and business processes During the initial stages of many software implementations and software review projects, TouchstoneEnergy frequently recommends that our clients & prospects engage in a Business & Systems ...

Marcus Kelly - TouchstoneEnergy


Posted 4 months agoPress > TouchstoneExploration and ProductionBusiness Process +7

The Oil & Gas industry is truly leading by example when it comes to Cloud Computing

"Cloud Technology is helping to integrate vital business components so that the right answers are delivered to the right people, at the right time and in the right way” says Peter Davis, Business Unit Head, TouchstoneEnergy The ‘lower for longer' oil price has forced upstream Oil & Gas compani ...

Marcus Kelly - TouchstoneEnergy


Posted 4 months agoPress > TouchstoneSOCO InternationalOil Price predictions +7

Seven Energy International streamlines their process controls with the help of TouchstoneEnergy

Manual Business Processes Slowing Business Expansion Less than half of all international Oil & Gas companies are using automated business processes. Why..? Because most Finance and IT leaders are unable to deliver automation due to a lack of investment in enterprise systems and a reluctance to ...

Marcus Kelly - TouchstoneEnergy


Posted 5 months agoPress > TouchstoneexplorationProduction +7