BXSupplierConnect

In Oil and Gas, the relationship between operators and their suppliers is continually evolving. As operators adopt new technologies and streamline the cash flow process, they are increasingly mandating that suppliers be able to conform to standards passed down from internal standards committees, third-party e-commerce portals or organizations like PIDX international. These standards are often enforced in business transactions between two entities. Invoices, Purchase Orders, Field Tickets and many other documents must arrive in a format that each back office can easily process so as to not disrupt cash flow.

Suppliers are often saddled with the burden of conforming to customers' standards. From inbound purchase orders to outbound invoices, they can end up with a significant number of varying standards and protocols to deal with. Even worse the accounts receivables team may be doing double entry into an accounting package as well as into a third-party portal. Double entry increases labor hours and errors drastically. Ultimately cash flow gets disrupted and operations suffer. Suppliers need to be able to conform to any customer standard, track documents, reduce labor, reduce errors and decrease days sales outstanding (DSO).

Pervasive BXSupplierConnect is a managed Web-based data exchange service that enables Suppliers to send and receive business information electronically in a seamless, timely and secure manner regardless of their enterprise system. It takes information from one company, translates it to their trading partner's format, and then delivers that information precisely where it's needed.

Through Pervasive's BX Single-File service you only need to enter your accounting data in one system and we will distribute and receive electronic documents with all of your customers.

BXSupplierConnect utilizes Pervasive BXOnboarding to significantly reduce customer on-boarding times. BXOnboarding is a combination of technology, process, and people with over a decade of experience specific to the Oil and Gas industry.

The benefits of Pervasive BXSupplierConnect include:

• Capability to track every invoice with every customer
• Drastic reduction of days of sale outstanding (DSO) with electronic invoicing
• Ability to receive and deliver your preferred file format (PIDX, EDI, XML, CSV, etc.)
• Submission of a single invoice file that turns into individual invoices for each customer
• Potential to free up IT to focus on other initiatives
• Reduction of errors and rejects commonly found with manual invoicing