Today’s Oil and Gas and Oil Field Services companies are facing a number of long-term challenges to replace and grow reserves, manage aging assets and improve return on capital. These challenges are magnified due to worker and experience shortages as more than 50% of the O&G professionals are expected to retire in the next 10 years.  Pega, the market leader in both Business Process Management (BPM) and Case Management, offers a range of solutions to meet these needs of today’s Oil and Gas organizations. 

For example, complex pricing and contracting structures inherent in the energy industry make it challenging to consistently capture, invoice, and collect all revenue. Disconnected IT infrastructure and disparate distribution processes, that span multiple geographies, further compound the problem. Leading edge Oil and Gas companies are implementing new solution strategies to stop revenue leakage and in the process are discovering hidden revenues often resulting in the recovery of millions of dollars. Given the capital outlays and size of most companies in the energy industry even a small leakage in revenue can significantly impact cash flows and margins.

Addressing these challenges requires significant automation of the underlying processes. Pega’s Smart Work Management solutions can help effectively manage a constantly changing workforce of full or part time employees and contractors that need to be trained and deployed quickly across a number geographies and time zones.

The Pega platform does not replace existing legacy applications, but allows management to effectively integrate these tools, and other corporate solutions like SAP, into company best practices workflows and business processes.  This gives the knowledge worker the appropriate information and actionable workflows at the “right time,” without the complexity of getting into each of the point applications for a given business process.  The PEGA directed workflows result in faster and more successful completion of the business processes.

Through effective rules based invoice reconciliation, Pega’s solutions can also help dramatically curb capital leakage by reducing the manual effort spent reconciling between consumption capture, pricing, and billing systems. The Pega solution is built to address frequent changes in pricing, terms and conditions, and different service level agreements which may vary by contactor and geography.

Major Benefits

• Increase revenue from assets
• Rapid capture and execution of the line business's processes
• Reduce capital leakage through effective invoice reconciliation
• Capture and distribute information from maturing knowledge workers
• Rapidly onboard/off board workers
• Increase productivity through automated service levels and Smart Work Management
• Automated and enhanced regulatory compliance