Selecting a P2P Provider in the Oil and Gas Industry: Requirements and Market Segmentation [PRO]

gas rig

The oil and gas industry has unique requirements when it comes to procure-to-pay (P2P) solutions. In Part 2 of this Spend Matters research brief, we take a look at these specific needs, including electronic catalog setup within P2P, necessary capabilities for e-requisitioning and field ticket entry application tools. Today, we discuss the remaining requirements oil and gas companies need when it comes to a P2P solution and segment the P2P market. We also explain why we recommend oil and gas industry companies think about a “loose coupling” approach to selecting P2P solution providers as a means to support industry requirements.

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