The Unique P2P Needs of the Upstream Oil and Gas Industry [PRO]

P2P in the oil and gas industry

Given the dynamic nature of the oil and gas industry, various information and technology providers have emerged to support the B2B e-commerce requirements of this extended supply chain. In addition, the emergence of cloud computing, mobile devices and the need for complex but easy-to-use functionality, such as field tickets support, has created a need for oil and gas firms to look for better industry support from incumbent procure-to-pay (P2P) providers — coupled with industry-specific providers that span the range from tablet-based applications purpose-built for the field to broader cloud-based applications and networks. In this two-part Spend Matters PRO research brief, we explore some of the unique P2P needs of the oil and gas industry in terms of application functionality and broader technology and services requirements. The focus will be on core P2P, but we’ll touch on ancillary areas as well.

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