We are moving into a modern workplace where live video streaming is quickly becoming the norm for communication. A perfect example is all the video meetings that take place thanks to services like GoToMeeting, WebEx and Zoom. But live video has other applications outside of regular meetings, particularly in incident response. The definition of Incident Response is an organized approach to addressing and managing the aftermath of an event. When responding to an incident at an oil pipeline, having a video-enabled communication system will not only help your company limit damages, but also reduce costs and recovery time. The days where still images were the only way of documenting an incident are over. Having a reliable, live video streaming system available in the field will soon be the norm for rapid incident response and resolution.

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The Oil and Gas (O&G) industry is usually slow to adopt new software technology. Many small- to mid-size exploration & production (E&P) companies simply cannot afford the complex business process management software that larger companies can when crude oil barrel prices are struggling to rise above $60bbl. Fortunately for O&G, as software matures, much like other technologies, it becomes less expensive for the masses. In regards to software companies use to manage their Health, Safety, and Environment (HSE or EHS) programs, it has gone mobile, which allows safety documents and procedures to come with you to the field without having to haul paper folders and files around. Let’s discuss how O&G companies can cut costs and improve outcomes by adopting mobile HSE management technology.

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After many months of speculation, the Organization of the Petroleum Exporting Countries (OPEC) has agreed to reduce oil production by 1.2 million barrels a day. According to Bloomberg, the deal almost fell through if it wasn’t for a phone call between Saudi Arabian Energy Minister Khalid Al-Falih and Russian Minister of Energy Alexander Novak. After Novak had agreed to reduce production by 600,000 barrels per day OPEC announced that they will make a cut to stabilize oil barrel prices.

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We’ve heard the saying many times before, time is money. The saying can be interpreted in many ways: it takes time and effort to earn money, wasting time is wasting money, having free-time is as good as money, etc. But in regards to businesses, accounts payable (AP) managers should interpret the saying to mean: the less time I spend on a task the more money I can save. The impact that invoice automation can have on a business that is processing dozens of invoices per day is immense. Saving time is just one reason why businesses need to automate invoice processing. Here are the top three reasons why businesses should utilize software for invoice automation.

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