Williams Taps into Early Pay Discounts, Reaps Big Savings, with the Help of Oildex Spendworks

Challenge

Efficiently processing thousands of invoices before they become past due, with limited staff

Williams is the 10th largest natural gas producer in the United States and specializes in developing non-conventional reserves from tight sands, coalbed and shale formations. It's primary production areas are in the Piceance, Powder River, San Juan, Fort Worth and Arkoma basins, as well as a presence in Pennsylvania's Marcellus Shale. One of its most active areas has been the Piceance Basin in Colorado and, Williams was finding it hard to stay on top of its invoice processing. Indeed, for its Piceance Basin activities alone, in 2008, Williams was processing up to 9,000 invoices each month, and many of those invoices were falling into past-due status. Williams, like many large energy companies, was wrestling with an inefficient invoice process. In 2008, with its rig count growing and its number of suppliers increasing in Parachute, Colorado, Williams recognized that a change was needed.

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