OIL & GAS

CPRS Dominates Oil & Gas Industry, Auditing 25% of U.S. Refining

With complex contracts and heavy MRO and CapEx expenses, oil and gas companies demand precision in their Source to Pay (S2P) processes. CPRS provides a pipeline of pre-pay and post-pay recovery solutions, as well as Active Invoice Review, identifying “silent costs” before payment happens. Rely on the most experienced company auditing the Oil & Gas industries.

Industry Demands

S2P Precision

The need for S2P precision is sector-wide, but rarely found across all corporate teams. In fact, a recent survey* found that, for nearly 75% of energy industry leaders, a large majority of their S2P projects were not delivered on budget. In addition, 94% of leaders reported invoice rejections due to errors. CPRS identifies errors and overpayments, creating tailored recovery solutions that also minimize future mistakes.

High CapEx & MRO Expenses

While oil and gas sectors are amidst the long transition from fossil fuels to renewables, CapEx expenses remain high for new construction while MRO expenses continue unabated and may increase due to aging infrastructure.

Complex Contracting

The size and complexity of the energy sector often dictates a complex contracting environment. This is enhanced by new, renewable energy providers and can turn competitors into partners, leading to even more complexity.

CPRS Solutions

Pre-Pay Recoveries

Post-Pay Recoveries

With over three decades of experience in billing validation and system improvements for the oil and gas industry, CPRS has the most skilled audit team in the field.

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