Solution Designed to Improve Reconciliation of Invoices and Expedite Payments to Suppliers
HOUSTON; April 24, 2003 – Accenture and Wellogix Inc. have been awarded a multi-year contract to help Marathon Oil Company migrate to an electronic field ticketing system for its oilfield operations across North America.
Marathon plans to implement Wellogix’ e-Field-Ticket™ (eFT™) software solution, an online alternative to the manual field ticket process currently employed to record services performed by contractors. Wellogix’ collaborative software enables oilfield operators and their contractors to easily communicate and refine the complex, technical information required to deliver services to a well.
Accenture will integrate the eFT solution with Marathon’s back-office system, eliminating the need to re-enter data from oilfield operations. The eFT solution will enable Marathon to electronically reconcile field tickets with the corresponding contracts. Accenture is also developing communications, training and deployment plans to promote the eFT solution adoption within Marathon and will help the company develop a supplier-enrollment strategy.
“From our initial pilot it was evident this eFT process could eliminate errors in billing and improve the efficiency of verifying invoices by having it occur closer to the event,” said Michael Rawles, eProcurement and Business Process manager for Marathon. “Ultimately, it could even remove the need for an invoice. We have found the technology easy to use, and suppliers involved in the process found it effective for them as well, especially since it can shorten the purchase-to-pay time frame. In fact, suppliers that were not involved in the pilot have inquired as to how they could use eFT when working with Marathon. This process change will result in improved reconciliation, lower costs and expedited payment to suppliers.”
“Marathon understands the value of the eFT solution for both operating and capital expenditures, and this expanded, enterprise-wide implementation, will provide savings in many areas of Marathon’s purchasing,” said Ike Epley, chief executive officer of Wellogix. “By partnering with Accenture, Wellogix is expanding its ability to ensure that Marathon receives the maximum benefit from the use of its technology.”
“The difficulty in reconciling technical and financial information regarding oilfield services is pervasive throughout the industry,” said Terrence Gee, a partner in Accenture’s Energy industry group. “The Wellogix solution is designed to enable oil companies to improve the field service procurement processes. By recognizing this opportunity, Marathon should be able to realize significant operational and economic benefits.”
About Marathon Oil Company
Marathon is an energy company engaged in the worldwide exploration, production and transportation of crude oil and natural gas. Through Marathon Ashland Petroleum LLC, the Company also refines markets and transports petroleum products in the United States. For more information about Marathon, visit the company’s Web site at www.marathon.com.
About Wellogix, Inc.
Wellogix is a software technology company that enables oil companies and their service providers to remotely and collaboratively capture reservoir summary information, plan well design, and track well progress. By streamlining the communication processes, Wellogix software enhances the users ability to automatically and electronically communicate and negotiate technical and commercial aspects of field services; reconcile commercial awards, work tickets and final invoices; analyze data generated in the process to determine patterns, trends, and opportunities; and discover best practices and implement rules leading to continuous process improvement. Wellogix is headquartered in Houston, Texas. Visit the company’s Web site at www.wellogix.com.
Accenture is the world’s leading management consulting and technology services company. Committed to delivering innovation, Accenture collaborates with its clients to help them realize their visions and create tangible value. With deep industry expertise, broad global resources and proven experience in consulting and outsourcing, Accenture can mobilize the right people, skills, alliances and technologies. With more than 75,000 people in 47 countries, the company generated net revenues of $11.6 billion for the fiscal year ended August 31, 2002. Its home page is www.accenture.com.