For the Compton Petroleum Corporation, each day an oil well is not in production equals thousands of dollars in delayed revenue. In order to minimise the time involved in the Decision to Drill process, the Alberta, Canada-based company needed a solution to improve its business processes and shorten the timeline from initial scope to production.
After exploring vertically oriented solutions designed for the oil and gas industry as well as enterprise content management (ECM) solutions that could automate paper processes, Compton Petroleum realised it needed a solution that provided the flexibility to meet the organisation’s business processes without requiring fundamental operating changes.
That’s when the company selected OnBase, Hyland Software’s ECM solution suite.
“Whatever we pull out of the ground, we can sell,” says Paul Parzen, manager of IT, risk and audit. “Any days you can trim off your cycle from concept through to having a well on production is money in your pocket. . . . OnBase captures the essence of what IT must bring to the table for business – solutions that allow the business to execute more efficiently and faster, with better information.”
With OnBase, utilities companies:
OnBase enables utilities companies to meet the needs of each department – including Accounting and Finance, Human Resources and Legal – with one easily supported application, letting them start with a single department or solution and expand as time, goals and budget permit.
Speed up your finance and accounting processes by adding OnBase to your organisation. OnBase promotes faster inter-departmental processing, better decision-making and allows other departments and locations to share critical information
Optimise contract management by streamlining every step of the process; by removing paper, your processes are more efficient and secure, saving time and money
Seamlessly integrate your human capital management (HCM) system with OnBase so employees can easily and instantly access both prospective and current employee documents and information directly from within the application.
Utility company digitises records management, mitigates risk