energy overview

The energy industry is comprised of all of the industries involved in the production and sale of energy. Industries that fall under this category include utilities companies and distributors (gas, electric, water, etc.), pipeline or energy distribution related companies, oil & gas related industries, and other sectors focused around the energy industries.

Industries include (but are not limited to):

  • Energy / utilities
  • Oil & gas

Some examples of companies that could benefit from Upside Software's product suite include:

  • Utilities companies (gas, electric, water, etc.) including distributors.
  • Pipeline or energy distribution companies.
  • Drilling, mining, pipeline, refineries and distribution companies and related service companies.
  • Other sectors focused around the energy industry.

Business challenges being faced by the energy industry include:

  • Fierce competition globally.
  • Consolidation, globalization and deregulation.
  • Changing consumer expectations.
  • Increasing demands and tighter budgets from customers.
  • Staffing and other cutbacks necessary to stay competitive.
  • High capital spending results in reduced cash reserves.
  • Joint venture agreements need constant monitoring and administering.
  • Higher energy costs.
  • Unstable market fluctuations (commodity pricing).

Business benefits realized from the implementation of Upside Software's product suite include:

  • Best in class contract management that reduces duplication of data entry means increased efficiency in procurement package creation and decreased cost and resource expenditures.
  • Workflow processes that correctly navigate contracts through the approval lifecycle means standards and regulations are adhered to, improved compliance with business processes and reduced errors.
  • Automated forms that collect and translate vital information means more useable data, increased business intelligence and data utilization.
  • User-friendly application screens mean streamlined data capture and processing, thereby empowering users to do higher value activity / work and increase output while reducing costs.
  • A streamlined and automated procurement process making performance and speed the driving factors, thereby increasing proficiency and efficiency, improving focus on core competencies, reducing effort and resources, improved decision making / vendor selection and performance reporting.

The following case studies highlight the successful implementation of Upside Software's product suite and the return on investment that our customers have benefited from:

Case Study - Oil & Gas Pipeline Company uses UpsideContract

Case Study - Large Public Utility Company uses UpsideContract

Solution Deployment Options Include:

Additional Information

  • Check out our Resource Center for white papers, case studies and other useful information.
  • See our list of customers.
  • Contact Us with any questions you may have or to request additional information.