Archive for August 5, 2009

Absoft Forms Software Alliance with ReadSoft

In a strategic move to target new business in the oil and gas sector, software consultancy Absoft has formalized a partnership agreement with ReadSoft, purveyor of software for document automation. The alliance sees the two companies offering a range of software designed to reduce costs and increase efficiency, primarily in the key administrative areas of invoicing and sales order processing.

Absoft, one of the UK’s largest independent SAP consultant firms, has just completed the installation of a ReadSoft automated online invoice scanning solution, ReadSoft Documents for Invoices, into offshore operator Total E&P UK’s SAP system. The E-invoicing solution allows invoice information to be accessed quickly and easily via Total’s intranet, reducing processing time and minimizing the risk of sensitive data being lost through manual error. Just two months after implementation, Total E&P UK was already matching 40% of materials invoices in its SAP system first time around.

Absoft Managing Director Ian Mechie commented: “We have worked with ReadSoft for some time now, but this agreement takes our collaboration to a new level and opens up significant market opportunities.

“In essence, we are combining ReadSoft’s proven document automation software in the SAP Purchase to Pay space with our SAP consultancy expertise, creating a proposition to improve process efficiency, reduce costs and enable users of SAP to gain greater business benefits from SAP,” Mechie continued. “There is clearly potential to apply this software across the SAP User Base, including the oil and gas industry, higher education and manufacturing, where Absoft already has a broad portfolio of clients.”

“ReadSoft is delighted with the developing partnership with Absoft, particularly in the area of integration of our services into SAP installations. Our combined expertise in helping finance departments achieve operational excellence through automation will result in real benefits for our joint customers,” said Simon Shorthose, Managing Director for ReadSoft UK. “Absoft’s significant experience across multiple industries can only be complemented by ReadSoft’s own history of success in these markets. We look forward to a long and successful partnership.”


August 5, 2009 at 4:04 am Leave a comment

WellEz Information Management Launches New Website

Houston-based WellEz Information Management LLC, an operations reporting solution company, announced the launch of their new website, The new site features in-depth information on the WellEz field reporting service for the oil and gas industry. It provides details on the WellEz reporting application, called WellEz.NET, and how the Web-based solution is used for reporting across the lifecycle of the well, from drilling to plugging and abandonment (P&A).

“We are excited to offer our clients and the energy community more information on our field reporting solutions, which are based on the Software-as-a-Service (SaaS) model,” said Charles Jeffery, President and CEO. “More companies are now adopting WellEz.NET as their field reporting platform owing to its cost-effectiveness as an operations reporting solution. Clients pay for only what they use during the time that they need the service, without having to install and maintain expensive field reporting software. Our clients have found that timely, effective reporting from the field reduces costs while increasing staff productivity and the quality of decisions. This is particularly true during drilling, completions and workover operations, when significant capital is being expended over a relatively short time frame, but is also valid during daily production. I invite our clients and friends in the industry to visit our new website to learn more about the value to be derived from using the WellEz.NET field operations reporting solution.”

The new website clearly explains how the WellEz.NET Web-based reporting solution provides insight into field operations for multiple roles in the typical oil and gas business, from the field to the back office. The basic technical concepts on the SaaS reporting architecture are also highlighted.

August 5, 2009 at 4:01 am Leave a comment

SMU, API Team Up to Develop Oil & Gas Leaders

SMU Cox Executive Education and the American Petroleum Institute announced an agreement that will blend the capabilities of both organizations to better prepare next-generation industry leaders for 21st century global energy demands. The new relationship will help the industry meet the changing leadership development needs mandated by today’s economic and business volatility.

“Being a global leader in oil and natural gas exploration and production requires forward-looking team leaders with the ability to manage near-term market challenges, while keeping their eye on the future,” said Jim Hackett, president, chairman and CEO of Anadarko Petroleum Corp. “Both API and the SMU Cox Executive Education programs represent high standards of excellence, and this collaboration has the potential to help develop the leadership capabilities that tomorrow’s successful oil and natural gas companies require.”

The new alliance will make SMU Cox Executive Education’s oil and gas programs available immediately to professionals at more than 400 API member companies. These programs include mastery in strategic leadership skills, strategic financial skills, and knowledge and management skills required by senior managers to tackle strategic, financial, leadership and operational issues.

It will also give SMU’s programs the benefit of the vast industry insight and knowledge resident in the API organization. By working together, API, through its API University, and SMU Executive Education provide powerful and unmatched leadership development opportunities to industry professionals around the world.

According to Frank Lloyd, PhD, associate dean of Executive Education at SMU Cox School of Business, three new trends have emerged that demand heightened excellence in oil and gas industry professional development. “First,” he said, “the demand for training in the ‘soft’ skills of leadership is outpacing that for ‘hard’ business skills like finance and accounting. In addition to delivering business results, managers at all levels are required to motivate and engage others, lead innovation and change, and make strategic decisions themselves.

“Second, developing these ‘harder’ leadership skills has become a strategic imperative that commands attention all the way to the CEO’s office. Finally, the interest is pervasive and extends to companies of all sizes in all parts of the world.”

“Our industry is at a crossroads,” said John Modine, API Director of Training and Certification Programs. “It will take leaders of extraordinary skill and wisdom to navigate the economic, regulatory and operational challenges facing the entire energy spectrum. Industry and technical certifications are a given, but these skills must be coupled with the ability to make wise decisions faster and more accurately. For that, leadership development is the key.”

Hackett agrees. “Affordable energy is fundamental to human existence, and training industry leaders to effectively address challenges and creatively find solutions is crucial in our continuing mission of finding and producing the energy resources our world needs.”

“Fortunately,” said Lloyd, “leading business schools are on the cutting edge of teaching the leadership skills that tomorrow’s oil and gas executives need to have a tangible positive impact in their companies’ successes. By combining forces with API, we at SMU Cox Executive Education continue to put the business squarely back in business school with a strong and targeted oil and gas focus.”

August 5, 2009 at 3:56 am Leave a comment

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