Name
Workrise
Description
Workrise – the source-to-pay solution built for energy – is committed to breaking down barriers to create a more connected energy ecosystem. By combining purpose-built software with expert teams, Workrise empowers energy operators, service companies, and field personnel to work better together to streamline how projects are delivered in the field.
As both the industry’s leading supplier of labor services and a provider of strategic vendor and supply chain management solutions for energy companies, Workrise has deep firsthand experience with the S2P process. The fractured, overly complicated, and error-prone journey from sourcing and evaluating new vendors to verifying and paying for completed work in energy has plagued the industry for so long that most energy companies currently use eight or more separate tools to manage this process.
Workrise believes the S2P lifecycle is both a critical challenge for the industry and an opportunity to improve efficiency, safety, and cost savings for operators and suppliers. The company recently launched Workrise Vendor Management, which combines purpose-built technology and expert services to connect the entire S2P process, and capture each with five core capabilities: Vendor Discovery, Onboarding, Safety & Compliance, Payments & Invoicing, and Data & Insights, with a sixth capability in Managed Vendor Services providing expert eyes and helping hands all along the way.
More recently the Austin, Texas-based company, which partners with more than 300 energy firms in the US and Canada, launched Bid Management — a powerful add-on that streamlines competitive bidding for operators and their suppliers by allowing Vendor Management customers to request quotes, receive bids, and compare those bids all in one place while capturing valuable data at the outset of the source-to-pay process.
As both the industry’s leading supplier of labor services and a provider of strategic vendor and supply chain management solutions for energy companies, Workrise has deep firsthand experience with the S2P process. The fractured, overly complicated, and error-prone journey from sourcing and evaluating new vendors to verifying and paying for completed work in energy has plagued the industry for so long that most energy companies currently use eight or more separate tools to manage this process.
Workrise believes the S2P lifecycle is both a critical challenge for the industry and an opportunity to improve efficiency, safety, and cost savings for operators and suppliers. The company recently launched Workrise Vendor Management, which combines purpose-built technology and expert services to connect the entire S2P process, and capture each with five core capabilities: Vendor Discovery, Onboarding, Safety & Compliance, Payments & Invoicing, and Data & Insights, with a sixth capability in Managed Vendor Services providing expert eyes and helping hands all along the way.
More recently the Austin, Texas-based company, which partners with more than 300 energy firms in the US and Canada, launched Bid Management — a powerful add-on that streamlines competitive bidding for operators and their suppliers by allowing Vendor Management customers to request quotes, receive bids, and compare those bids all in one place while capturing valuable data at the outset of the source-to-pay process.
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