Case Study

Independent Energy Company Automates Payment Process and Sees Major ROI

Independent Energy Company Automates Payment Process and Sees Major ROI

THE BUSINESS This independent energy company is focused on the exploration, exploitation, acquisition, and production of natural gas and crude oil primarily concentrated in the Williston Basin of North Dakota and Montana and the Green River Basin of Wyoming and Colorado. The business realized it could significantly benefit from minimizing the number of accounts payable and revenue checks they were initiating by transitioning to lower-cost electronic payments. This would allow them to integrate their Excalibur financial system with their bank payment system, improve cash forecasting capabilities, and form better relationships with their suppliers. After reviewing proposals from multiple prospects, the energy company chose Corcentric Payments as the solution to streamlinin

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