Asset or Obstacle?
Will Technology Support Oil & Gas Procurement Teams During Operation Epic Fury?
Despite AI and cutting-edge procurement technology, contractor verification is a top challenge for 44% of procurement teams.
Here is how procurement technologies are helping, and holding back, oil and gas procurement teams during Operation Epic Fury.
Veriforce is the world’s largest network of hiring clients and contractors. Every day, businesses in high-hazard industries count on us to make sure the right people manage the risks.
40
Years partnering with industry
3,200
Hiring clients
140,000+
Contractos
140+
Countries
Advanced Technology.
Persistent Problems.
What Is Really Going On?
High Procurement Technology Adoption
Today’s procurement teams use the latest and greatest tools and technologies. These are their top three priorities.
Adopting contractor management technology
Integrating automation and AI
Assessing cybersecurity risks
Yet the Same Problems Persist
Primary challenges in contractor compliance and lifecycle management.
4.7
Average number of tools to conduct contractor assessments
Compliance and procurement teams are juggling spreadsheets, databases and more just to manage their workflows. It is time to implement a unified solution for greater efficiency.
“Companies that continue to rely on isolated spreadsheets will find themselves looking in 15 different places to find up-to-date contractor data or a current MSA.”
Josh Ortega
Vice President, Safety, Sustainability, and Procurement, Veriforce
Contractor Management Technology Is a Force Multiplier
A unified data platform such as Veriforce’s Contractor and Supplier Risk Management solution can speed up sourcing, leverage automation and AI, and mitigate risks faster.
Verification today
1-2 Business Days
1-2 Business Days
→
With a unified platform
< 1 Business Day
< 1 Business Day
