P2 Energy Solutions Case Study
Customer Company Size
Large Corporate
Region
- America
Country
- United States
Product
- P2 Workflow
- P2 Energy solution suite
Tech Stack
- ProcessMaker
- Low-code BPM and workflow software
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Productivity Improvements
- Digital Expertise
- Customer Satisfaction
Technology Category
- Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries
- Oil & Gas
Applicable Functions
- Discrete Manufacturing
- Procurement
Use Cases
- Process Control & Optimization
- Predictive Maintenance
- Cybersecurity
Services
- Software Design & Engineering Services
- System Integration
About The Customer
P2 Energy Solutions is a company that provides financial and accounting software to 1,700 oil and gas companies. The company's software supports billions of transactions across hundreds of thousands of wells. P2 Energy Solutions is based in Denver, Colorado, USA. The company's technology stack includes over 100 different software solutions. The company's software is used by oil and gas companies to manage their financial and accounting processes, including lease approvals, production volumes, and geological offerings. The company's software also has to comply with complex governance dictated by state and federal law.
The Challenge
P2 Energy Solutions, a provider of financial and accounting software to 1,700 oil and gas companies, was facing a number of challenges. Their technology stack included over 100 different software solutions and they required a workflow solution to complement these existing systems. The lease approval process was not connected to other processes and integration for production volumes often went to external software. Geological offerings were not part of traditional accounting packages and energy companies and their software had to comply with complex governance dictated by state and federal law. These challenges were hindering the company's ability to effectively manage and streamline their operations.
The Solution
To address these challenges, P2 Energy Solutions partnered with ProcessMaker to build P2 Workflow, an OEM solution powered by ProcessMaker. They embedded ProcessMaker into their previous solution suite to create P2 Workflow. They custom built notifications to ensure necessary data is updated and developed an effective IT risk management solution for customer system upgrades. They also made prepackaged workflows available for more than 20 common oil and gas processes and connected workflows across applications to solve customer requirements. P2 staff were trained in one week to quickly design and deploy their own workflows. All processes were unified in a central location to execute from one comprehensive platform.
Operational Impact
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