Media Release: Is collaboration the key to surviving cost-cutting adversity?

Julian Keating, nSYS Services - Copy

BEGINS a spokesperson: “The oil and gas Industry continues to re-adjust to the falling price of oil. As a result of this, the main players in the industry are diversifying and starting to look at collaboration.

“Industry body, Oil & Gas UK, recently launched a taskforce with the aim of improving efficiency and collaboration in the oil and gas industry.

“This taskforce will focus on finding ways of optimising across three themes – business process standardisation, co-operation, culture and behaviours.”

Julian Keating, managing director of nSYS Services, believes the move is a step in the right direction but that more needs to be done to aid the recovery.

He said: “The aims of the task force sound eminently plausible and possible and there are definitely opportunities which will arise from the move. However, when you dig deeper, it appears that most of these good thoughts are on the operational side.

“When it comes to the back office, the plans for cost-cutting turn out to be more slash and burn than collaboration. To my mind, we need to apply the same focus on optimising and collaborating in this area too.”

Adds the spokesperson: “With the UK lagging behind its European and Scandinavian counterparts in optimising back office areas such as Purchase Management, Accounts Payable and Accounts Receivable, Julian believes it is an area which can have a huge impact on the recovery of the industry.

“These areas are where a lot of the money is tied up. Companies need a service which gives suppliers and customers direct electronic connectivity, the best-in-class processes and true collaboration across the supply chain.”

Continues Julian: “By bringing down processing costs across these areas it can potentially release hundreds of thousands of GBP, year-on-year, whilst also maintaining departmental control, gaining efficiencies and increased visibility across the board.”


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Granite PR contact details…

Contact: nSYS
Phone: 01224287610
Email: julian.keating@nsystems.co.uk
Website: http://www.nsystems.co.uk