18 December 2020
– Proactis, the spend management experts, has announced that strategic partner TouchstoneEnergy has helped Independent Oil & Gas (IOG) to go live with Proactis Purchase-to-Pay and Infor’s SunSystems Financial Management System.
IOG is a UK-based energy company that is developing a substantial gas project in the North Sea. As part of the project it became clear that the company needed to streamline its finance and procurement processes, so the decision was made to upgrade its systems.
After significant evaluation, IOG chose to partner with TouchstoneEnergy because of their experience and expertise with delivering similar systems and projects for other energy industry clients. The aim of the project was to provide IOG with automated purchasing processes, increased visibility of committed spend against budget, and to introduce electronic PO approvals and enhanced financial controls.
TouchstoneEnergy’s recommendation was to upgrade its Infor financial management system to the latest version and implement Proactis Purchase-to-Pay and Spend Management. Proactis would give IOG a user-friendly web-based application to support its purchasing processes for both capital and overhead goods and services spend, with dynamic and real-time integration with SunSystems. The implementation also includes electronic payment automation and advanced reporting, also provided by TouchstoneEnergy. The newly integrated solution is designed to streamline and improve processes for IOG’s finance department as well as contracts and procurement.
The project was delivered on time and budget with all professional services delivered remotely due to COVID restrictions. “We are pleased to have recently completed the implementation of Infor SunSystems and Proactis, both deployed into the TouchstoneCloud environment,” said Rupert Newall, IOG Chief Financial Officer. “This was successfully achieved by the target go-live date and within budget. We’re grateful for the professional service from TouchstoneEnergy, which also provided post-implementation support, and we look forward to working with them in the future.”
“The IOG project highlights what a great partnership we have with TouchstoneEnergy, and how seamlessly our solutions work together with Infor SunSystems" concluded Deborah Jones, UK Partner Manager at Proactis.
IOG is a UK based energy company focused on becoming a material gas developer and producer in the UK energy market from its 50% owned and operated low-risk offshore portfolio. Its gas is transported through co-owned infrastructure to deliver significant cost savings and maximize shareholder returns. Visit www.iog.co.uk
TouchstoneEnergy are leading providers of world-class business software and services. We are dedicated to the Energy sector with solutions for every role in the enterprise, from Finance and Accounting to Procurement, Inventory and Asset Management, Business Intelligence, Financial Planning and Business Performance Management. Visit www.touchstoneenergy.co.uk