Smart AP

for Energy

iQ Smart AP is optimized for the Energy industry. Our integrated AP platform is designed to automate more of your AP workflow and reduce the resources required to process invoices. iQ captures more accurate, timely, and useful transaction information from your vendors, and provides the tools allow your team to easily mine job-specific information relevant to them.

iQ's built-in project management layer and data analysis tools serve more stakeholders in the transaction workflow. See how iQ Smart AP can work for you.

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350

Average Number of AP
Invoices per $Million Spent

$

27

Average Cost per Invoice to
Manually Process

from $

3

Cost per Invoice using
iQommerce

Upstream

iQ Smart AP provides the tools to effectively manage Oil and Gas projects. Whether you are tracking capital costs or operating expenses, iQ is your solution.

Midstream

iQ Smart AP provides powerful vendor and project management tools. Using iQ, you can easily create projects, administer smart vendor contracts and track all of your costs.

Downstream

iQ Smart AP has the tools to help you manage capital projects, routine maintenance, and turnarounds. By capturing your costs in real-time, iQ keeps you on top of your facilities.

Renewables

iQ Smart AP can supercharge AP for the Renewable Energy industry. Our mobile-optimized platform is ideal for remote sites and a workforce on the move.

iQ Smart AP Serves and Connects your Company

Reduces AP Invoice

Processing Costs.

iQ automates virtually all of the AP workflow, reducing the resources required to process AP invoices.
iQ increases invoice accuracy and effectively eliminates AP invoice intervention and rejection.
iQ captures transaction information in real-time, reducing invoice cycle times, and making it possible to take advantage of early payment discounts.
iQ's flexible data management model allows for data to be easily moved to virtually any endpoint. From spreadsheet to ERP, iQ can move your data.

is Intuitive and

Easy-to-Use

Thoughtfully designed user workflows and a modern, mobile-optimized user experience are the basis of the iQommerce platform.
iQ simplifies even the most complicated tasks.
Customizable user dashboards and task notifications maximize AP invoice processing efficiency.

Uses it's Energy

Database to Create and Administer Smart Projects

iQ's energy database contains over 1 million wells, facilities and pipeline segments in Western Canada that can be used to create projects. Our database is updated daily so that the most current information is available.
iQ maintains geographic location information for all licensed projects and can display all of your projects on our innovative mapping interface.
Real-time project cost tracking is easy with iQ.
iQ's flexible database integrates with any AFE management system.
iQ's permission-based access allows for all of your team members to have access to your key transaction information.

Allows Buyers to

Create and Administer Smart Vendor Contracts

iQ Smart AP clients pre-approve vendor pricing schedules prior to execution of work.
Invoice approvals require only verification of item quantities entered by vendors.
iQ's Smart Quotation module (launching soon) simplifies vendor management from RFP through payment.

Reduces

Onboarding Costs and Eliminates Vendor Support Costs

iQ's Software-as-a-Service (SaaS) vendor platform provides a comprehensive self-service onboarding solution, requiring minimal intervention from AP Enterprise clients.
All support costs are included in the vendor's SaaS subscription.
iQ has a solution for every vendor, regardless of their technical or administrative capabilities. We also have economical pricing plans to meet every need.
Unlike other enterprise-grade AP solutions, iQ provides an end-to-end invoice automation solution for the vendor. Vendors can create their invoices automatically, using worksite information captured by iQ. They can track their transaction documents, and seamlessly move their invoices into their own accounting systems or ERP's.

Equitably

Distributes the Cost of AP Invoice Processing with Vendors

Because our vendor Software-as-a-Service (SaaS) platform provides valuable invoice automation tools and resources for vendors, iQ Smart AP clients benefit from the use of a common platform and information set.
iQ's SaaS platform strategy connects iQ Smart AP clients with all of their vendors through a single network.
By reducing the invoice cycle time, iQ Smart AP clients are able to pay their vendors faster and take advantage of early payment discounts.

Enables your

Remote Workforce

iQ is mobile optimized to be used on any device.
iQ's invoice automation strategy provides a completely touchless and germ-free paperless process.
Your project teams are connected regardless of their geographic location.
Unlimited permission-based access allows all stakeholders to collectively participate in the AP invoice workflow.

Captures Real-

Time Worksite Transaction Data

iQ is mobile optimized to capture real-time, point-of-sale transaction data from the worksite.
iQ uses a proprietary worksite activity record to generate invoices and supporting documentation for every transaction.
iQ's built-in project cost tracking features allow users to access the most current transaction information.

Empowers your

Team to Make Data- Driven Decisions

Real-time, accurate data capturing capabilities are the key to making smart, data-driven business decisions. iQ has the most up-to-date and accuracy-driven data strategy on the market today.
iQ's unlimited permission-based access allows all project team members and stakeholders to access critical transaction information that is essential in supporting data-driven decisions.
iQ's data management tools provide unlimited ways to analyze key transaction information.

Demonstration

Partner Program

iQommerce is currently searching for busy and progressive enterprise companies to participate in our Demonstration Partner Program!

Interested in what iQommerce has to offer?
Let's start by getting to know each other!

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