FOR IMMEDIATE RELEASE: Lafayette, LA. – Aristotle’s Alexander, a Lafayette-based provider of the iliad platform, an electronic ticketing, electronic invoicing and data exchange solution for the oil and gas industry, has joined in collaborative membership with the Petroleum Industry Data Exchange (PIDX). PIDX provides a global forum for delivering the process, information and technology standards that facilitate seamless, efficient electronic business within the oil and gas industry. Together, they form the engine of electronic commerce in the energy community throughout the U.S., Europe, the Middle East, and Latin America.
Working with PIDX, we’re well positioned to bring the advantages of e-commerce to the oil and natural gas industry and trading partners at a time when the industry is most in need of efficiency gains and operational improvements. We’re actively engaged with operators and suppliers to leverage electronic commerce to create efficiencies, which allow the industry to survive the “lower for longer” oil commodity price scenario.
Quantifiable Business Efficiencies
With the adoption of e-Business standards, suppliers can build better relationships with their customers, achieve preferred vendor status, and provide mutually beneficial reductions in transaction costs. Suppliers are able to realize quantifiable business efficiencies and better alignment with customer’s operations and business processes through the usage of PIDX industry standards. PIDX delivers a complete set of critical business standards, covering the entire procure-to-pay process.
Operators realize better ROI on every project engagement. Better standards free them to build efficiency within their organization and lower their cost of doing business. PIDX standards can enable up to 98% of field tickets and invoices to be processed without intervention.
“While attending the U.S. Fall PIDX conference, we were able to participate in work groups and take part in discussions that focused on the real challenges in the industry. Aristotle’s Alexander has been providing solutions to these same challenges for our customers over the past seven years. As members, we will be working with other leaders and influencers in the industry to advance the standards and streamline the process for operators and suppliers,” Hebert stated.
Aristotle’s Alexander was founded in December 2008 by Christopher S. Hebert of Lafayette, Louisiana. The team delivers business strategies fueled by IT solutions for the energy industry.