MORGAN HILL, CA and TORONTO--(Marketwired - Jul 31, 2013) - Three multi-billion dollar, global oil and gas providers have selected Dolphin's end-to-end procure-to-pay solution in the second quarter of 2013 to enhance P2P processes in SAP® applications. By adding the Dolphin Process Tracking System for Accounts Payable (PTS-AP)™ and dynamic discounting, accounts payable vendor portal and electronic invoicing powered by Taulia, these new Dolphin customers will further enhance the processing of paper and electronic purchase requisitions and invoices to realize significant cost savings and increased return on investment.
All three companies sought a solution provider with the proven capabilities to help leverage existing SAP® Enterprise Resource Planning (ERP) System investment and a strategic partner with a comprehensive understanding of the specialized and varying needs of the industry, including the business requirements of real time data processing in a highly decentralized environment and multiple languages.
"Operating in both a highly regulated industry and in primarily decentralized environments where vast volumes of data are simultaneously being created, shared and processed from remote locations across the globe can be extremely challenging to global oil and gas companies," said Dr. Werner Hopf, CEO of Dolphin. "Optimal business process performance is paramount, and it's critical that data be highly accessible from the very initial point of entry to prevent processes such as P2P from breaking down. By shortening processing cycles and allowing real-time access to information, cash flow can be increased allowing for fast and accurate decisions that further generate additional profit."
For one new oil and gas customer, Dolphin architected a solution to help handle P2P processing from ocean vessels at sea to overcome inherent delays. They will now seamlessly be able to process data while also gain a 360-degree view of all information for real-time visibility.
Dolphin's SAP®-certified solution suite for SAP business processes was developed using SAP technology and the SAP Business Workflow engine. Each customer will benefit from the immediate electronic capture of invoices. This allows for the automation of approvals and other exception handling while also providing executives and managers with a real-time view of the process, tracking each step. By streamlining P2P processes, each company will experience actual cash savings, improved cash flows and a speedy return on investment.
All three customers identified Dolphin as the one vendor which demonstrated the ability to help locate cost-savings opportunities and take steps to realize efficiencies on an ongoing basis with a highly scalable solution. The solution is deployed at companies that process from 10,000 to more than 6 million voices per year. Dolphin's business process management solutions are deployed upstream, midstream and downstream by leading energy companies to help them reduce the bottom-line leakage due to delays, inefficiencies and inconsistent processes, ensuring capital preservation from start to finish.
Dolphin leads the way in SAP business performance improvement and is the one partner that manages both data and processes. from data volume management and information lifecycle management to its end-to-end solutions for SAP procure-to-pay and order-to-cash processes, Dolphin delivers a competitive advantage that drives cost savings, optimizes cash flows and fosters a lower total cost of ownership. Leveraging SAP technology, Dolphin's data lifecycle and business process management solutions, and SAP-certified add-on applications, have built-in flexibility and are designed to be tailored to each customers' specific business processes and IT environments.
The company was founded in 1995 and has offices in San Jose, CA, Philadelphia, PA and Toronto, Canada. Dolphin's smart, adaptable and proven solutions are implemented by hundreds of companies across North America and around the world. Among Dolphin customers are more than one-third of Fortune 100™ companies running SAP systems. To learn more, email us at email@example.com or visit www.dolphin-corp.com.
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Dolphin was chosen because of its ability to help locate cost-savings opportunities within P2P for Oil & Gas companies and deliver a fast return on investment.