PIDX and its Members play an important leadership role in developing eBusiness standards for the oil and gas industry. Like many not-for-profit organizations, PIDX relies on Membership dues and Member volunteers as resources to achieve its mission.
The Value Proposition for PIDX Membership
The Business Case – “PIDX is a resource for your eBusiness team”
Business documents are critical to our industry, centered on the whole supply chain, whether for products, services, or for any form of regulatory reporting. Making these documents digital is essential to improving business process efficiencies, improving cycle times and transparency, allowing spend analytics and business intelligence to work with real data and of course, reducing human errors. Many supply chain business processes have historically generated huge volumes of paper; reducing this to a digital form allows for efficient handling by our industry’s professionals.
To allow digital business documents to be exchanged by trading partners, a single standard is required to be used between companies, allowing interoperability and, importantly, business process standards to support complementary internal workflows. This gives the maximum benefit to managing document transfer digitally. Additionally, the industry needs to have all its business documents transferred securely across the internet.
PIDX supplies these standards, now in use across the world, in an environment with no competing standards to confuse the industry. These are the core business benefits of PIDX Membership.
Developing better ‘industry friendly’ standards through collaboration
The PIDX standards are the product of collaboration representing the pooled business expertise and cumulative design capabilities of its Members. The Members determine priorities, only developing standards seen as needed within the industry; compare and update requirements, and promote adoption of the standards. As they work together, they invariably learn from each other and find that their own independent solution development benefits from exposure to different perspectives, lessons learned by others, and shared expertise. Technical participants share their experience about integration best practices, architecture, and other relevant standards; the process of proposing design solutions and refining them through work group collaboration is an opportunity to improve personal and corporate technical knowledge. Experts from the industry share their perspectives on priorities, trends, emerging technologies and methods. PIDX Standards and Guidelines Work Group and Project Teams are excellent, managed forums for corporate technical development.
Networking at PIDX
Any standards development is a highly interactive and iterative process in which Members present their needs and problems, perspectives, and suggested solutions. It is very common that Members draw upon their knowledge regarding business process document exchange, including related standards, technical architecture, trends, and the research of professional societies. Naturally, working relationships develop which become important professionally. During Work Groups and Project Teams, Member meetings, and Conferences, PIDX Members have the opportunity to meet peers from across the globe and share ideas. There are cases where Members have identified mutual areas of interest and agreed to propose a project. These are opportunities to stay in front, and help influence the direction and priorities for the development of eBusiness standards, especially as our industry becomes more global and regional needs are identified. Whilst the use of PIDX’s standards will always be free, which standards are developed and how they emerge from the development process for ratification and publication is within the domain of Members.
PIDX’s Anti-Trust Position and its Rules for Collaboration
PIDX was re-launched in 2011 with a strict set of bylaws and governance, as well as procedural structure for the design, development and approval of its standards. PIDX adheres to today’s strict European and U.S. Anti-Trust regulations. Developing eBusiness standards across the oil and gas industry requires collaboration between operators, service companies, regulatory agencies and software vendors. This demands an anti-trust framework, and a structured process for delivering standards. Collaborating members supplying volunteer participants benefit from an organized and facilitated community within which to work.
Finally, Why Membership in PIDX?
PIDX is a global, not-for-profit, membership organization that serves as the facilitator, custodian and advocate for the development and adoption of eBusiness standards in the oil and gas industry. PIDX is the leader in the oil and gas eBusiness standards world and is dedicated to the delivery of open standards that allow users to recognize practical business value. PIDX works to drive awareness of standards and their benefits through global marketing. The result is a recognized name over the last 25 years, well-known by the oil and gas industry. PIDX Members demonstrate their leadership and commitment to realizing the promise of a truly global, interoperable eBusiness environment for our industry, through their financial support and the commitment of their employee resources in the standards development process. PIDX Members can expect a positive return on their investment. These leading companies realise that their support for standards development and the PIDX marketing of the standards increases global adoption, which continues to reduce overall business process operating costs for all members as PIDX interoperability becomes the norm.
The following points outline the business case for Membership and participation in this open standards community:
- PIDX Members influence the direction of open data exchange standards developments, ensuring that their viewpoint is represented and their needs are considered.
- PIDX Member collaboration helps to ensure solutions meet industry needs and encourages the sharing of risks and rewards, in a non-core area, with standards providing an alternative to costly, “one-off” solutions.
- PIDX Members demonstrate leadership through their investment in and adoption of open eBusiness standards, which benefits individual Members as well as the entire industry.
- PIDX Members gain valuable business intelligence about new technologies and can develop extensive professional networks of peers and colleagues that benefit their organizations.
- PIDX provides the anti-trust framework within which open eBusiness standards can be developed collaboratively.
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Benefits for IT Providers
PIDX brings diverse companies together in a consensus atmosphere to share, collaborate and work together to create the standards that drive every member’s business and form the engine of electronic commerce in the energy community. It’s an opportunity to build your network faster and increase the visibility of your business. Showcase your products and services on a global scale, while adopting the standards that will draw customers to your door on a local level.
At PIDX meetings, member companies present case studies and share how PIDX standards have been used in real-life implementations. You will hear how these standards are actually used (from those who are actually using them) and share in the lessons learned by others who can help to mitigate risks for your company.
The PIDX Knowledge Base
PIDX provides a wealth of educational opportunities and practical resources to its members, from toolsets and templates, to white papers, presentations and reports, and our new wiki-based Petroleum Industry Data Dictionary that promotes collaboration among project teams. You will learn what other companies are doing with integrated systems, how they got started, and what their successes have been.
Most importantly, however, you will benefit from the hard-won knowledge of Industry Accepted Standards and Best Practices that your peers have contributed to the PIDX knowledge base.
With PIDX, you will:
- Reduce implementation time for deploying an eProcurement solution
- Save time and effort by utilizing fewer resources to process transactions
- Receive attachments in XML and EDI formats, leveraging internet-based connectivity
- Gain access to the latest security and encryption technology
- Ensure transaction integrity through delivery acknowledgement
Testimonial
“Our value proposition relies heavily on our practical knowledge and experience. PIDX is the forum for refining that knowledge because the community is made up of actual practitioners.”
Tim Morgan, Sullexis
An Open Invitation to Technology Providers
A Global Forum PIDX provides a global forum that facilitates the development of electronic commerce business standards within the petroleum industry. By enabling IT system interoperability we improve the efficiency, effectiveness and value of the information management and continue to reduce costs and time-intensive processes including:
- Business Messaging
- Electronic Field Ticketing
- Electronic Invoicing
- Electronic Data Exchange
- Global Business Practices
- Safety Data Reporting
- Product and Services Classification
And PIDX is expanding—we are a true global standards setting body. We have made demonstrable progress in Europe, the Middle East, and Latin America and are continuing to expand to new regions. Our Global Business Practices Work Group is now capturing and aggregating country-specific best practices published in Country Profiles.
A Support System
PIDX gives you the opportunity to pilot PIDX standards with your customers through a “hands-on” mutually supportive experience that will give you knowledge of new technologies, processes and procedures in eCommerce. The shared experiences and lessons learned in conducting pilots have led to many successful customer relationships and implementations of the PIDX standards.
As a member, you’ll also have valuable opportunities to network with peers and potential clients, increasing the visibility of your business. These opportunities include attending the PIDX conferences and unlimited participation in all PIDX work groups and project teams. You will have a voice in setting the standards for the industry.
PIDX members derive valuable benefits from the guidance and advice they receive, the business relationships they develop, and the work they perform toward the shared goal of creating seamless, industry-wide electronic business communication. PIDX membership affords your company important opportunities to learn, influence and network.
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Benefits for Oil Operators
PIDX membership affords voting privileges in PIDX International and offers you a leadership role in choosing which eCommerce standards will be set next. With PIDX standards, you can streamline your relationship with your trading partners and suppliers, resulting in a better ROI on every project engagement. Better standards free you to build efficiency within your organization and lower your cost of doing business. PIDX standards can enable up to 98% of invoices to be processed without intervention.
Defining the Value of PIDX Membership
By joining PIDX and using PIDX standards, you will:
- Reduce implementation time for deploying an eProcurement solution
- Reduce the time and effort to add new trading partners
- Receive XML and EDI electronic documents, leveraging internet-based connectivity
- Gain the ability to auto-code invoice components directly in your accounting system, streamlining internal processes
- Gain access to the latest security and encryption technology
- Ensure transaction integrity through delivery acknowledgement
Through these benefits, you gain:
- The ability to leverage cost savings passed on from your suppliers due to savings from accurate pricing and price verification
- The ability to negotiate discounts based on an accurate record of on-time payments to a supplier
- The ability to increase savings through the efficiencies of conducting quoting for commodities or services online, using templates and automatic evaluation tools
- The ability to save time and effort by utilizing fewer resources to process transactions
Testimonial
“PIDX has been instrumental in the development and advancement of Electronic Commerce standards throughout the Petroleum Industry. The results are not only seen in the improved business relationships, but also in the reduced cycle time-enabling decisions, producing efficiency improvements, and cost reductions. As the world economy continues to grow, I see PIDX playing an even more important role in Global Market Electronic Commerce Standards.”
John Pinnella, Chevron
An Open Invitation to Oil Companies
A Global Forum PIDX provides a global forum that facilitates the development of electronic commerce business standards within the petroleum industry. By enabling IT system interoperability we improve the efficiency, effectiveness and value of the information management and continue to reduce costs and time-intensive processes including:
- Business Messaging
- Electronic Field Ticketing
- Electronic Invoicing
- Electronic Data Exchange
- Global Business Practices
- Safety Data Reporting
- Product and Services Classification
And PIDX is expanding—we are a true global standards setting body. We have made demonstrable progress in Europe, the Middle East, and Latin America and are continuing to expand to new regions. Our Global Business Practices Work Group is now capturing and aggregating country-specific best practices published in Country Profiles.
How PIDX Works
PIDX provides a wealth of educational opportunities and practical resources to its members, from toolsets and templates, to white papers, presentations and reports, and our new wiki-based Petroleum Industry Data Dictionary that promotes collaboration among project teams.
You will learn what other companies are doing with integrated systems, how they got started, and what their successes have been.
Most importantly, however, you will benefit from the hard-won knowledge of Industry Accepted Standards and Best Practices that your peers have contributed to the PIDX knowledge base.
With PIDX, you will:
- Reduce implementation time for deploying an eProcurement solution
- Save time and effort by utilizing fewer resources to process transactions
- Receive attachments in XML and EDI formats, leveraging internet-based connectivity
- Gain access to the latest security and encryption technology
- Ensure transaction integrity through delivery acknowledgement
Energizing Relationships
Becoming an active member of PIDX is the best way to assure that your organization can accelerate the pace and scale of supplier enablement. By adopting the PIDX XML and EDI standards, integration projects will become more predictable in terms of how long they take to complete, the technology required to implement and the number of people necessary for project success.
Join PIDX to have a voice in determining the future standards of eCommerce – a future that will dramatically affect your business and the entire petroleum industry.
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Benefits for Suppliers
At PIDX, we know that a supplier’s customer relationships are the most important facet of their business. And we also know that a PIDX membership can help you to realize quantifiable business efficiencies and better alignment with your customer’s operations and business processes through the usage of PIDX industry standards. In fact, PIDX delivers a complete set of critical business standards covering the entire procure-to-pay process.
PIDX can help you build better relationships with your customers, and with the adoption of these standards, provide mutually beneficial reductions in transaction costs for suppliers and their customers. In addition, you’ll gain access to all of the knowledge resources of the PIDX community, while having a say in the future development of PIDX standards.
How PIDX Works
PIDX has developed and maintained a comprehensive set of standards for all data documents. All material is sent to the customer within an “electronic envelope” that enables the customer to have all material in one place. The customer reduces costs by utilizing fewer resources to process transactions and then you get paid closer to contract terms.
By joining PIDX and using PIDX standards, you will:
- Reduce implementation time for deploying an eProcurement solution
- Reduce the time and effort to add new customers
- Transmit and receive XML and EDI electronic documents, leveraging internet-based connectivity
- Gain access to the latest security and encryption technology
- Verify receipt of invoices through delivery acknowledgement
In, the last three years, the number of oil companies requiring electronic transactions as a requirement to bid on their contracts has increased substantially. Those suppliers who do not leverage the power of PIDX standards to build their competitive advantage run the risk of being left behind.
Testimonial
“The proliferation of divergent business processes and standards is grossly inefficient and unsustainable for the industry. Instead we are able to leverage PIDX to maintain a single standardized, cost-effective, procure-to-pay process and to have a voice in building these standards. PIDX membership is a key communication avenue to build effective rapport with our customers, and gain insight into the future direction of this growing global industry.”
Charles Currie, Vice President Marketing and Sales Systems, Schlumberger
An Open Invitation to Suppliers
A Global Forum PIDX provides a global forum that facilitates the development of electronic commerce business standards within the petroleum industry. By enabling IT system interoperability we improve the efficiency, effectiveness and value of the information management and continue to reduce costs and time-intensive processes including:
- Business Messaging
- Electronic Field Ticketing
- Electronic Invoicing
- Electronic Data Exchange
- Global Business Practices
- Safety Data Reporting
- Product and Services Classification
And PIDX is expanding—we are a true global standards setting body. We have made demonstrable progress in Europe, the Middle East, and Latin America and are continuing to expand to new regions. Our Global Business Practices Work Group is now capturing and aggregating country-specific best practices published in Country Profiles.
A Support System
PIDX gives you the opportunity to pilot PIDX standards with your customers through a “hands-on” mutually supportive experience that will give you knowledge of new technologies, processes and procedures in eCommerce. The shared experiences and lessons learned in conducting pilots have led to many successful customer relationships and implementations of the PIDX standards.
As a member you’ll also have valuable opportunities to network with peers and potential clients, increasing the visibility of your business. These opportunities include attending the PIDX conferences and unlimited participation in all PIDX work groups and project teams. You will have a voice in setting the standards for the industry.
PIDX members derive valuable benefits from the guidance and advice they receive, the business relationships they develop, and the work they perform toward the shared goal of creating seamless, industry-wide electronic business communication. PIDX membership affords your company important opportunities to learn, influence and network.
Read More