The Compliant Blog

One of my very good friends in Houston is a renowned radiologist, Dr. Walid Adham. A few years ago, he joined Voxel Systems as their CEO. At Voxel, Dr. Adham is focused on creating an AI-powered software product, now patented, with an extensive dataset used to effectively read MRIs to predict and diagnose certain brain disorders, including cognitive decline. His work and very detailed conversations with him brought this unique comparison to my attention. Over the last year, I

Many oil and gas companies use SAP and a subset of these have implemented the Service Entry Sheet (SES) module to manage field ticket data from service providers. At first glance, using SES may seem like a possible approach to storing field ticket data in a format that can be compared and analyzed against other data like invoices and price books to ensure compliance. Unfortunately there are still a number of issues inherent in this approach which allow for high levels of non-

The Cost of Duplicate Invoices and Why Prevention Is Better Than Audits Duplicate invoices might be a small percentage of non-compliance, but their impact is costly and completely avoidable. According to the Institute of Finance and Management (IOFM) , up to 3.6% of invoices processed by large companies are duplicates. For E&P companies handling tens of thousands of invoices annually, that can translate into millions of dollars in unnecessary payments. Of course many of the

The oil and gas industry is expected to do more with less, and that means every dollar counts. Even small improvements in spend, applied across the entire organization, can translate to huge savings that flow straight to the bottom line. Still, many companies rely on year-end audits to catch non-compliant invoices from suppliers. This strategy may seem effective but carries numerous financial and operational risks. End-of-year audits require extensive labor, often pulling fin