OFS Portal LLC

??Energy Trends Check-in??

Check out?EDICOM's?latest blog on how the 5-corner Peppol model is enhancing security, scaling operations, and speeding up document exchanges worldwide. In today’s fast-paced economy, standardized and automated processes are a game-changer. #B2B #B2G #eInvoicing #PEPPOL #ThoughtLeadership

???A quick welcome from OFS Portal CEO, Mimi Stansbury, as the E-Invoicing Exchange Summit is just 2 weeks away!??? Join us in Kuala Lumpur for exclusive insights from our CEO,?Mimi Stansbury, on how to leverage the?5-corner model?to accelerate digital transformation and go beyond government e-invoicing—making e-invoicing seamless for all your customers. #EXCS2024 #DigitalTransformation #EInvoicing #5CornerModel #GovTech #Innovation

??New Blog Exploring the Energy industry’s e-invoicing?game-changing 3-to-5 corner model shift empowers suppliers to navigate complex government mandates with ease. ?? Read the blog now: https://lnkd.in/gaMXRX4v #EnergyIndustry #B2BeCommerce #eInvoicing #GlobalFiscalCompliance #ThoughtLeadership

???Latest European Commission Report on The Evolution of eInvoicing in the Digital Age As eInvoicing continues to evolve, businesses that embrace these technologies can expect improved cash flow, reduced costs, and enhanced compliance with regulatory standards. The recent European Commission’s report details how innovations like?AI,?Blockchain, and?Robotic Process Automation (RPA)?are reshaping the invoicing landscape. ???Insights to expect: 1. AI in Action: AI is revolutionizing anomaly detection and fraud prevention in invoicing. For example, machine learning algorithms can analyze historical data to identify irregular patterns, significantly reducing errors. 2. Blockchain for Trust: By creating immutable records, blockchain enhances the integrity of invoicing data. This technology is particularly valuable in invoice financing, ensuring transparency and security in cross-border transactions. 3. Big Data's Role: Leveraging big data analytics from eInvoices allows businesses to make data-driven decisions, improving forecasting accuracy and operational efficiency. 4. RPA's Impact: Automating repetitive tasks through RPA frees up human resources for strategic initiatives, with one case study showing that robots now handle 80% of payment processing tasks. 5. Innovative Applications: Beyond traditional use, eInvoice data is being utilized for digital VAT returns, emissions reporting, and even real-time economic assessments, showcasing its versatility across sectors. OFS Portal supports the valuable work and research done by cross-industry organizations, such as the European Commission, with the shared goal of driving eInvoicing efficiencies.?Explore the full report:?https://lnkd.in/g-aARMN3 #eInvoicing #DigitalTransformation #AI #Blockchain #Innovation #BusinessEfficiency

???Exciting AI in Energy Webinar Nov 15th! As a proud sponsor, OFS Portal LLC invites you to join PIDX International's FREE webinar on?November 15, 2024:?"AI for Translating Non-Standard Product Descriptions to Industry Standards." Explore how AI is transforming product data in the energy sector, including PIDX’s innovative tool for standardizing non-standard product descriptions. The session will also cover integration with the Petroleum Industry Data Dictionary (PIDD) and document management features. Register now to reserve your free spot:?https://lnkd.in/gv7qn9CY ? #EnergyData #AI #DataStandardization #PIDX #Innovation

??Explore digital disruption, intelligent eProcurement, data-driven decision-making, and sustainability in modern supply chains. Read more now: https://lnkd.in/gnahPr8d #EnergyIndustry #B2BeCommerce #DigitalTransformation #DigitalTrends #Sustainability #Innovation #WhitePaper #Suppliers #Operators #ThoughtLeaders

?? Unlock Value-Based Cost Savings in Energy Supply Chains! Did you know organizations can achieve savings beyond traditional cost-cutting. How many of these strategies has your organization implemented? #EnergyIndustry #B2BeCommerce #SupplyChain #CostSavings #Innovation #OFSPortal

+ www.exchange-summit.com + ??Kuala Lumpur + ??Nov 25 to 27, 2024 + Welcome as partner?at #EXCS24! At OFS Portal LLC, they are proud pioneers in revolutionizing #B2B #eCommerce integrations for Energy Industry suppliers and service providers. Founded by twelve leading oilfield services firms, including ABB, Baker Hughes, BJ Services, Cooper Cameron, ENSCO, FMC, Halliburton, National Oilwell, Schlumberger, Smith International, Transocean Sedco Forex, and Weatherford, #OFSPortal has been at the forefront of standardized electronic catalog and service agreement information since our inception.

?? Did you catch our latest blog? Discover how the 4-Corner Model enhances interoperability in your supply chain, boosting efficiency by up to 20%! Unlock real-time collaboration—read more here: https://lnkd.in/gY7tDfYF #Energy #Interoperability #Innovation #SupplyChain #4CornerModel