Delivering Quality Insights across Upstream and Downstream Supply...

Delivering Quality Insights across Upstream and Downstream Supply Chains

Enterprise Networking Mag | Friday, January 25, 2019

Drillinginfo is an Austin-based software company that delivers business-critical insights to the energy, power, and commodities markets. Drillinginfo serves more than 5,000 branches worldwide and has more than 1,000 employees. It is a Software-as-a-Service (SaaS) provider of data analytics for oil and gas industry. It has also adopted the Open Source-driven Software-defined Storage solution (OpenSDS) of Nexenta. Drillinginfo is uniquely positioned to provide mobile, web, and desktop intelligence for risk analysis and reduction, competitive benchmarking, and market insights. As a space trailblazer, it is committed to constant innovation and provides customers with new ways to surpass their competition and lead their respective industries.  Drillinginfo solutions deliver value across the supply chain upstream and downstream that empowers exploration and production (E&P), oilfield services and financial services companies to be more proactive, efficient, and competitive. As a key component of the energy customer strategy, Drillinginfo offers a range of products and services that provide the predictive tools and technologies which are necessary to drive exploration decisions, evaluate changing opportunities, and achieve better and faster results.

Drillinginfo has announced that it will acquire Cortex, a network-as-a-service company which automates the processes of accounts payable and receivable (AP and AR) for the oil and gas industry. This announcement by Drillinginfo arrives almost three months after its acquisition of Oildex in September 2018, following Drillinginfo's commitment to transform the way the industry connects, collaborates, and automates energy data exchanges. Drillinginfo is expected to include other combined improvements in Cortex's e-invoicing-as-a-service with the expanded workflow and document management solutions.

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The acquisition of Cortex brings huge benefits to both customers and the suppliers by eliminating time taking tasks for customers to process redundant responsibilities in multiple portals. There will be a common portal for all the needs and the continent’s largest oil and gas network. With their reputation for problem-solving efficiencies, Drillinginfo has made tremendous sense to help customers make better and faster decisions at several levels. Cortex is a service-centric, digital transformation provider that is focused on revolutionizing B2B document exchange to save business time and money. Cortex is specialized in developing and delivering integrated electronic document intake and management solutions by using existing technologies and processes.

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