Business Questions Refinery Operations Stakeholders Need to Answer
Refinery Operations are complex by nature requiring cross functional, multi-system data entry and data validation aligned with enterprise governance standards to answer business critical questions needed . This process can take hours and hours of human effort to perform repetitive, yet critical tasks. These tasks lead to business questions requiring timely data like.
Common Business Questions Asked by Refinery Operations
These questions are critical to the health of the business. However, business process complexity often hinders productive teams from providing up-to-the-moment data needed by management. Robotic process automation (RPA) offers a better solution. By documenting the steps involved in answering these questions, RPA can perform these manual processes much faster.
Key Robotic Process Automation Opportunities for Refinery Operations
3 Top Uses for Robotic Process Automation
in Refinery Operations CTRM Systems
Reconciling Actualization and Payment
Verifying shipments, deliveries, and quantities and assigning them to the correct orders and invoices can be performed flawlessly and quickly with CTRM robotic process automation. Bots can scan invoices, compare them to contract terms, pinpoint discrepancies and reconcile discrepancies, and initiate payments with minimal human intervention to capture early payment discounts and eliminate late fees.
Automating Feedstock Monitoring
The journey from well to refinery may involve several transfers: pipelines, barges, trucks, trains, etc., each with unique fees, terms, bills of lading, etc. The RPA services Value Creed offers are specifically designed to flow the correct data source files to CTRM software platforms and then into popular destination systems like Oracle ERP, NetSuite ERP and SAP ERP or others.
Highlight Optimal Hedging Opportunities
By automatically reconciling hedged/unhedged positions, RPA gives traders the insights they need to predict demand and pricing for both feedstock and refined products. Instant updates allow quick action to cover exposures and identify trade books that do not conform to the organization’s hedging guidelines.
How Robotic Process Automation for Invoice Reconciliation Works
This video shows how automating common business processes accelerates workflow
and improves accuracy
Value Creed’s RPA Governance
Proper RPA initiation,optimization, and management requires an integrated, enterprise-wide solution. Unfortunately, many energy refiners are too busy with business development and operations to devote the resources to build RPA at a scale that can deliver tangible results. Value Creed RPA: Control, Efficiency, Profitability
CTRM Robotic Process Automation Governance Model Video
How to Get Started with Robotic Process Automation
Value Creed’s robotic process automation services streamline business processes, alleviate major data entry bottlenecks and reduce the time humans spend on low level, repetitive tasks with “bots.
CTRM Process for Identifying RPA Opportunities
You know RPA is not a new concept, it is just now truly useful to CTRM/ETRM business leaders and IT teams. The use of this advanced technology helps by expediting complex CTRM business processes, while relieving associated data integrity risks.
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