Common Producer Operations Bottlenecks - How To Compete

You only make money when you sell your product to a broker, refinery, or manufacturer. Doesn’t it make sense for your traders and marketers to focus on these activities. Spending time entering data into CTRM platforms and updating spreadsheets leads to incomplete information.

Robotic process automation (RPA) gives front, middle, and back office workers the time to analyze and evaluate market and position data rather than generating and recording it.

Manual Data Processes Creates More Questions Than Answers

Robotic Process Automation Optimizes Producer Operations

Value Creed harnesses RPA to perform routine, repetitive tasks automatically so data gets where it needs to be, without errors, and without manual input that detracts from more valuable activities. Expedited dataflow and instant availability makes downstream applications more efficient and decisions more informed.

Hover on the Orange Icons to Discover RPA Opportunities for Producers

Updating pricing and leases on contracts with 100s of leases
Inputing 1,000s of receipt tickets
Validating 1,000s of receipt tickets
Validating counterparty statements
Settling & Invoicing transactions for 1,000s of wells

3 Ways Robotic Process Automation Accelerates Common Workflows

Product Tracking

Automatically matching receipt and delivery tickets and scheduling transportation for hundreds of transactions per day the instant they are presented and recording them errorlessly without the need for human intervention.

Payment Processing

Scanning of bills of lading to extract data, record it in the CTRM platform and daily logs, link the delivery to the corresponding inventory and order, apply the proper terms and prices, generate the invoice, and record payment.

Contract Management

Review, data extraction, and automatic form population from a variety of document styles and formats, including .pdf, email text, hard copies, scanned images, and electronic downloads.

How Robotic Process Automation for Invoice Reconciliation Works

Watch the video to see how RPA accelerates workflow and improves accuracy

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Get Started with Value Creed RPA:

Value Creed has established the processes and assembled the experts who can build the RPA management system that suits your organization and business model. Our team will engineer a program that delivers institutional control, operational excellence, and replicable profitability.

Our Process for Identifying RPA Opportunities in CTRM

Ready to Put Robotic Process Automation to Work?

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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

Automating Policy Checklists
Upload movements data
Uploading feedstock logistics tickets
Uploading weather data and supply events
Automating Policy Checklists
Upload movements data
Uploading feedstock logistics tickets
Uploading weather data and supply events

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

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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

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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.

Ready to Explore Robotic Process Automation?

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