TechValidate Research on Enverus

These pages present data that TechValidate has sourced via direct research with verified customers and users of Enverus. TechValidate stands behind the authenticity of all published data. Learn more »



257 Customers Surveyed

1,684 Data Points Collected

51 Published TechFacts

30 Published Charts

5 Published Case Studies



Selected Research Highlights


Enverus Customer Research

Small and Medium-sized Oil & Gas Companies Save Significant Time with Business Process Automation

On average, how many hours a week have you saved in labor since automating the invoicing process with Enverus?

Over 100: 9%
80-100: 0%
60-80: 9%
40-60: 45%
Less than 40: 36%

Enverus Customer Fact

Maintaining Strong Owner Relations is Critical for Happy Owners

A revenue accountant at a large energy & utilities company strongly agrees that reducing internal staff burden while maintaining strong owner relations is critical.

Enverus Customer Research

Small and Medium-sized Oil & Gas Companies Choose OpenInvoice to Optimize Their Invoicing Process

What challenges were you looking to solve by implementing accounts payable automation?

Shorten processing / approval times
79%
Reduce errors
65%
Enable better collaboration with suppliers
56%
Reduce accounts payable processing cost
42%
Enable processing efficiency to support reduced headcount
37%
Provide more accurate visibility into spend management
37%
Streamline payments
35%
Allow for scalability to changing market conditions
23%

Enverus Case Study

Private Energy Company Lowers Owner Support Cost And Increases Operating Agility With Enverus Print And Mail Services

Introduction

This case study of a small business energy & utilities company is based on an April 2020 survey of Enverus customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

Challenges

The company faced the following challenges, ultimately leading them to evaluate and ultimately select Enverus Print And Mail Services:

  • The cost to manage owner support in house
  • Faced with challenges from the pandemic, the company is currently re-evaluating their technology and processes

Use Case

The key features and functionalities of Enverus that the surveyed company uses:

  • Printing and mailing revenue checks

Results

The surveyed company has seen the following benefits since outsourcing services:

  • Reduced cost of internal staff
  • Allowed internal team to be more agile

Enverus Customer Statistic

Business Process Automation Speeds Up Invoice Approval Times

83% of surveyed oil & gas organizations reduced their invoice approval cycle by 5-15 days since using Enverus Business Automation solutions.

83%

Enverus Case Study

Japan Canada Oil Sands Limited Case Study, Enverus Trading & Risk

Introduction

This case study of Japan Canada Oil Sands Limited is based on a July 2020 survey of Enverus customers by TechValidate, a 3rd-party research service.

“Enverus is a trusted supplier for our business”

“With Enverus solutions, we have confidence in the accuracy of our data, and more efficient updates of current market pricing. "

“The Enverus team is friendly and willing to help. "

Challenges

The business challenges that led Japan Canada Oil Sands Limited to evaluate and ultimately select Enverus:

  • The following challenges led them to engage with Enverus:
    • We were struggling with inaccurate forecasts
    • Manual processes were slow and cumbersome
  • Said the following challenges is keeping them up at night:
    • Managing price volatility
    • Budgetary constraints

Use Case

  • Currently use the following Enverus product(s):
    • MarketView ExcelTools
    • MarketView Desktop

Results

The surveyed company achieved the following results with Enverus:

  • With Enverus’ Trading & Risk solutions, Japan Canada Oil Sands Limited experienced the following benefits:
    • More accurate forecasts
    • Increased staff productivity
    • Ability to work remotely
    • More consistent management reporting
  • When compared to the competition, rated Enverus’ features the following:
    • Data quality: better
    • Implementation process: significantly better
    • Speed of onboarding systems/features: significantly better
    • Speed of onboarding new data: significantly better
    • Industry analyst expertise: better
    • Customer support: best in class
    • Contracting process: significantly better
    • Level of innovation in product suite: significantly better
  • Level of agreement with the following statements:
    • Enverus enables them to provide an accurate and up-to-date view of their risk profiles and investments: strongly agree
    • Enverus enables them to capture value from their solutions quickly: agree
    • Enverus’ people are passionate about customer success: strongly agree
    • They can rely on Enverus to innovate to meet their business needs: agree
    • Enverus is an expert on the energy market: agree
    • Having a single source of truth for our data means we make better, faster decisions: agree


More to Explore



About Enverus

Enverus™, formerly known as Drillinginfo, is the energy industry’s leading data, software, and insights company. Our innovative, SaaS platform, backed by strong customer service and support, delivers innovative technologies and predictive/prescriptive analytics that allow the upstream, midstream, and downstream sectors to navigate the future. We deliver an intuitive interface for better intelligence, keeping you at the forefront of energy analytics. Our solutions provide ready-to-serve results in user-friendly formats, making it easy to digest and distribute throughout your organization.

Enverus Website   Enverus Website