OIL & GAS

The best multiple site companies in America have put an emphasis on bringing performance management to their facility operations. Executives at expense management firm Cadence Network explain that by putting in place strategic processes that proactively monitor and manage what have been traditionally thought of as fixed costs - energy, telecommunications and property lease expenses - multiple site business save millions of dollars each year in hard costs and finite natural resources. According to Cadence CEO Jeffrey Hart, the term 'business intelligence' has been an overused buzz phrase where there is typically significant amounts of data, but a lack of critical understanding. He says the most important business intelligence process that can be put in place is the proactive management of the procurement of energy, telecommunications and leasing. Then, this must be followed by ongoing monitoring and anomaly correction in these areas. "When done properly, the business intelligence gleaned is actionable across an entire multiple site business, bringing unprecedented clarity to an operation, mitigating knee jerk reactions to volatility," Hart explained. "Successful businesses look to Cadence to provide simple and actionable business intelligence, day in and day out that will enable them to run at peak performance at all times. We provide performance management that allows focus to be placed on improvement strategies of an operation, saving time, money and resources." He adds that by providing a mechanism for comprehensive, ongoing expense management, operations executives will gain unprecedented visibility of their sites, enabling better decision making through this business intelligence. "When operations executives are paying 5,000 bills per month at a multiple site business, they don't have time to pinpoint specific sources of waste," Hart says. "About 10-15 percent of invoices are incorrect for a variety of reasons, such as human error or incorrect rates. Our CadenceEntrerprise software, combined with our experts, provide unrivaled information that allows for ongoing performance optimization of a multiple site business. We provide operations executives and CFOs the ability to compare charges for all sites in order to locate the source of erroneous charges, spikes in demand or even gas or water leaks." Background: Cadence Network, Inc. is an expense management firm that delivers comprehensive expense management solutions for chain store and multiple site businesses in the banking, restaurant, retail and grocery industries. The people and products of Cadence allow successful businesses to monitor and manage the third largest costs of doing business -- electric, gas, water, sewer, trash, lease and telecommunications. The solutions designed are customized to address the unique business requirements of companies with many sites and many departments managing many vendors across many geographically dispersed locations. Cadence offers accounts payable outsourcing, web based software applications and professional services. Cadence can be accessed at http://www.cadencenetwork.com/ or by calling 866-CADENCE (866.223.3623).