How Technology Helps Overcome 10 of the Top Operational Challenges in the Energy Sector
In this article, MCi's Bruce Grissom explores how recent government legislation and initiatives have driven positive momentum in the energy industry, increasing demand and projects. However, this growth comes with challenges, especially for organizations lacking the right data and visibility.
Key operational challenges include vague contract terms, incomplete timesheets, and unverified labor charges. Technology solutions can ensure contract clarity, provide real-time data, and improve financial oversight, reducing overpayments and disputes.
Financial issues such as unverified equipment charges, payment errors, and invoice mismatches can also hinder operations. Advanced software can offer real-time visibility and accountability, ensuring transactions align with terms and enhancing efficiency and compliance.