PIDX membership affords voting privileges in PIDX International and offers you a leadership role in choosing which eCommerce standards will be set next. With PIDX standards, you can streamline your relationship with your trading partners and suppliers, resulting in a better ROI on every project engagement. Better standards free you to build efficiency within your organization and lower your cost of doing business. PIDX standards can enable up to 98% of invoices to be processed without intervention. 

Defining the Value of PIDX Membership

By joining PIDX and using PIDX standards, you will:

  • Reduce implementation time for deploying an eProcurement solution
  • Reduce the time and effort to add new trading partners
  • Receive XML and EDI electronic documents, leveraging internet-based connectivity
  • Gain the ability to auto-code invoice components directly in your accounting system, streamlining internal processes
  • Gain access to the latest security and encryption technology
  • Ensure transaction integrity through delivery acknowledgement

Through these benefits, you gain:

  • The ability to leverage cost savings passed on from your suppliers due to savings from accurate pricing and price verification
  • The ability to negotiate discounts based on an accurate record of on-time payments to a supplier
  • The ability to increase savings through the efficiencies of conducting quoting for commodities or services online, using templates and automatic evaluation tools
  • The ability to save time and effort by utilizing fewer resources to process transactions

 

PIDX has been instrumental in the development and advancement of Electronic Commerce standards throughout the Petroleum Industry. The results are not only seen in the improved business relationships, but also in the reduced cycle time-enabling decisions, producing efficiency improvements, and cost reductions. As the world economy continues to grow, I see PIDX playing an even more important role in Global Market Electronic Commerce Standards.”
John Pinnella, Chevron

 

 

An Open Invitation to Oil Companies

A Global Forum PIDX provides a global forum that facilitates the development of electronic commerce business standards within the petroleum industry. By enabling IT system interoperability we improve the efficiency, effectiveness and value of the information management and continue to reduce costs and time-intensive processes including:

  • Business Messaging
  • Electronic Field Ticketing
  • Electronic Invoicing
  • Electronic Data Exchange
  • Global Business Practices
  • Safety Data Reporting
  • Product and Services Classification

And PIDX is expanding—we are a true global standards setting body. We have made demonstrable progress in Europe, the Middle East, and Latin America and are continuing to expand to new regions. Our Global Business Practices Work Group is now capturing and aggregating country-specific best practices published in Country Profiles.   

How PIDX Works

PIDX provides a wealth of educational opportunities and practical resources to its members, from toolsets and templates, to white papers, presentations and reports, and our new wiki-based Petroleum Industry Data Dictionary that promotes collaboration among project teams. 

You will learn what other companies are doing with integrated systems, how they got started, and what their successes have been. 

Most importantly, however, you will benefit from the hard-won knowledge of Industry Accepted Standards and Best Practices that your peers have contributed to the PIDX knowledge base.

With PIDX, you will:

  • Reduce implementation time for deploying an eProcurement solution
  • Save time and effort by utilizing fewer resources to process transactions
  • Receive attachments in XML and EDI formats, leveraging internet-based connectivity
  • Gain access to the latest security and encryption technology
  • Ensure transaction integrity through delivery acknowledgement

Energizing Relationships

Becoming an active member of PIDX is the best way to assure that your organization can accelerate the pace and scale of supplier enablement. By adopting the PIDX XML and EDI standards, integration projects will become more predictable in terms of how long they take to complete, the technology required to implement and the number of people necessary for project success.

Join PIDX to have a voice in determining the future standards of eCommerce – a future that will dramatically affect your business and the entire petroleum industry.