Audit Intelligence is a software solution that identifies and isolates overbilled or fraudulent field tickets and invoices before they are paid to reduce the effort and cost of vendor audits, loss from overbilled invoices, and recovery efforts. Operators can automatically send incorrect field tickets back to a supplier for correction and resubmission, removing unnecessary manual touchpoints from the approval process.
Video: Increase Recovery Amounts from 35% to 100% with Audit Intelligence
Fraud And Overbilling Are Crucial Issues For Oil & Gas
The shale boom has created a huge increase in oil industry activity for land operations in North America. This growth has caused a similar increase in the number of suppliers and field tickets generated for work performed. Low value, high volume activities are a feature of the shale boom – these are perfect conditions for overbilling.
Using data created by OpenInvoice and OpenTicket, Audit Intelligence shows how business automation solutions paired with the power of data and analytics can increase the efficiency of auditing to improve the modern energy value chain and reduce costs.Download Product Overview
Case Study: Concho Reduces Overbilling with Audit Intelligence
Learn how Concho Resources and Enverus joined forces to create Audit Intelligence—a solution that identifies overbilling, empowering operators to prevent fraud and strengthen cost controls.Read Case Study
Stop Losing Money
Automated field ticket analysis detects overbilling and streamlines the audit process, making it faster and easier to uncover and resolve issues
Choose the Best Partners
Audit Intelligence ranks your suppliers by most likely to least likely to overbill, so you have granular visibility into supplier behavior
Why Audit Intelligence?
Focused on prevention, not recovery
The only solution focused on pre-payment prevention instead of post-payment recovery–can increase average recovery rate from 35% to 100%
Built by a team of oil & gas experts
Our team has 30+ years of cumulative experience in fraud detection, audit, law enforcement, and oil & gas operations
Compliments Enverus PriceBook compliance
Audit Intelligence identifies pattern or data abnormalities while PriceBook ensures pricing accuracy