Workrise
UnclaimedThe source-to-pay solution built for energy companies to optimize workforce, vendors, and capital.
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TL;DR - Workrise
- Source-to-pay platform tailored for the energy industry.
- Manages workforce, vendors, and capital projects with integrated tools.
- Provides visibility, compliance, and optimization for energy operations.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Purpose-built for the energy sector, addressing specific industry needs.
- Consolidates multiple functions (sourcing, compliance, payments) into one platform.
- Offers both direct management and managed service options for vendor solutions.
- Provides real-time visibility into spend and vendor performance for capital projects.
- Access to a vast network of vetted energy professionals and vendors.
Cons
- Primarily focused on the energy industry, which may limit applicability for other sectors.
- Specific pricing details are not publicly available, requiring a demo request.
- Reliance on the platform for critical operational aspects could be a concern for some companies.
Key Features
Workforce Management (contingent labor and staffing solutions)Vendor Management (sourcing, onboarding, compliance, payments, data)Capital Management (real-time spend visibility, project ROI optimization)Staffing & Payroll for energy professionalsAI-powered vendor discovery and managementAutomated rate verification and invoice processingCompliance tracking and document managementRFQ and bid management for strategic sourcing
Pricing
Paid
Workrise offers paid plans. Visit their website for current pricing details.
About Workrise
By Toolradar Team·
RigUp (formerly Workrise) is a comprehensive source-to-pay platform specifically designed for the energy industry. It acts as a full-service execution partner, offering solutions for workforce staffing, vendor management, and capital project management. The platform integrates sourcing, onboarding, compliance, payments, and data analytics into a single system, providing complete visibility and control over operations.
This solution is ideal for energy companies, including those in oil and gas, looking to streamline their procurement processes, manage contingent labor, and maximize ROI on capital projects. It addresses the unique challenges of the energy sector by offering specialized services and a vast network of energy-specific suppliers and professionals, reducing reliance on disparate systems and improving operational efficiency.
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Workrise FAQ
How does RigUp's vendor management specifically address the compliance requirements unique to the Oil & Gas industry?
RigUp Vendor Management verifies all vendor documentation against client-specific requirements and requests new documents annually to continually maintain compliance. This includes managing contracts, HSE, insurance, and invoicing policies, ensuring vendors meet the stringent standards of the energy sector.
Can RigUp integrate with existing enterprise resource planning (ERP) systems used by energy companies for financial reporting and project tracking?
RigUp's platform is designed to provide comprehensive reporting tools for vendor activity, spend analytics, and compliance metrics. While direct integration details are not specified, the platform aims to create an unbroken digital chain for accurate billing and real-time budget tracking, suggesting capabilities to feed into broader financial systems.
What is the typical timeframe for onboarding new vendors through the RigUp platform compared to traditional methods in the energy sector?
RigUp claims to onboard vendors up to six times faster than the industry average. This efficiency is achieved through its streamlined platform and dedicated supply chain teams that handle critical document uploads and compliance checks.
How does RigUp's Capital Management solution assist in managing Authorized for Expenditure (AFE) budgets for large-scale energy projects?
RigUp's Capital Management allows users to build project budgets by importing existing AFEs or using templates. It provides real-time spend visibility into project costs and tracks against AFE budgets, ensuring accurate billing through automated rate verification and digital work orders.
Beyond sourcing and payments, what specific data analytics are available within the RigUp platform to help optimize vendor selection and project execution?
The platform offers comprehensive reporting tools for vendor activity, spend analytics, and compliance metrics. This data allows teams to identify opportunities for optimization, evaluate current suppliers against market rates, and make data-driven decisions regarding vendor selection and project execution.
What is the difference between the 'Direct' and 'Managed' options for vendor solutions, and in what scenarios would an energy company choose one over the other?
The 'Direct' option means the client team handles the heavy lifting with basic support from RigUp, managing compliance and invoicing directly. The 'Managed' option involves RigUp handling everything from onboarding to payments, including full verification and accurate billing, suitable for companies wanting to offload complex vendor management or non-core spend.
Source: workrise.com