How XcL Midstream Enhanced its Close Process with Proven Technology
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Midstream companies can deliver differentiated value to their customers by using technology to execute and communicate critical services, such as measurement and material balance, allocation, imbalance and cash-out, and invoicing. This webinar explores how XcL Midstream partnered with Quorum to achieve this.
Ryan Kerr, Director of Midstream Services at XcL Midstream, will share insights on how they defined their commercial business processes and implemented tools to enable those processes. The webinar will cover XcL’s priorities and plans, as well as the results, including customer service improvements and avoidance of IT capital and overhead costs.
Main takeaways from the webinar:
- Well-defined processes and a technology roadmap can increase execution speed for labor-intensive, critical business processes like measurement, contracts, scheduling, and accounting
- Quick time-to-value is possible for companies that pair complementary commercial systems with defined business processes
- Midstream operators can increase value-added services to customers by using commercial systems to reduce bulk tasks and manual back-office processes