Mitigating Contract Value Leakage Through AI-powered Automation for a Global Oil and Gas Leader

Background and Business Challenges

Solution and Benefits

When Contract Management Needs New Efficiencies

Oil and gas operators rely on service providers for a wide range of operations across the value chain. These services are governed by complex contracts that must adhere to strict regulations, defined business rules, and contractual durations.

Validating invoices against contracts remains a manual, time-intensive process, with auditors sifting through large volumes of timesheets, invoices, and third-party documents. Misalignment between invoices and contractual terms often results in payment delays, financial discrepancies, and increased administrative overhead. The lack of automation in this process makes cost optimization difficult, leading to potential revenue loss.

“Misalignment between invoices and contractual terms often results in payment delays, financial discrepancies, and increased administrative overhead.”

Empowering AI Solutions for Seamless Compliance

Infosys developed a computer vision-based solution that extracts business rules from contracts and automatically validates invoices against agreed terms. By intelligently processing large volumes of timesheets and third-party documents, the system ensures that invoices align with contractual obligations, reducing errors and preventing financial leakage.

Benefits:

Increased Productivity: Automates invoice auditing, reducing manual effort and validation time.
Improved Accuracy: AI-driven checks ensure invoices adhere to contract terms, minimizing disputes.
Significant Cost Savings: Enabled savings of up to $6M for a US-based refinery.