Procurement Express, a leading provider of procurement management software, today announced that Black Bear, an oil and gas services provider operating across the Asia-Pacific region, has selected Procurement Express to streamline and automate their procurement operations.
Black Bear, which provides specialized services and tools to drilling operations throughout Asia-Pacific, was seeking a solution to modernize their procurement processes and move beyond manual Excel-based systems. With 20 team members and growing transaction volumes of 20-30 purchase orders per month, the company required a more scalable and efficient approach to procurement management.
“We’re thrilled to welcome Black Bear to our growing community of procurement professionals,” said James Kennedy, CEO & Co-Founder at Procurement Express. “Their decision to implement our platform demonstrates the increasing demand for intelligent procurement automation in the oil and gas services sector, particularly among companies experiencing rapid growth.”
Key Benefits for Black Bear Include:
- Automated PO Generation: Converting supplier quotations directly into purchase orders through advanced OCR and AI scanning technology
- Comprehensive Tracking: Real-time visibility into delivery dates, payment status, and partial deliveries/payments
- Seamless Integration: Direct integration with Xero accounting software and Asset Panda for asset management via Zapier
- Supplier Performance Management: Built-in rating system to track and evaluate supplier performance over time
- Intelligent Document Matching: Automatic matching of invoices to purchase orders through AI-powered scanning
Jeffrey Teo, representing Black Bear, identified several critical pain points that Procurement Express will address: “Currently, tracking purchase orders, delivery dates, and payments through Excel sheets takes significant time to update and manage. We needed a platform that could create POs efficiently and handle the rest automatically.”
The implementation will include a customized setup tailored to Black Bear’s specific workflow requirements, ensuring seamless adoption across their finance and engineering teams. The platform’s ability to maintain separation between commercial and operational data was a key factor in Black Bear’s decision, allowing different teams to access relevant information without compromising sensitive pricing data.
Black Bear joins a growing roster of companies in the drilling and energy services sector that have chosen Procurement Express to modernize their procurement operations, including recent additions such as Alaska Drilling Company.
About Procurement Express
Procurement Express is a comprehensive procurement management platform that helps businesses automate and streamline their purchasing processes. With features including AI-powered document scanning, automated approval workflows, and seamless accounting integrations, Procurement Express enables organizations to reduce manual work, improve accuracy, and gain better visibility into their procurement operations.
About Black Bear
Black Bear is an oil and gas services provider delivering specialized tools and services to drilling operations across the Asia-Pacific region. With a team of 20 professionals, the company supports critical drilling operations throughout the region with a focus on operational excellence and service quality.
