U.S. Bank Corporate Payment Systems

U.S. Bank helps energy-producing organizations streamline payment programs to lower costs and boost efficiency

Commodity pricing continues to plague energy-producing organizations. Moreover, wild fluctuations in supply and demand, a worldwide economic downturn and deteriorating political conditions in key energy regions are making for a grim business outlook. As a result, energy-producing organizations are redoubling their efforts to increase efficiency and better manage risk.

One quick fix is to move small dollar indirect spend – especially purchases associated with remote field locations – out of the payment process and into a less expensive purchasing card program. Automating purchases also helps improve oversight and risk management and, when coupled with innovative payment tools such as U.S. Bank Access^® Online Payment Plus, enhances cash flow.

Contact your U.S. Bank representative for a payment program audit and more information about how U.S. Bank
Corporate Payment Systems can help your organization.