TCI ePay Introducing Oil and Gas Payment Platform at Executive Oil Conference in Midland, Texas

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TCI ePay's Oil and Gas Payment Platform offers new options for Oilfield Supply Chain Finance.

TCI ePay, ePayments, Oil & Gas industry
“Our oil and gas supply chain finance solutions are designed to help buyers capture double-digit discounts, eliminate paper checks, and increase working capital across the entire supply chain,”

Following a highly received debut at the AFP Annual Conference in Washington, D.C., TCI ePay is presenting its payment platform and oil and gas supply chain finance solutions at the Executive Oil Conference in Midland, Texas on November 10th- 11th.

TCI ePay, a TCI company, has over 20 years of firsthand experience financing and onboarding suppliers who have MSAs with North America’s leading oil and gas companies. TCI has long been recognized throughout the oil and gas industry as a financial leader, and now with the development of its oil and gas payment platform, TCI is solidifying its place as a market innovator.

Eric Schoch, CEO of TCI ePay, will be right in the middle of the action at booth #411, introducing TCI ePay and its oil and gas payment platform and supply chain finance solutions.

“Our oil and gas supply chain finance solutions are designed to help buyers capture double-digit discounts, eliminate paper checks, and increase working capital across the entire supply chain,” said Eric Schoch.

“Built exclusively for oil and gas, our payment platform and supply chain finance solutions are backed by 20 years of experience working with payment systems, buyers, suppliers and AP and Treasury for oil and gas – TCI ePay is truly the only service provider of its kind.”

“TCI ePay is changing the way oilfield service and suppliers get paid in North America. No longer will suppliers have to wait for checks to arrive by mail – oilfield suppliers can receive payments much faster via ACH direct payment into their account. Furthermore, with the TCI ePay Payment Platform, suppliers can view the status of their payments online 24-7, increasing visibility into payments across the supply chain,” said Eric Schoch, CEO TCI ePay.

TCI ePay is introducing something never seen before in supply chain finance – the possibility for buyers to earn double-digit APRs. When asked what else separates TCI ePay from its competition, Mr. Schoch urged that 20 years of highly specialized experience onboarding suppliers for oil and gas sets TCI ePay apart.

“Buyers in oil and gas are extremely successful at onboarding their largest suppliers, typically the top 10%. Onboarding the other 90% can be a challenge – that’s where we come in. TCI ePay specializes in onboarding the suppliers that buyers struggle with. That means TCI ePay can deliver the missing piece of the pie – we’ll convert the entire supply chain to ACH thereby eliminating paper checks, help buyers capture double-digit discounts, and strengthen the supply chain more effectively than any other payment platform on the market.”

TCI ePay’s oil and gas supply chain solutions are designed to benefit everyone in the supply chain from buyers and suppliers to relationship banks and partners. Buyers can capture as many or as few discounts as they choose each month, while saying goodbye to the industry-standard APRs. With TCI ePay’s SCF program, buyers can actually save double-digit on their APRs.

TCI ePay gives buyers a streamlined way to eliminate paper checks, migrate to ACH and pay their suppliers much faster. Furthermore, a built-in “Pay Me Now” interface delivers an early-pay option for suppliers where they can get paid in under 24 hours. Suppliers enjoy increased working capital, and buyers secure and strengthen their supply chain.

“TCI ePay has something that benefits the entire supply chain from AP and Treasury at large oil companies all the way to the hardworking water hauler in Midland, Texas. From every angle, we believe our oil and gas supply chain solutions to be the missing piece in a market that is looking for change,” said Eric Schoch.

To learn more about TCI ePay and their payment solutions for oil and gas, visit them on November 10th - 11th at the Executive Oil Conference at booth #411. Or, visit them online at http://www.tciepay.com

Contact information:

Eric Schoch
CEO
TCI ePay
12270 Nicollet Ave South
Burnsville, MN 55337
800.707.4854

About TCI ePay
TCI ePay is an industry-leading financial services and supply chain finance company that delivers innovative payment solutions exclusively to members of the oil and gas industry. The company is headquartered in the Minneapolis/St. Paul suburb of Burnsville, Minnesota. TCI ePay is highly specialized – for over 20 years, TCI’s core competency has been the successful financing and onboarding of small to midsize oilfield suppliers. From supplier onboarding, to critical banking information data management, to paper check to ACH migration, TCI ePay’s dynamic, state-of-the-art electronic payment platform and “Pay Me Now” early-pay program add one-of-a-kind value across the entire supply chain. The company is proud to be recognized for its reliability, flexibility, responsiveness, innovative products, customer service, and exemplary corporate citizenship.

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Glen Herrig
TCI ePay
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