TCI ePay Attending 2015 NAPE Summit February 10-13
Burnsville, Minnesota (PRWEB) February 12, 2015 -- The 2015 NAPE Summit in Houston takes place February 10th-13th. The four-day event brings together 17,000 oil and gas professionals to connect and network with some of the biggest leaders in the upstream oil and gas industry.
TCI ePay representatives Eric Schoch (CEO), Kathleen Nugent (Senior Product Manager), Kelly Nelson (SVP Business Development) and Greg DeBenedetto (SVP Business Development) will be in attendance at booth #2962.
TCI ePay, a TCI Company, is launching an industry-first electronic payment and supply chain finance solution built exclusively for the oil and gas industry. Their solution includes no-hassle vendor onboarding, electronic payments for general AP, royalty payments, early pay for the whole supply chain, and can even be white-labeled.
And, it’s launching at the right time. Following the recent trends in oil pricing, Eric Schoch CEO explains how TCI ePay’s solution is not only relevant, but also the necessary solution to help bring liquidity into the supply chain.
“TCI ePay’s solution is designed to reduce inefficiencies, mitigate financial risks and increase liquidity in the supply chain. That’s especially important now, following the recent downturn in the oil market. With TCI ePay, both exploration companies and vendors benefit. Firstly, we move vendors to electronic payments and eliminate paper checks. Secondly, our solution enhances vendor relationships (and extends DPO) by providing increased working capital through approved invoice financing. Thirdly, we give exploration companies the opportunity to utilize excess cash to invest in self-funded early payment of vendor receivables,” said Eric Schoch.
Greg DeBenedetto, SVP of Business Development, explains how TCI ePay adds value across the entire supply chain.
“TCI has over 20 years of firsthand experience working with operators, vendors and third-party invoicing platforms for major oil and gas companies. Right now, we’re seeing payments slowing down, paralleling the recent prices in oil and gas. TCI ePay’s solution is so important at this time because it brings liquidity into the supply chain. TCI ePay delivers early-pay options, improves relationships and efficiency, and increases working capital. It’s a win-win scenario for all parties involved,” said DeBenedetto.
“We understand that to earn business, we must listen to our clients, adapt to market forces, anticipate their challenges, and act to create real value. TCI ePay’s electronic payment and supply chain finance solution is our response to a changing market. We believe it’s exactly what the oil and gas industry needs. If you get the chance, please stop by booth #2962 at the 2015 NAPE Summit in Houston. We know you’ll find the right fit with TCI ePay,” said Eric Schoch.
To learn more about TCI ePay and their electronic payment and supply chain finance solution for oil and gas, visit them at booth #2962 during the 2015 NAPE Summit in Houston, or visit them online at http://www.tciepay.com
Contact information:
Greg DeBenedetto
SVP Business Development
12270 Nicollet Avenue South
Burnsville, MN 55337
gdebenedetto(at)tciepay(dot)com
800.707.4854
Kelly Nelson
SVP Business Development
12270 Nicollet Avenue South
Burnsville, MN 55337
knelson(at)tciepay(dot)com
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.
Glen Herrig, TCI ePay, http://www.tciepay.com, +1 (952) 656-3419, [email protected]
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