Industry Focus

Best Practices Assessment & Execution

Opportune has refined a strategic process for evaluating business practices by assessing the tools and technology used to drive your organization’s key business decisions. Our team can help identify ineffective processes or gaps in handoffs to enable competencies to meet or beat industry-leading practices.

Our Best Practices Assessment Services Include:

  • Process Optimization: We address identified bottlenecks and gaps in processes to improve efficiency and productivity.
  • Organizational Alignment: We align the organization on objectives, handoffs, and timelines to ensure everyone is working towards the same goals.
  • Transparency Enhancement: We increase transparency across business units and within teams to improve communication and collaboration.
  • Operational Improvement: We improve day-to-day operations across front, middle, and back offices to enhance overall performance.
  • Technology Leverage: We leverage technology to lessen redundant, low-value-add manual work, freeing up your team to focus on more strategic initiatives.

Our assessments cover a wide range of areas critical to midstream operations, including:

  • Accounting: Accounting Close Process, Gas Statement and Invoice Accuracies, PPA Configuration
  • Compliance: NAESB, Regulatory, SOX, SaaS, Data Security, NIST
  • Risk: Revenue Forecast Modeling, Volume and Price Reporting, Supply/Demand Imbalances, Contract Performance Assessment
  • Contracts: Performance Reporting on short-term and long-term contracts, including Transportation Service Agreements, Plant Producer Processor Contracts, SPAs, Terminal Agreements, DO, GSA, Sales Contracts
  • Scheduling: Pipeline/Cargo Scheduling, CAS, Inventory Balancing, Pipeline and LNG Optimization/Actualization

Sample Midstream Best Practice Assessments

  • Gathering and Processing:
    • Improved shipper survey results by 8 points after shipper experience project focused on shipper training, documentation, scheduling and CAS feature use, and streamlining user personas.
    • Enhanced Commercial impact visibility.
    • Sped up nightly processes by 10% after identifying a unique 2% PPA exception that took up 30% of the nightly batch processing time.
    • Developed business process documentation for Accounting, Scheduling and Contract groups to cut onboarding time in half.
    • Enhanced Audit Trail by creating in and out-of-system reports.
  • LNG:
    • Configured Optimization features in lieu of spreadsheets to maximize daily cargo.
    • Configured un-used modules to yield fully integrated Hydrocarbon Management solution to manage the commercial business processes of LNG from well/contract to cash to improve efficiency, auditability and integrity.
    • ADP/SDS assessments performed to reduce scheduling bottlenecks and optimize lifting schedules.
    • Implemented mobile app to bring more ease to terminal loading/unloading whether online or offline with data sync and conflict resolution features included.
    • Uncovered LNG loading operation inefficiencies and resulted in increased automation of workflow.
  • Transportation:
    • Reduced Accounting Close Timeline by >30%.
    • Re-configured rate and contract term setups that accounted for 35% of the batch process slow-downs.
    • Developed Business process documentation to speed up Plant Accounting onboarding.
    • Performed contract analysis to drive commercial re-contracting strategy.
    • Allocation reconfiguration to handle intra-monthly flow changes and provide the ability to toggle easily.
    • Documented physical allocation network as a reference, to more easily make changes to system configuration as M&A activity increased for the client.

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Our experts are here for you.

When you choose Opportune, you gain access to seasoned professionals who not only listen to your needs, but who will work hand in hand with you to achieve established goals. With a sense of urgency and a can-do mindset, we focus on taking the steps necessary to create a higher impact and achieve maximum results for your organization.

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