DAVI

DAVI is Weaver’s proprietary analytics tool that reveals insights into duplicate payments and helps you manage the vendor master file.

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Based on available data, DAVI not only identifies duplicate invoices, it also highlights common areas that may have an impact on internal controls and business objectives,
providing insight that the businesses can use to operate more effectively.

The program generates a custom dashboard of insights that help you understand your payables process without digging through hundreds of transactions. And, with the power of PowerBI, your dashboard is not limited to the periodic updates. We share the dashboard source file allowing you to generate the information on demand. Our process automation team can even help you set up the dashboard to update in real-time.

Built by energy professionals for energy professionals.

Recover Duplicate Payments

Did you already approve that invoice from last week? With complex operations and capital programs that can often strain the capacity of your organization, invoice duplication is the last thing on your team’s mind. With specific analytics targeted to find common errors, you can stop incorrect payments before they impact your bottom line.

Identify Duplicate Vendors

Don’t wonder if your vendor master file is up to date, be confident in it. Company name changes, acquisitions, divestitures, and office moves all conspire to fill your vendor master file with deadwood and unused records, increasing your vulnerability to spear phishing attacks and human error.

Empowering Purchasing

Arm your teams with the best information to negotiate to save you dollars. Managing LOE costs, negotiating discounts for bulk purchasing, monitoring vendor compliance with contract rates are all difficult and manually intensive processes with many purchasing teams or engineers purchasing what is easiest rather than the best value for your company.

Highlight Pad-Split Invoices

What vendors are splitting invoices across pads? Was that actually a duplicate invoice? Stop chasing and manually aggregating invoices to get a real picture of your operations.

Our Analytics

DAVI identifies usable results for the organization to pursue recoveries for more than just direct comparisons. Whether using “fuzzy match” algorithms to identify substantially similar invoice detail or using our experience of oil and gas operations to exclude false flags, the organization can be sure to maximize their recoveries.

See it in action.

We worked with a client to process over a year’s worth of invoices with more than $4bn of spend analyzed across 50,000 transactions in less than ten minutes. Outlined below is a summary of results, ultimately leading to several hundred thousand dollars of recoveries.

Case Study for DAVI