PraxisIQFuseIQby PraxisIQ

Oil and gas operations

Salt Creek

Reconciliation built around exceptions, not manual comparison.

Field spend arrived faster than accounts payable could check it. PraxisIQ deployed a governed workflow that prepares and explains each match before a person approves it.

RecordsMatchExceptions → approval
~$7.09M
in invoice value reviewed across 399 invoice rows.
291
purchase and work order records compared line for line.
~150 → ~30
PO/WOs left in the review queue after matching.

Figures supplied and approved by Salt Creek.

The problem

Checking field spend consumed the capacity finance needed for closing.

  1. 01Invoice lines were matched to purchase and work orders by hand.
  2. 02Real exceptions stayed buried under routine, explainable differences.
  3. 03Faster closing meant either less scrutiny or more headcount.
01What PraxisIQ changed

Six steps from raw records to a retained decision.

Both sides of the comparison are put on common terms first, so every line arrives with the reason it matched or did not. Reviewers spend their time on differences that need judgement.

  1. 01

    Source records

    Invoices, PO/WOs, ledger, and budget as the team keeps them.

  2. 02

    Normalize

    Both sides put on common terms for comparison.

  3. 03

    Match and explain

    Every line carries the reason it matched or did not.

  4. 04

    Isolate exceptions

    Only genuine differences reach a reviewer.

  5. 05

    Human approval

    A named person commits each financial change.

  6. 06

    Evidence retained

    Inputs, reasoning, and approver stay together.

02Where authority stays

The system prepares the decision. A person still makes it.

Nothing is posted or paid automatically. Each exception arrives with its evidence, an accountable approver commits the change, and FuseIQ holds the ownership, approval rules, and measurement for the workflow alongside the rest of the portfolio.

03What comes next
Delivered today
Governed invoice and PO/WO reconciliation running against live field spend, with retained evidence for every approved change.
Planned next
Extension across additional vendors, sites, and adjacent high-volume review queues.
Projected
Further queue reduction as coverage widens; sequencing is ranked in the FuseIQ Program loop rather than chosen ad hoc.

FuseIQ

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