essDOCS presents CargoDocs at LEAP Conference in Houston
essDOCS VP Americas, Marisa McGuire Martin, recently gave a presentation on the use of CargoDocs electronic Bills of Lading in the Energy sector at the LEAP Business Utilities Conference in Houston, Texas.
Attended by over 75 delegates mainly representing the oil majors, the LEAP Conference provided insights on how leading Oil Traders are using cutting edge technology to collaborate with each other, their vendors, upstream suppliers and downstream customers in order to reduce risk, increase efficiency and drive down costs in an era of cost-containment and market uncertainty.
Marisa’s session, titled ‘Shell Trading & the Paperless Waterfront: Going Paperless with Current Technology’, was co-paneled with Steve Mazzone, Senior Process Architect, Shell Trading. Mr. Mazzone kicked off with a presentation of performance data from one of Shell’s refineries, also providing details on how the oil major is now preparing to take its current paper-based processes to the next level.
Marisa followed with a presentation on the use of CargoDocs in the Energy sector, focusing on the major challenges faced by Energy Traders who rely on paper processes, the shift towards paperless trade and an overview of CargoDocs success stories in Energy and beyond.
The session closed with an informative, thought-provoking audience discussion centered on how solutions like CargoDocs can make operations ecosystems more efficient in practice, with an open dialogue on the next steps required to make use of technologies that drive collaboration, automation and, in turn, efficiency.
About LEAP (Leadership for Energy Automated Processing)
LEAP was formed in 2006. Its mission is to promote efficient and reliable transaction processing within the trading of crude oil and refined petroleum products by means of automation and standardization. LEAP’s founders are a group of oil majors, banks and independent traders, who are the main beneficiaries of automation. The major goals of LEAP include increased accuracy and timeliness, consistency, efficiency, managed risk, and regulatory credibility through voluntary automation and standardization of energy trades. LEAP believes that the automation of transactions presents counterparties with the opportunity to cut down on front office volume limitations and bottlenecking caused by manual processes.