Industry:
Energy and Utilities
Industry:
Energy and Utilities
Regions:
Global
Solutions:
AP Automation
National Oilwell Varco, better known as NOV, is a global provider of technology, equipment, and services for the oil and gas industry. With around 35,000 employees operating across 40 to 50 countries, NOV runs a complex finance environment with high invoice volumes and multiple ERP systems.
NOV partnered with Basware to modernize invoice processing, reduce manual effort, and bring consistency to AP operations across regions and business units.
25%
achieved through Basware’s structured optimization program
One
global AP layer
Single
source of truth for reporting and compliance
Before Basware, invoice processing at NOV was highly manual. Paper invoices, manual approvals, and direct data entry into ERP systems were common across the organization.
“We were dealing with paper invoices, manual approvals, and keying everything straight into the ERP,” says Brent Cazalot, Director of Financial Shared Services at NOV. “At the time, that was just how we worked.”
When NOV first saw Basware in action, the contrast was immediate.
“It was worlds different from what we were used to,” Cazalot says. “Seeing that level of automation was a big shift for us.”
Basware was initially deployed in the US across two ledgers, followed just three months later by a rollout in Norway to prove the concept. With early success established, NOV rapidly expanded Basware across corporate and regional operations worldwide.
“That early rollout showed us the potential very quickly,” says Cazalot. “From there, it became a global platform.”
As Basware scaled, NOV turned its focus to optimization. Some early design decisions no longer matched the volume and complexity of the environment, prompting a structured effort to recalibrate and improve performance.
Over the past year, that work has delivered measurable results.
“Over the last year, we reduced our manual touches by 25%,” says Cazalot. “We did that through Basware’s optimization program and by meeting weekly to identify invoice mapping issues and master data problems we could fix.”
These weekly sessions created a consistent cadence for continuous improvement, with Basware working alongside NOV to resolve issues at the root rather than reacting invoice by invoice.
The impact went beyond efficiency.
“Our teams now understand exactly why an invoice needs attention.” Cazalot explains. “They are not just touching invoices. They are identifying the cause, fixing it where possible, and preventing it from happening again.”
With fewer invoices requiring manual intervention, AP teams now spend more time on higher-value work, including supplier issue resolution and process improvement.
“They are spending less time firefighting,” he says. “And once they see the benefits, they are motivated to keep pushing that number down even further.”
Oracle plays a central role in NOV’s ERP landscape, with Oracle E-Business Suite supporting legacy operations and Oracle Fusion Cloud forming the foundation for the future.
Basware integrates across both environments, providing a consistent AP layer regardless of business unit or geography.
“The first integration took some work to get everything flowing correctly,” says Cazalot. “But once that was done, adding new ledgers and business units became very easy. It is a repeatable process.”
Basware also helped NOV address Oracle-specific challenges driven by localized business practices, including blanket purchase orders, after-the-fact POs, and complex distribution structures.
“Basware helped bring those issues to the surface,” Cazalot says. “We were able to standardize them into a global design, and Basware helps us enforce that design as we continue to roll out.”
From a reporting perspective, Basware has become the system of record across NOV’s Oracle landscape.
“Instead of pulling reports from multiple Oracle ledgers and trying to aggregate them, Basware gives us one source of truth,” he says. “That has been a big advantage for us.”
With Basware, we have a single source of truth across our Oracle environment instead of fragmented reporting by ledger.”
Brent Cazalot, Director of Financial Shared Services at NOV
Basware allows us to scale accounts payable globally without redesigning processes every time we add a new business unit.”
Brent Cazalot, Director of Financial Shared Services at NOV
Operating across dozens of countries means staying ahead of constantly changing regulatory requirements. For NOV, Basware’s compliance insight plays a critical role.
“Compliance is a moving target,” says Cazalot. “Requirements change, deadlines move, and new mandates appear.”
Basware’s compliance reporting helps NOV monitor these changes and plan accordingly.
“For a global company like ours, that insight is extremely valuable,” he explains. “Basware helps us stay on top of what is coming and what we need to prepare for.”
Basware also supports supplier data governance by highlighting discrepancies in supplier master data, allowing NOV to address issues before they impact processing or compliance.
Beyond the technology itself, NOV views Basware as an active partner in optimization.
“Our Basware partners and solution architects know our system very well,” says Cazalot. “They are constantly suggesting enhancements or bringing ideas from other customers that have worked well.”
That ongoing collaboration ensures NOV continues to refine and improve its AP operations as the business evolves.
“When we implement those ideas, they usually prove worthwhile,” he says.