SOTA X analyzes tank levels for oil and natural gas companies. SOTA X uses AI-powered OCR to read and compare the real-time data of tank levels. SOTA X can examine your tank level information utilizing AI and ML calculations to assess your 24-hour production and sales. It assists you with predicting your losses and gains in operations. Know more.
Heavy Industrials are compensated for the production of the commodity and charged for power, compression, etc. SOTA X tracks the amount of commodity produced and sold. Lower operational processes are very crucial for managing the cash flow.
SOTA X is equipped with a predictive analytics model that helps to analyze and track the number of barrels sold based on several sets of sensor data, also it helps in further analysis of tank levels, meters, and ML-based rate of change calculations, etc. such organization reached us as of late to comprehend the reason why they have come up short on a significant degree of oil barrels.
When we went over this case and researched, our examination mirrored that the organization had sold 129,598 barrels however they were just paid for 128,396 barrels. Furthermore, if we calculate the cash flow at stake (oil being $75/barrel), payment of an amount of $90,150 was missing.
It was truly a disclosure when we figured out the purchaser had not represented the numbers appropriately for 9 days. Our client (the company) had transparent, defensible and time-stamped sensor data, for which they asked the purchasers to provide proof and paperwork for the same. The purchaser furnished the data except for those 9 days. It was found out that their pipeline & tank measurement systems were not functional for which they entered the data manually. After this disclosure, the buyer had to remunerate the remainder of the amount that they didn't. It was quite a joyful moment for us as we helped our client to recover from the loss.
SOTA X helps to generate automated tickets for trucks that transport the commodity. Manual generation of tickets by the truckers can be a major issue. SOTA X eliminates the manual process of generating correct and accurate tickets. This manual activity can take hours and yet can be incorrect because the frontline workers of the oil and natural gas company had to match it with the same provided by the truckers from the purchasers.
SOTA X has been working seamlessly in large manufacturing industries. We provide real-time data with proper time-stamps that help you to provide genuine and flawless data in case any kind of discrepancies is observed by the purchasers.
Artificial intelligence and machine learning are the next big things that will encompass the major industry to manage cash flows. Be a part of SOTAOG to understand how we can change your fortunes in a stipulated time period and help you scale your profits.