Energy Sector
Numarqe gives Energy, offshore and renewable energy businesses a single platform for managing multi-currency supplier payments, field team cards, project-level procurement and real-time spend visibility — across every entity, currency and jurisdiction.
The challenge
Capital-intensive projects, global supply chains and multi-currency complexity create financial management challenges that legacy banking was never designed to handle — whether you're in conventional energy or renewables.
Hundreds of subcontractor and supplier invoices across projects and currencies — manually processed, error-prone and slowing payment cycles. Whether it's oil and gas sub-suppliers or EPC contractors for a wind farm build, the volume is unmanageable without automation.
Spend is siloed across drilling, exploration, decommissioning and development projects. Finance sees the picture weeks late — long after cost overruns have already happened on the ground or on site.
Payments to global suppliers in USD, EUR, NOK, DKK, AED and beyond — each settled through fragmented banking relationships with opaque rates and no unified reconciliation view.
Rig-based, offshore and field personnel using personal cards or petty cash. No central audit trail, no real-time picture of operational spend, and expense reimbursement processes that take weeks to complete.
Traditional banking credit facilities are sized for balance sheets, not project cash flow cycles. Lumpy milestone payments create acute working capital gaps that standard facilities can't bridge.
PO's raised in one system, invoices in another, payments in a third. No end-to-end procure-to-pay visibility — whether you're managing an offshore rig supply chain or a turbine component procurement programme.
How Numarqe helps
From North Sea subcontractor invoice runs to offshore wind EPC payments and field team expense cards — Numarqe connects procurement, payments, FX and credit in one audit-ready platform built for the complexity of global energy operations.
Process hundreds of multi-currency supplier invoices in a single run. AI extracts and validates every line — accelerating invoice-to-pay cycles across your entire supply chain, whether it's oil and gas sub-suppliers or renewable energy contractors.
Centralise PO's, supplier invoices and approval workflows by project. Finance and operations share one real-time view — so cost overruns surface immediately, not at month-end, whether for a decommissioning campaign or a wind farm development phase.
Issue virtual or physical cards in 30 seconds to any personnel anywhere. Set limits by category, currency and time period — with full visibility the moment any card is used, from a North Sea rig to an offshore wind installation vessel.
For renewable energy developers, every transaction is automatically categorised with GL codes, project tags and spend classifications — building grant compliance reports and ESG spend summaries without manual data assembly.
One platform for every payables workflow — from batch supplier runs to field team expense cards.
Every card transaction, invoice and supplier payment visible in real time — by project, entity, currency and cost centre. Both conventional energy and renewables projects tracked in one dashboard.
Pay suppliers in their currency from your base currency. Transparent FX rates, automatic reconciliation, no hidden charges — whether you're paying a Norwegian drilling contractor or a Danish turbine manufacturer.
Immutable approval trails, dual sign-off and PO-to-invoice matching across all energy operations — satisfying regulatory, HSE and financial audit requirements across all jurisdictions.
Target accounts
Mid-market Energy, offshore services and renewable energy businesses with £20m–£200m revenue and the operational complexity to benefit immediately.
Numarqe has completely transformed our procurement and PO management. Features like auto-matching invoices to PO's and streamlined approval workflows have eliminated the guesswork, giving us real visibility on our project costs exactly when we need it.
Matthew Tait, CEO — Enki Subsea
Book a 30-minute call. We'll walk through how Numarqe fits your specific operations — conventional energy, renewables or both — no generic demos.
