Oilfield Service Providers

Unlock liquidity without affecting customer relationships

Supplier-Initiated Payments

Raistone’s Supplier-Initiated Payments (SIP) allow Oilfield Service Providers (OFSPs) to accelerate invoice payment as early as the validation date, without needing approval or notification from upstream or midstream operators.

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Oilfield Services Providers (OFSPs) face long payment cycles, often waiting weeks or months after invoice approval to receive funds. With Raistone’s supplier-initiated payment program, OFSPs can take control of their cash flow, unlock billions in working capital, and build stronger, more resilient businesses.

Tell us a little more about yourself and your business, and someone from our team of financial experts will be in touch.

How it works

See how your business can benefit from Raistone’s Supplier-Initiated Payments program.

All dates are for example purposes only.

Supplier-Initiated Payments

Day 30

The field ticket is approved and sent back to you

Day 31

You generate and submit the invoice to Raistone

Day 32

You are paid by Raistone, there’s no need to wait for customer approval

Day 90

Raistone collects the invoiced amount from the buyer on their normal terms

Benefits of Supplier-Initiated Payments from Raistone

Immediate Access to Cash: Fund invoices on Day 1—no need to wait for customer approval or payment cycles.

No Customer Involvement Required: Maintain existing relationships. Your customers don’t need to be notified or participate.

Unlock Working Capital: Tap into the massive pool of accounts payable tied up across the largest upstream, midstream, and integrated operators.

Competitive Financing Rates: Supplier-Initiated Payment rates may rival or beat traditional secured lines of credit, such as Asset-Based Lending.

Backed by Investment-Grade Debtors: Most operators are investment-grade, making this a low-risk, high opportunity financing option.

Non-debt working capital that co-exists with and complement other lending facilities.

Financing Growth for Oilfield Service Providers in the Energy Supply Chain

As operations for exploration and production companies grow more complex and capital-intensive, oilfield service providers are under increasing pressure to deliver while waiting months to get paid. In a sector known for being highly advanced and fast-paced, it seems the industry is optimized almost everywhere — except payments.