FREQUENTLY ASKED QUESTIONS
How can Oildex's solutions improve my business?
Through its line of services, Oildex enables companies to streamline their operations and shift from paper-based processes to electronic, and it helps companies to speed-up the delivery and analysis of critical transaction data. The service provides visibility into up-to-the minute business information and improves workflow within organizations and between business partners.
Oildex services provide energy industry buyers, suppliers, owners, and producers access to industry specific data exchanges and intelligence tools. By processing invoices, field tickets, P.O.s, and check stubs electronically, rich data is available more quickly. In addition, Oildex tools help companies quickly access and unlock the business information that is at the heart of the data, which means they can use information gleaned from the Oildex system to make good decisions, manage costs, identify trends, and spot opportunities.
How are Oildex software solutions delivered?
The Oildex suite is delivered as a software-as-a-service (SaaS) solution. That means, Oildex hosts its software applications on its own servers, which are housed in a secure Network Operations Center. For customers, this means secure access to applications remotely via the Web - seven days a week, 24 hours a day - from any device that can access the Internet.
How is Oildex's Spendworks different from other ePayables solutions?
Oildex's Spendworks is unique in that it was specifically created for energy industry companies. Designed to reduce the amount of paperwork that energy companies must process (as well as the associated costs), Spendworks provides better price and billing accuracy and more efficient invoice processing than other ePayables solutions. It also gives managers access to the business intelligence they need to handle cash management issues, like how and where time and resources should be allocated, as well as the ability to obtain valuable early-pay discounts.
How do vendors submit invoices to operators using Spendworks?
Oildex's Revenueworks is a service for vendors that provides them with access to create and transmit electronic invoices to their customers that use Spendworks. Revenueworks offers a variety of ways to submit electronic invoices, including web forms, spreadsheets, EDI, XML, and custom adaptors that create invoices from popular accounting packages like QuickBooks™. Revenueworks is easy to use.
How quickly can my company be up and running on Checkstub Connect and JIB Connect?
Checkstub Connect can typically be implemented within a few hours. JIB Connect customers can be up and running within a few days.
Are my data and transactions secure?
Transzap, the provider of Oildex's software solutions, has achieved SOC 1 SSAE 16 Type 2 compliance. Compliance on the Statement on Standards for Attestation Engagement (SSAE) 16 SOC 1 Type 2 is achieved through an exhaustive audit of Transzap’s operational systems in addition to the evaluation of procedures critical to processing vast quantities of information, including the exchange of billions of lines of financial transaction detail. For seven consecutive years, Transzap's service auditors have issued a Type 2 Report concerning the design and effectiveness of Transzap's operational controls.
Will Oildex work with my accounting system?
Oildex works with most of the leading accounting software systems used by energy companies, including:
Through its line of services, Oildex enables companies to streamline their operations and shift from paper-based processes to electronic, and it helps companies to speed-up the delivery and analysis of critical transaction data. The service provides visibility into up-to-the minute business information and improves workflow within organizations and between business partners.
Oildex services provide energy industry buyers, suppliers, owners, and producers access to industry specific data exchanges and intelligence tools. By processing invoices, field tickets, P.O.s, and check stubs electronically, rich data is available more quickly. In addition, Oildex tools help companies quickly access and unlock the business information that is at the heart of the data, which means they can use information gleaned from the Oildex system to make good decisions, manage costs, identify trends, and spot opportunities.
How are Oildex software solutions delivered?
The Oildex suite is delivered as a software-as-a-service (SaaS) solution. That means, Oildex hosts its software applications on its own servers, which are housed in a secure Network Operations Center. For customers, this means secure access to applications remotely via the Web - seven days a week, 24 hours a day - from any device that can access the Internet.
How is Oildex's Spendworks different from other ePayables solutions?
Oildex's Spendworks is unique in that it was specifically created for energy industry companies. Designed to reduce the amount of paperwork that energy companies must process (as well as the associated costs), Spendworks provides better price and billing accuracy and more efficient invoice processing than other ePayables solutions. It also gives managers access to the business intelligence they need to handle cash management issues, like how and where time and resources should be allocated, as well as the ability to obtain valuable early-pay discounts.
How do vendors submit invoices to operators using Spendworks?
Oildex's Revenueworks is a service for vendors that provides them with access to create and transmit electronic invoices to their customers that use Spendworks. Revenueworks offers a variety of ways to submit electronic invoices, including web forms, spreadsheets, EDI, XML, and custom adaptors that create invoices from popular accounting packages like QuickBooks™. Revenueworks is easy to use.
How quickly can my company be up and running on Checkstub Connect and JIB Connect?
Checkstub Connect can typically be implemented within a few hours. JIB Connect customers can be up and running within a few days.
Are my data and transactions secure?
Transzap, the provider of Oildex's software solutions, has achieved SOC 1 SSAE 16 Type 2 compliance. Compliance on the Statement on Standards for Attestation Engagement (SSAE) 16 SOC 1 Type 2 is achieved through an exhaustive audit of Transzap’s operational systems in addition to the evaluation of procedures critical to processing vast quantities of information, including the exchange of billions of lines of financial transaction detail. For seven consecutive years, Transzap's service auditors have issued a Type 2 Report concerning the design and effectiveness of Transzap's operational controls.
Will Oildex work with my accounting system?
Oildex works with most of the leading accounting software systems used by energy companies, including: