Oildex's Checkstub Connect (CDEX) is the oil and natural gas industry's largest revenue data exchange. Over 800 energy companies use Checkstub Connect to receive, verify, and upload revenue detail – without hand keying. With Checkstub Connect, revenue data is delivered in a digital format that is imported directly into an energy company's existing accounting software system or downloaded into a spreadsheet. This speeds up the revenue data entry process and helps reduce costs.
Checkstub Connect can also be integrated with Oildex's
CDEX Complete service, giving energy companies the ability to convert paper check stub detail into digital, uploadable CDEX data. That way they can process all of their revenue detail through a single electronic system.
Checkstub Connect utilizes the industry's CDEXML standard, so energy businesses receive rich, easy-to-use data.
Benefits:
- Simplifies data entry by eliminating hand keying, reducing costs up to 70%
- Ensures coding consistency from month to month, reducing errors by as much as 80%
- Provides fast access to revenue information, so decisions can be made faster
- Captures 100% of critical revenue data