Influential supply and demand chain publication recognizes Oildex's ePayables solution with early payment discount capability as one of the "100 Great Supply Chain Projects" of the past year

DENVER and HOUSTON − May 17, 2011 - Oildex (www.oildex.com), the oil and gas industry's leading provider of ePayables, eBudgeting, eRevenue, and eStatement solutions, is pleased to announce its inclusion in the 2011 Supply & Demand Chain Executive 100. The list recognizes the "100 Great Supply Chain Projects" of the past year. Oildex made the list for its success helping one of the largest natural gas exploration and production companies in the United States obtain significant early payment discounts using its ePayables software, Spendworks.

Oildex, the developer of comprehensive digital data and workflow solutions, provides oil and natural gas companies, as well as their joint venture partners, with software that improves productivity, reduces errors, and helps control costs. Specifically, Oildex's ePayables solution, Spendworks, automates companies' accounts payable and invoice processing, allowing them to pay invoices faster and thus capture valuable early payment discounts.

"Oildex's mission is to transform the way energy companies run their businesses, by radically improving their access to and utilization of supply and demand chain information," explained Peter Flanagan, President, Oildex. "We are honored to be recognized by Supply & Demand Chain Executive - and proud of our ability to help our clients obtain early payment discounts as well as a fast return on investment. And we will continue to develop and deliver services that dramatically improve business operations and enhance supply chain visibility."

"Our goal with this year's '100' was to put the spotlight on successful and innovative transformation projects that are delivering bottom-line value," explained Barry Hochfelder, Editor, Supply & Demand Chain Executive. And helping a client save $1.7 million qualified Oildex's ePayables service as truly transformational.

About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. On the web at www.sdcexec.com.

About Oildex
Oildex, a service of Transzap, provides ePayables, eBudgeting, eRevenue, and eStatement software-as-a-service (SaaS) solutions to the oil and natural gas industry, and serves over 9,000 companies and 200,000 registered users. The Oildex suite of services streamlines operations, enabling companies to shift from paper-based processes to electronic and provides tools for companies to process, track and understand their transactions in near-real time. For more information on Oildex and its services, visit www.oildex.com.

For additional information, please contact:
Karey Goebel
Vice President of Marketing
Transzap, Inc.
Office: 303-222-6116
Email: kgoebel@transzap.com | kgoebel@oildex.com