OILDEX RELEASES SPENDWORKS 3
Significant enhancements to popular ePayables platform provide energy companies an even simpler, more intuitive way to process invoices and access critical business intelligence online and offline
DENVER and HOUSTON − January 31, 2008 - Oildex, the leading provider of ePayables, digital data, and spend analysis solutions, today announced the release of Spendworks 3, the latest version of its popular online/offline ePayables functionality. Featuring a new, user-friendly graphical user interface (GUI), Spendworks 3 gives customers one-click access to all the tools they need to quickly process invoices. It also provides them with instant access to critical business intelligence that can help manage costs and spot opportunities.
The Oildex Spendworks platform helps energy companies reduce paper work, verify billing accuracy, process electronic invoices and analyze spend patterns, so Engineers and Managers can better decide how and where to spend time and resources. These process improvements have helped Spendworks customers reduce document handling times and associated costs by up to 75%.
Spendworks 3 builds on the existing Spendworks platform, further streamlining core business processes and making it easier for customers to process invoices both online and offline (from remote offices or in the field).
Included among Spendworks 3's new features are:
Peter Flanagan, President and CEO of Oildex said, "This new version of Spendworks 3 represents a breakthrough in the usability of ePayable systems. It provides our many energy industry users with an enhanced platform, that is easier to use and faster than ever before. The intuitive interface and new, time-saving features were built to specifically address the needs of busy Engineers, Accountants and Managers, who need a system that is highly effective while being user-friendly and easy-to-learn."
About Oildex
Transzap™ is the parent company of Oildex, which operates one of the energy industry's largest SaaS-based (Software as a Service) data exchanges, serving over 4,200 companies and 44,000 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 track and understand their transactions in near-real time. Currently available services include: digital and scanned invoice processing (Spendworks™), business intelligence (TrendX™), owner/producer relations data posting, check stub reporting (Checkstub Connect™ - CDEX), scanned check stub reporting (CDEX Complete™), joint interest bill processing (JIB Connect™), scanned JIB processing (JIB Complete™), crude oil data exchange (Run Ticket Connect™ - CODE) and production and sales volume reporting. Oildex has offices in Denver and Houston.
For additional information, please contact:
Karey Goebel
Vice President of Marketing
Transzap, Inc.
Office: 303-222-6116
Email: kgoebel@transzap.com | kgoebel@oildex.com
DENVER and HOUSTON − January 31, 2008 - Oildex, the leading provider of ePayables, digital data, and spend analysis solutions, today announced the release of Spendworks 3, the latest version of its popular online/offline ePayables functionality. Featuring a new, user-friendly graphical user interface (GUI), Spendworks 3 gives customers one-click access to all the tools they need to quickly process invoices. It also provides them with instant access to critical business intelligence that can help manage costs and spot opportunities.
The Oildex Spendworks platform helps energy companies reduce paper work, verify billing accuracy, process electronic invoices and analyze spend patterns, so Engineers and Managers can better decide how and where to spend time and resources. These process improvements have helped Spendworks customers reduce document handling times and associated costs by up to 75%.
Spendworks 3 builds on the existing Spendworks platform, further streamlining core business processes and making it easier for customers to process invoices both online and offline (from remote offices or in the field).
Included among Spendworks 3's new features are:
- Quick on-line / off-line search options to find and process invoices faster
- Easier smart mapping for accelerated coding
- Flexible on-line / off-line reporting for access to data, anywhere
- Improved indexing of scanned invoices for faster price verification and processing
Peter Flanagan, President and CEO of Oildex said, "This new version of Spendworks 3 represents a breakthrough in the usability of ePayable systems. It provides our many energy industry users with an enhanced platform, that is easier to use and faster than ever before. The intuitive interface and new, time-saving features were built to specifically address the needs of busy Engineers, Accountants and Managers, who need a system that is highly effective while being user-friendly and easy-to-learn."
About Oildex
Transzap™ is the parent company of Oildex, which operates one of the energy industry's largest SaaS-based (Software as a Service) data exchanges, serving over 4,200 companies and 44,000 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 track and understand their transactions in near-real time. Currently available services include: digital and scanned invoice processing (Spendworks™), business intelligence (TrendX™), owner/producer relations data posting, check stub reporting (Checkstub Connect™ - CDEX), scanned check stub reporting (CDEX Complete™), joint interest bill processing (JIB Connect™), scanned JIB processing (JIB Complete™), crude oil data exchange (Run Ticket Connect™ - CODE) and production and sales volume reporting. Oildex has offices in Denver and Houston.
For additional information, please contact:
Karey Goebel
Vice President of Marketing
Transzap, Inc.
Office: 303-222-6116
Email: kgoebel@transzap.com | kgoebel@oildex.com