......................................................................................................................
Time is Money - With ePayables, You Can Process Invoices Faster & More Efficiently than Ever Before
If you want your company to thrive in today's unpredictable economic climate, you need to be able to do more with less. But you can't afford to sacrifice accuracy or efficiency just because times are tough.
That's why Oildex, the industry leader in transaction detail processing, created Spendworks. Oildex's Spendworks is an electronic invoice processing system designed specifically for energy companies. Spendworks is easy to use, integrates with all major accounting and ERP systems, and can save you both time and money.
How SPENDWORKS Works:
Spendworks streamlines the entire invoice handling process -- from receipt all the way to approval -- so you no longer have to manually enter, route, and code paper invoices. Suppliers can electronically upload an invoice directly into the Spendworks application, where your company electronically codes and routes it and then disputes or approves it -- eliminating the paper chase.
Spendworks is flexible and accommodating. If some of your vendors cannot send invoices electronically, you can simply scan their paper invoices and still process them using the Spendworks system. And because Spendworks gives you visibility into the entire invoicing process, you can quickly and easily track the status of all your invoices in real time, whether they are electronic or paper. Best of all, by having the information you need at your fingertips, when you need it, you can make better business decisions.
"The Spendworks suite has changed the way we manage and control our spending. With Spendworks, we've been able to identify trends and spot opportunities with our suppliers. That allows us to make efficient spend decisions, saving us time and resources. The Spendworks suite is a key component to controlling our costs."
Kevin Finnegan
V.P. Information Systems Bill Barrett Corporation
Spendworks is delivered over the Internet, so there is no software to update* or extra hardware to manage.
How SPENDWORKS Can Save You Time and Money:
Reduces processing costs up to 70%
Decreases time it takes to process invoices
Reduces chance of errors and late fees
Ensures price accuracy
Provides clear real-time visibility into spending
Gives buyers and managers remote access to critical information
Creates faster payment cycles so you can get early pay discounts
Creates a complete, electronic audit trail for each invoice, including all related documents, disputes, approvals, and comments, making Sarbanes-Oxley compliance a snap
*updates are handled automatically via the Internet
Click here for more information on how you can improve your invoicing process with Spendworks, or email us at info@oildex.com
