Turn your AP process into a strategic business asset
The Paper Invoice Problem
Have you ever lost sight of someone in your AP department because they’re buried underneath the stacks of paper on their desk? Are invoice processing inefficiencies and errors consuming your company’s resources, effectively blinding you to your cost liabilities and causing disputes or late payments that negatively affect your company’s relationship with critical suppliers or joint venture partners?
Cloud-based Exchange & Workflow Integration
Oildex provides centralized solutions eliminating paper processing for supplier invoices or joint interest bills including electronic delivery and streamlined workflow procedures.
- 100% electronic invoicing coverage for supplier invoices
- Reduced coding errors and overpayment
- Tight integration with leading ERP/Accounting systems
Oildex’s software reduces invoice processing costs by up to 70%.
Near Real Time Visibility
Our solutions improve your visibility with up-to-the-minute cost data for better capital management. Improve your analysis by ensuring the right costs are allocated to the correct properties, account codes and AFEs
- Reduced invoice processing time by as much as 89%
An Extensive Oil and Gas Community of Supplier and Owners
We help increase collaboration with the largest oil and gas specific network of electronic suppliers and proactive onboarding program with the goal of participation and delivery, not just connection.
- Attain a fast ROI when you receive a high ratio of invoices electronically
Maintain Good Supplier and Partner Relations
You can enjoy more profitable business relationships with your critical suppliers and partners through better collaboration, improved visibility into your invoice process, quicker dispute resolution and faster payment.
- Eliminate late fees and capture early payment discounts