Royalty Check Stub Detail
Are you still manually processing your check stub details the old fashioned way? Sending paper check stub statements is time consuming and costly. The Oildex electronic check stub exchange streamlines the process, saving you time and money. And, as the industry’s first, most reliable, and most secure electronic document exchange, Oildex has processed over 1 trillion lines of check stub detail over the past ten years.
Checkstub Connect (CDEX)
Oildex's Checkstub Connect (CDEX) is the only oil and gas royalty management software with the ability to receive check stub detail through the nation’s largest and most secure network. Currently, Oildex’s network of oil and gas remitters can securely send and receive revenue detail with the assurance of SSAE 16 SOC 1 Type II compliance. Oildex is the only solution that has achieved SSAE 16 compliance for over 9 consecutive years.
Through Oildex’s CDEX exchange, revenue data is delivered electronically and easily imported into an existing accounting software system or downloaded into a spreadsheet.
Improved Operational Efficiency
With Oildex, Revenue Accounting can eliminate the need for time-consuming, manual, paper-based processing. Additional benefits of using our royalty management software include:
- Simplified, streamlined revenue data exchange
- Decreased errors and delays
- Leverages CDEXML standard
Better Visibility and More Profitable Business Relations
Companies that use the Oildex electronic exchange platform have significantly reduced their revenue processing time, gained better visibility into their revenue stream and improved their relations with owners and clients.
- Make well-informed decisions with timely access to essential business data
- Integrate with leading ERP and accounting systems
Features and Functionality
- Scanning and keying available for paper check stubs
- SSAE 16 SOC 1 Type II compliance for enhanced security of operator and owner data
- Post revenue detail to the Oildex Owner Relations Connect portal to provide self-servicing capabilities that reduce the time spent assisting your partners and owners
Learn how you can electronically receive your check stub detail to improve operational efficiency for more profitable business relations.