Software offers online/offline ePayable functionality.
Press Release Summary:
Providing tools to process electronic invoices, Spendworks 3 offers instant access to critical business intelligence that can help manage costs and spot opportunities. Platform helps energy companies minimize paper work, verify billing accuracy, and analyze spend patterns. It includes smart mapping for accelerated coding, online/offline reporting for access to data anywhere, and optimized indexing of scanned invoices to speed price verification.
Original Press Release:
Oildex Releases Spendworks 3
Significant enhancements to popular ePayable platform provide energy companies an even simpler, more intuitive way to process invoices and access critical business intelligence online and offline
DENVER and HOUSTON, July 31 /-- Oildex(TM), the leading provider of ePayable, digital data, and spend analysis solutions, today announced the release of Spendworks 3, the latest version of its popular online/offline ePayable 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 online / offline search options to find and process invoices faster
-- Easier smart mapping for accelerated coding
-- Flexible online / offline 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, a Service of Transzap, Inc.
Oildex services simplify financial and operational practices by automating workflow, and replacing paper with digital data. Oildex provides unparalleled access to information on how and where a company spends its money. Through its services, Oildex provides one of the most comprehensive Internet-based data exchanges in the energy industry, serving over 4,200 companies and 44,000 users. Services include digital and scanned invoice processing (Spendworks(TM)), data analysis and business intelligence tools (TrendX(TM)), and digital invoice submission and reporting (RevenueWorks(TM)) owner/producer relations data posting (Owner Relations Connect(TM)), check stub reporting (CDEX), scanned check stub reporting (CDEX Complete(TM)), joint interest bill processing (JIB Connect(TM)), crude oil data exchange (CODE), and production and sales volume reporting. Oildex has offices in Denver and Houston.
The Oildex suite of services is delivered as SaaS (software as a service.) This provides our customers with lower costs of ownership, faster deployment and easier maintenance.
This news release and additional information are available at www.oildex.com/ and at www.transzap.com/.
CONTACT: Karey Goebel, Vice President of Marketing of Oildex, +1-303-222-6116, or Toll-free, 1-888-922-1222, ext. 116, +kgoebel@oildex.com
Web site: www.oildex.com/
