Data and Database Management Software
Wellogix Completes Full PIDX Invoice Implementation in Minutes
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HOUSTON, Aug. 16, 2006 -- Wellogix today announced the deployment of its PIDX Small Business Adapter (SBA). Launched in January and already providing daily cost benefits, the PIDX SBA enables small- to medium-sized oilfield service providers to implement a fully PIDX-compliant invoice process in a fraction of the time and at a fraction of the cost of traditional PIDX implementations.
The adapter offers significant benefits to both the service provider and the operator. By using the Wellogix PIDX SBA, service providers can export invoices directly into PIDX XML from their accounting package and deliver them securely via AS2 to the patented Wellogix Complex Services Management Suite (CSMSM). This allows small businesses to enjoy the benefits of a fully PIDX-compliant transmission protocol,
including security, reliability and non-repudiation of receipt and content, while eliminating the costly and error-prone process of manually re-keying data into an
operator's system. The PIDX SBA will enable Wellogix and its operator clients to rapidly extend the growing service provider network to even the smallest suppliers.
"Previously, PIDX integrations were the realm of large service providers, costing thousands of dollars and taking weeks, sometimes months, to complete. The Wellogix PIDX SBA has established a new, 'game-changing' benchmark for PIDX integrations, having been completed in minutes and costing less than a thousand dollars," said Tim Morgan, Senior Director, Operations, at Wellogix. "The realization of this extremely low-cost adapter for service companies delivers on the Wellogix commitment to continually lower the cost of doing eBusiness for both service providers and operators."
Marc Sailler, President at SOA Pump and Supply, the first company to install the Wellogix PIDX SBA, commented, "The installation and configuration of the Wellogix adapter was very straightforward. The growing number of requests for electronic invoicing from my customers would require me to hire additional resources just to re-key invoice data. This adapter means that I can meet these increasing demands with
my existing personnel. Within the first three months of operation I have seen a reduction of 20 days in my Days Sales Outstanding."
Wellogix offers a range of connection that allows service providers of all sizes and technical capabilities to connect to its growing network.
About Wellogix, Inc.
Formed in 1998 and based in Houston, Wellogix is led by an experienced executive team that truly understands the issues and challenges faced by energy companies and their serviceproviders.
Wellogix delivers on-demand business solutions that support complex services planning, procurement and payment for energy companies and their service providers. The company's
scalable, flexible and standards-based applications are available on-demand and connect to and integrate with clients' existing applications. Wellogix customers realize immediate and lasting value by focusing resources on higher value activities by utilizing business intelligence to improve decisions and by decreasing risk.
In short, Wellogix solutions improve business performance and reduce cost. For more information about Wellogix products or services, visit www.wellogix.com, e-mail
info@wellogix.com, or call 713-621-0931.
Press Contact for Wellogix, Inc.:
Tim Morgan
Senior Director, Operations
Tel:713-621-0931
