Digital Oilfield

January 30, 2006 09:15 ET

Digital Oilfield Introduces New Module to Automatically Approve Invoices

HOUSTON and CALGARY, Alberta--(CCNMatthews - Jan 30, 2006) -

Digital Oilfield's Solutions Further Streamline the Invoice Process by Automatically Approving Invoices Meeting Certain Criteria Through OpenInvoice AutoApprove™

Digital Oilfield Inc., a software solutions company that optimizes financial and operational processes between energy companies and their suppliers, announced the introduction of OpenInvoice AutoApprove to automatically approve specific invoices that meet defined criteria.

An optional module to Digital Oilfield's flagship electronic invoicing solution, OpenInvoice, AutoApprove allows the operating company to set parameters that will drive the automatic approval of selected invoices. With AutoApprove, the system is configured to automatically approve invoices in several ways: for example, with a dollar value below a certain threshold, or when field ticket and invoice line-items match exactly, or when all invoices from a particular vendor fall below a certain dollar threshold, or the invoice matches the applied contract pricing.

"The over-riding objective of AutoApprove is to eliminate the manual invoice approval process altogether--so that high value domain professionals don't spend time checking and reconciling invoices to determine what the correct pricing should be, or whether or not a field representative approved the scope and quantities of goods and services in the transaction," said Rod Munro, President, Digital Oilfield.

OpenInvoice AutoApprove is an application in Digital Oilfield's OpenInvoice Suite™, the leading electronic invoicing solution for the oil and gas industry. OpenInvoice automates paper-driven processes between suppliers and operating companies by automatically coding line items, tracking inquiries, resolving disputes and seamlessly linking spend information to corporate financial systems.

About Digital Oilfield Inc.

Digital Oilfield delivers Internet-based solutions that automate and integrate financial and operational processes between energy companies and their suppliers. Our products simplify complex workflow processes and enable collaboration within and between organizations. Drilling, Production, Finance, Procurement departments, as well as external service suppliers and partners all use Digital Oilfield solutions.

Digital Oilfield Inc., digitaloilfield.com, OpenInvoice and the Digital Oilfield Inc. logo are either trademarks, trade names or service marks of Digital Oilfield Inc. and its licensors, or are the property of their respective owners. These marks may not be copied, imitated or used, in whole or in part, without the express prior written permission of Digital Oilfield Inc.

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