Cindy Kelemen
Marketing Director
DO2 Technologies
ckelemen@do2.com
DO2 Technologies Inc., a software solutions company that optimizes financial and operational processes between energy companies and their suppliers, announced the introduction of OpenInvoice Image — new technology expanding the capability of their flagship OpenInvoice technology.
DO2 Technologies’ OpenInvoice Professional product is the most widely used e-invoicing technology in oil and gas. It automates the process of invoice generation, receipt, adjudication and approval, and streamlines traditional labor-intensive paper-based workflow processes. In addition, detailed spend data acquired through the invoice process can be analyzed to identify inefficiencies and enable improved operational performance.
OpenInvoice Image, an add-on module, enables the operating company to use the OpenInvoice workflow engine, even for those invoices that are still submitted manually. By converting the paper invoice to a digital image through the OpenInvoice Image module, the same processing, routing and approval workflows that OpenInvoice Professional users enjoy for processing electronic invoices, are now available for paper invoices as well. In addition, cost categorization can be applied to the paper invoices, allowing an operating company to immediately analyze 100% of their spend.
Using OpenInvoice Image, users now have a single method for processing all incoming invoices, whether paper or electronic. This provides a seamless transition as suppliers and operators move from paper-based invoicing to electronic invoicing. Paper invoices and field tickets are scanned and converted to digital invoices before being routed to specific company departments or individuals. After coding and approval, the invoice information is uploaded directly into the operating company’s financial system for settlement.
“Existing customers have already begun expanding their implementations to include OpenInvoice Image,” said Rod Munro, President and CEO, DO2 Technologies. “They realized that having one system for all invoices is of great benefit and now with the release of Image, their personnel have a uniform process for coding and approvals, and the transition from paper to electronic invoices will be virtually seamless.”
DO2 Technologies 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, and Purchasing departments, as well as external service suppliers and partners all use DO2 Technologies solutions.
Cindy Kelemen
Marketing Director
DO2 Technologies Inc.
(713) 260-9693
ckelemen@do2.com
http://www.do2.com