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, today announced that the current processing rate of spend through its OpenInvoice™ system has exceeded $8 billion per year and more than 4,000 suppliers are up and running on DO2's energy industry platform.
DO2 Technologies has experienced rapid recent growth, bringing on 5 new operating companies and their suppliers to the DO2 Technologies network. DO2's supplier network covers the depth and breadth of the energy industry throughout North America. [Many of our agreements prohibit us from using these company's names in PR without their permission, so we can't list them.] In addition, a broad range of oil and gas operating companies, from some of the world's largest independents through to smaller energy trusts also use DO2's solutions.
DO2's OpenInvoice solution allows operating companies and their suppliers to transact business processes electronically. OpenInvoice automates paper-driven invoicing processes between suppliers and operating companies by automatically coding line items, tracking inquiries, resolving disputes and seamlessly linking spend information to corporate financial systems.
"DO2 Technologies remains the leader in electronic invoicing for the oil & gas industry," said Rod Munro, President and CEO, DO2 Technologies. "The $8 billion dollar mark is significant, as it demonstrates that electronic invoicing is a mainstream technology. Additionally, we continue to deliver significant value to our customers as more suppliers join our network each day."
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, and Procurement 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