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OILDEX RELEASES MOBILE INVOICE TECHNOLOGY FOR SPENDWORKS

(December 10, 2013)

DENVER, Dec. 10, 2013 (GLOBE NEWSWIRE) -- Oildex, the innovator of smart information management solutions for the oil and gas industry, is pleased to announce the release of Spendworks Mobile Approval, one of the first mobile invoice solutions designed specifically for E &P operators. Spendworks Mobile Approval is a complimentary feature of Oildex's eInvoice delivery and workflow solution, Spendworks 4, which is proven to speed up the accounts payable cycle.



Oildex understands the real work in the oil and gas industry does not happen behind a desk but in the field and on the go. With Oildex's new Mobile Approval feature, companies maximize productivity with anytime, anywhere access to Spendworks. Users review, approve, comment and route vendor invoices using iOS and Android powered smartphones and tablets. On-the-go convenience to invoices means shortened approval cycles, greater opportunity to capture early payment discounts and better cash flow management.



"To make on-the-go employees more productive, the oil and gas industry is becoming increasingly reliant on mobile devices like smart phones and tablets," said Michael Corbett, Oildex VP of Marketing and Product Management. "Oildex's new Spendworks Mobile Approval solution puts the power of the desktop into the hands of operational staff, wherever they may be. Spendworks Mobile Approval is another example of what Oildex is doing to help move the oil and gas back office to the forefront of business productivity."



About Oildex



Oildex provides smart information management and business process automation Software-as-a-Service (SaaS) solutions to over 7,900 companies and 130,000 registered users in the oil and gas industry. The Oildex suite of services streamlines operations, enabling companies to shift from paper-based processes to electronic, and provides tools for companies to track and understand their transactions in near-real time. Currently available services include: digital and scanned invoice processing (Spendworks™ and Spendworks Complete™), owner/producer relations data posting (Owner Relations Connect™), check stub reporting (Checkstub Connect™ - CDEX), scanned check stub reporting (CDEX Complete™), joint interest bill processing (JIB Connect™), scanned JIB processing (JIB Complete™), crude oil data exchange (Run Ticket Connect™ - CODE), and production and sales volume reporting. Oildex has offices in Denver and Houston. For more information, please visit www.oildex.com.


CONTACT: Courtney Brewer
Oildex Marketing and Public Relations Manager
Phone: 303.222.6139 | Email: cbrewer@oildex.com



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