(Source: Datamonitor)
Newfield Exploration, a crude oil and natural gas exploration and production company, has implemented Spendworks system from Oildex, a provider of SaaS-based e-payables, digital data, and spend analysis solutions, to streamline its invoice workflow and approval processes.
Oildex has said that Newfield Exploration is using its Spendworks ePayables platform to transition its invoice processes from paper-based to digital.
Oildex has also said that its Spendworks helps energy companies like Newfield Exploration reduce paper work, verify billing accuracy, and analyze spending. These process improvements have helped Spendworks customers reduce document handling times and associated costs.
Peter Flanagan, CEO of Oildex, said: "With the help of Spendworks, businesses like Newfield Exploration are able to process data more quickly and more accurately than ever before. We are confident, that like our thousands of satisfied customers in the energy industry, Newfield Exploration will experience significant time and cost savings."
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