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Press Release

Transzap Announces Milestone, Record Number of Companies Employ Oildex’s Smart Data Management Solutions

>PRWEB.COM Newswire

Denver, CO and Houston, TX (PRWEB) June 06, 2013

Oildex, the innovator of cloud-based smart information management solutions for the energy industry, is pleased to announce that a record number of new customers have employed its ePayables, eRevenue and eStatement services. Over the previous year, the number of customers who adopted Oildex’s solutions grew by more than 53% and new revenue increased by nearly 50%. A corporate growth initiative executed just over 12 months ago by Transzap's board of directors and President and CEO, Richard Slack, along with one of the most experienced software teams available, is credited for this success.

Oildex’s mission is to transform the way energy companies run their businesses. By delivering SaaS-based applications that enable oil companies, their joint venture partners and suppliers to electronically exchange, process and analyze their critical information, businesses conduct operations more efficiently and make informed financial decisions.

Oildex’s software is safe and secure, performs at 99.99% system up-time and utilizes state of the art infrastructure. Oildex is relied-on by all major oil companies, hundreds of independent oil and gas producers, the world's largest banks, thousands of energy industry suppliers and millions of royalty and working interest owner connections.

“These are exciting times for Oildex,” shares President and CEO, Richard Slack. “We continue to see strong demand for our products and services and expect these growth levels to persist into the future. Oildex delivers tremendous value to the industry by providing superior software-as-a-service (SaaS) solutions built on a thorough understanding of the energy industry and its processes.”

About Transzap, Inc.
Transzap™, the parent company of 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 natural 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™), business intelligence (Trendx™), 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™), budget creation and approval (AFEworks™), crude oil data exchange (Run Ticket Connect™ - CODE), and production and sales volume reporting. Transzap has offices in Denver and Houston. For more information, please visit or

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