ADP

Editor’s Note: As 2015 draws to a close, it is the time of year when we revisit some of our best articles from the past year. Over the next two weeks, the Payables Place team will share an eight-part series of the “Best of 2015.” Today’s article is the analysis of Oildex’s purchase of ADP’s OpenInvoice that [...]

In late June, Oildex announced that it acquired ADP’s accounts payable automation business, including the “OpenInvoice” solution—for an undisclosed purchase price. The acquisition has two immediate consequences: ADP’s exit from the AP automation space, and a consolidation of two competing solutions with strong footprints in the oil and gas industry. Oildex has focused on the [...]

Although ADP is best known for providing payroll services, the company is playing an increasing role in the ePayables space with the ADP Procure-to-Pay (P2P) solutions. ADP has been in this space since January of 2010 through its acquisition of DO2 technologies, a provider of electronic invoicing solutions that was well-established in the oil and [...]