Oildex

Yesterday, Drillinginfo, an Austin Texas-based SaaS and data analytics provider to the energy industry, announced the acquisition of Oildex, a leading oil and gas financial automation software provider. It is the first acquisition by Drillinginfo since the company was itself acquired by Genstar Capital, a San Francisco-based private equity firm back in July. Terms of [...]

Today, Oildex, has announced the release of a new product entitled OpenTicket. The Payables Research Team at Ardent Partners met up with Oildex Chief Marketing Officer, Mike Donaldson, to discuss the new release, the strategy behind the new name, and some of the new features and processing improvements. Below is a recap of our discussion. [...]

Editors Note: Members of the Ardent ePayables Team (Bob & Phil) recently took a briefing with Mike Donaldson, the Chief Marketing Officer at Oildex to discuss three of their five different product lines (OpenInvoice, Field Ticket, and  Oilfield Services Suite), and their plans for the upcoming year. Company Background Oildex which is headquartered in Denver, [...]

The speed of business continues to accelerate while markets expand, shift, merge, and emerge at a pace never seen before. The result is a fast-moving and highly-competitive global marketplace that finds its participants increasingly interconnected and under greater pressure to exploit any and all opportunities that arise. In this business climate, agility and innovation are [...]

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 [...]

Editor’s Note: With this edition, the Payables News Roundup moves to a biweekly posting schedule from a weekly one. We will still write about the most pertinent payables news, but on a slightly less frequent schedule. One of the more important jobs of the accounts payable professional is keeping up with what is happening in [...]

One of the more important jobs of the accounts payable professional is keeping up with what is happening in the industry at large. This is critical for a few reasons, including skills development and the hunt for new technologies, but is sometimes difficult to do. That is why, each week, the team at Payables Place [...]

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 [...]

One of the more important jobs of the accounts payable professional is keeping up with what is happening in the industry at large. This is critical for a few reasons, including skills development and the hunt for new technologies, but is sometimes difficult to do. That is why, each week, the team at Payables Place [...]