2008-08-22 16:34:04 -
- DO2 Technologies Inc., the global leader in electronic invoicing, today announced that NAL RESOURCES MANAGEMENT LIMITED (NAL) signed a multi-year agreement to license OpenInvoice(TM), DO2's electronic invoicing platform to improve and enhance accounts payable processes.
NAL and DO2 will begin implementation of OpenInvoice immediately to NAL's upstream and midstream operations with an anticipated "go live" date of September
2008.
"Invoicing represents one of the largest categories of transactions that companies engage in with business partners," said Rod Munro, President and CEO, DO2 Technologies. "We are pleased to assist NAL in realizing material cost savings and improved business processes by streamlining and automating their invoice workflow process."
OpenInvoice is DO2's SAAS (software-as-a-service), web-based electronic invoicing platform. Buyers and suppliers utilize OpenInvoice to electronically transact with one another. This collaborative tool provides an online environment for sending, receiving, coding, adjudicating and approving invoices.
About DO2 Technologies Inc.
DO2 Technologies Inc. (www.do2.com) is the leading global provider of electronic-invoicing software solutions that enable buyers and suppliers to automate shared financial processes. More than 27,000 users at over 9,000 companies use DO2 solutions to process millions of e-invoices and procurement documents annually. DO2's OpenInvoice(TM) platform delivers the most complete solution, offering modules covering the full scope of procurement to payment business functions; from purchase-order integration and transaction processing to discount management, price compliance and approvals workflow.
DO2's solution platform is pre-integrated with financial accounting systems from SAP(TM), Oracle(TM) and many other ERP providers. OpenInvoice is NetWeaver(TM) certified and provides complete support for SAP/SRM(TM) integration; from purchase-order punch-out to service-entry and goods receipt reconciliation.
DO2 Technologies is an SAAS (software as a service) company, delivering its solutions to customers "on-demand" over the Internet, allowing rapid adoption, lower cost of ownership and faster customer return on investment.
About NAL Resources Management Limited
NAL manages approximately 42,000 BOE per day and operates 75 per cent of this production on behalf of NAL Oil & Gas Trust (the "Trust") and a subsidiary of Manulife Financial Corporation, a major Canadian financial institution. There are currently over 350 dedicated team members working at NAL in both Alberta and Saskatchewan. Our core areas include southeastern Saskatchewan, central Alberta, northeastern British Columbia and Lake Erie, Ontario.
DO2 Technologies Inc., do2.com, OpenInvoice and the DO2 Technologies Inc. logo are either trademarks, trade names or service marks of DO2 Technologies Inc. and its licensors, or are the property of their respective owners. These marks may not be copied, imitated or used, in whole or in part, without the express prior written permission of DO2 Technologies Inc.
DO2 Technologies Inc., Houston
Cindy Kelemen, 713-260-9693
ckelemen@do2.com
www.do2.com
