Executive Briefings

Large Natural Gas Producer Saves $1.7M Annually With "ePayables" System

Challenge: One of the largest natural gas producers in the United States reached the point where it was processing over 10,000 invoices/month for its Piceance Basin field office alone. They were unable to process these invoices within the standard 30-day timeframe for payment. "Between late fees, operational costs and strained vendor relationships, our payment processing operation was costing us money," said the client's Team Leader. "This was a major issue for us because we were assessed late payment penalties, and we were unable to take advantage of valuable early payment discounts. This directly impacted the business's bottom line…"

Solution: "We were interested in Transzap's SaaS ePayables system, Spendworks, which we felt would give us the agility we needed...."

Results: "Since we made the move, we are paying our bills on time and we have saved the company an estimated $1.7 million a year in early payment discounts and our supplier relationships have improved."

About the Solution Provider: Transzap's ePayables, eBudgeting, eRevenue, and eStatement solutions boost productivity and cut costs. That's because with Transzap, companies electronically process and track their critical business information in real-time, so they can make better financial and operational decisions faster. Thousands of companies depend on Transzap to help them manage their business processes.

Web:  www.transzap.com and www.oildex.com

Email:  info@transzap.com and info@oildex.com

Phone:  (888).922.1222

Solution: "We were interested in Transzap's SaaS ePayables system, Spendworks, which we felt would give us the agility we needed...."

Results: "Since we made the move, we are paying our bills on time and we have saved the company an estimated $1.7 million a year in early payment discounts and our supplier relationships have improved."

About the Solution Provider: Transzap's ePayables, eBudgeting, eRevenue, and eStatement solutions boost productivity and cut costs. That's because with Transzap, companies electronically process and track their critical business information in real-time, so they can make better financial and operational decisions faster. Thousands of companies depend on Transzap to help them manage their business processes.

Web:  www.transzap.com and www.oildex.com

Email:  info@transzap.com and info@oildex.com

Phone:  (888).922.1222