Oildex Announces New Royalty Owner Data Management Service

Denver and Houston (PRWEB) May 23, 2013 - Oildex, the innovator of cloud-based smart information management solutions for the energy industry, is pleased to announce the release of Stakeholder, the industry’s most intuitive portfolio management solution built specifically for Royalty Owners.

Stakeholder allows royalty and mineral interest owners to organize, track and analyze their critical mineral ownership, lease and revenue payment information better and faster than ever before. With Stakeholder, property records are securely stored in one location while payment details are accumulated over time.

Stakeholder beta testers, who have evaluated the online portfolio management solution for the last 60-days, have endorsed Oildex’s new service saying, “Stakeholder consolidates information and self-populates data. This is extremely valuable, particularly with Oildex’s single sign-on functionality.”

Oildex’s SaaS-based financial data platform connects oil and gas companies throughout North America and provides the industry’s largest revenue data exchange. Today, Oildex distributes critical information to a network of more than 1,300,000 owner connections.

“At Oildex, we saw a need within the owner community for an automated tool to track revenue payments and interests,” said Oildex’s Vice President, Jim Allison. “Stakeholder is a cost effective and easy-to-use solution that enables owners to accumulate and analyze their portfolio data.”

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 http://www.transzap.com or http://www.oildex.com.