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Digital Oilfield Inc., Calgary, Alberta, a software solutions company that optimizes financial and operational processes between energy companies and their suppliers, has announced that ARC Energy Trust through its subsidiary ARC Resources Ltd. has entered into an agreement to implement Digital Oilfield's OpenInvoice solution to automate and streamline invoicing processes.
ARC Energy Trust, one of the largest conventional royalty trusts in North America and Canada's 14th-largest oil and gas producer, has successfully completed a pilot implementation of OpenInvoice in its Drayton Valley operations. With the success of the pilot, ARC has executed a corporate license for the solution and will deploy OpenInvoice throughout all of its operating areas in Western Canada.
OpenInvoice is a Web-based system that provides a collaborative environment for operating companies and suppliers to manage the invoice process -- eliminating the need to...