Transzap

Infobox_Company
company_name = Transzap, Inc.
company_
company_type = Private
foundation = 1999
location = Denver, Colorado and Houston, Texas, USA
industry = Software
homepage = [http://www.transzap.com www.transzap.com]

Transzap, Inc. provides a SaaS-based system for exchanging digital transaction data between buyers and suppliers. It also provides workflow and analysis tools for business transactions allowing users to upload revenue and expense information into accounting software and ERP (Enterprise Resource Planning) systems [ [http://sdcexec.com/online/article.jsp?id=1053&siteSection=53 "Supply and Demand Chain Executive Pros to Know"] . Published May 21, 2001.] . Transzap, Inc’s, Oildex service suite delivers these services to the energy industry. Oildex employs the American Petroleum Institute’s [ [http://www.transzap.com/solutions/index.html "Transzap Solutions Overview"] . Accessed February 2008.] PIDX standards for data exchange including Checkstub Data Exchange (CDEX) and Crude Oil Data Exchange (CODE) [ [http://www.api.org/Standards.pdf "American Petroleum Institute Standards"] . Published September 2007.] .

History

Transzap, Inc was founded in 1999 by a team of business professionals with experience in software innovation and business operations. The team developed the Oildex suite of services to specifically address the needs of companies operating within the energy industry.

Products

Spendworks

Transzap's Spendworks is a web-based epayables, supply chain management and EIPP service, that enables buyers to receive and process invoices in a digital format. Spendworks users reconcile invoices to receipts and purchase orders, verify billing accuracy and code and route them for approval [ [http://www.transzap.com/services/spendworks.html "Spendworks Service Overview"] . Accessed February 2008.] .

RevenueWorks

Transzap's RevenueWorks is an EIPP program for sellers allowing them to present eInvoices and bills electronically to their customers using Electronic Data Interchange (EDI), XML, webforms and other customized digital formats [ [http://www.transzap.com/services/revenueworks.html "RevenueWorks Service Overview"] . Accessed February 2008.] .

TrendX

Transzap's TrendX is a graphical tool [ [http://oilit.com/2journal/4php/4_builddoc.php?year=2000&month=8 "Oil IT Journal"] . Published May 2006.] that allows business operators to analyze spend patterns [ [http://www.transzap.com/services/trendx.html "TrendX Service Overview"] . Accessed February 2008.] .

JIB Connect

Transzap's Oildex service, JIB Connect, developed specifically for the energy industry, provides electronic Joint Interest Bills (JIBs)so that owners can receive, process and upload information into their accounting system [ [http://www.oildex.com/services/jibconnect.html "JIB Connect Service Overview"] . Accessed February 2008.] .

Checkstub Connect

Transzap’s Oildex service, Checkstub Connect (CDEX), developed specifically for the energy industry, provides digital revenue data for companies to receive and process electronically [ [http://www.oildex.com/services/checkstub.html "Checkstub Connect Service Overview"] . Accessed February 2008.] . CDEX is the standard sanctioned by the American Petroleum Institute [ [http://www.api.org/Standards.pdf American Petroleum Institute Standards] . Published September 2007.] .

RunTicket Connect

Transzap’s Oildex service, RunTicket Connect (CODE) delivers digitized, run tickets, summary statements and tank tables. Companies use this service to receive their data and upload it into their accounting systems [ [http://www.oildex.com/services/runticket.html "RunTicket Connect Service Overview"] . Accessed February 2008.] . Crude Oil Data Exchange (CODE) is the standard sanctioned by the American Petroleum Institute [ [http://www.pidx.org/standards/upload/codemarch92.PDF "Crude Oil Data Exchange (CODE) Implementation Guidelines"] . Published March 1992. Accessed March 1, 2008.] .

Notable events

In 2005 the World Oil association recognized Transzap's Spendworks as the industry’s 'Best Data Management Solution' [ [http://findarticles.com/p/articles/mi_m3159/is_11_226/ai_n15888660 "Best Data Management Solution Award"] . World Oil. Published November 2005. Accessed February 7, 2008.] . In 2007, Transzap was again recognized by "World Oil" as a Finalist for the industry’s 'Best Data Management Solution' [ [http://www.awards.worldoil.com/awards/index.html "2007 World Oil Finalists"] . Accessed February 2008. ] . In 2006, the publication, "Supply and Demand Chain" named Transzap a “Company to Watch” for the innovation the company demonstrated in its SaaS- based services, Spendworks and TrendX [ [http://www.sdcexec.com/online/article.jsp?id=8554 "The 2006 Supply and Demand Chain Executive 100"] Published June 2006.] . In 2006, Transzap achieved SAS 70 Type II certification as defined by the American Institute of Certified Public Accountants (AICPA). A SAS 70 Type II report ensures that controls are in place to manage and protect customer data in compliance with the SEC's Sarbanes Oxley Act of 2002 [ [http://www.oildex.com/press/press_01.16.08.html "Transzap Awarded Third SAS 70 Type II Certification"] . Published January 16, 2008.] .

Partnerships

Transzap's services interface with accounting and ERP (Enterprise Resource Planning) systems including: SAP AG, Oracle, Avatar, Questa, Bolo Systems, CGI Group, Enertia Software, P2 Energy Solutions, OGSYS, SSI and others.

References

External links

* [http://www.Transzap.com Transzap]