Denver-based Transzap Inc. — which through its brand name Oildex is a big player when it comes to handling the accounts payable of oil and gas companies — is getting bigger.
The company said Monday that it has purchased the “procure-to-pay” (P2P) division of Automatic Data Processing Inc. (Nasdaq: ADP) and its OpenInvoice product line.
It's a rival product line that’s also focused on handling the day-to-day financial operations of the oil and gas industry.
ADP is know for handling the…
Denver-based Transzap Inc. — which through its brand name Oildex is a big player when it comes to handling the accounts payable of oil and gas companies — is getting bigger.
The company said Monday that it has purchased the “procure-to-pay” (P2P) division of Automatic Data Processing Inc. (Nasdaq: ADP) and its OpenInvoice product line.
It's a rival product line that’s also focused on handling the day-to-day financial operations of the oil and gas industry.
ADP is know for handling the…