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Overview Paradigm Technologies 2001 Petroleum Financial, Inc. Paradigm Technologies 2002 |
Full Circle Systems & Petroleum Financial, Inc. News ReleaseContact:
FOR IMMEDIATE RELEASE Agreement allows PFI to implement and market a hosted service model for automating land and accounts payable document processes for oil & gas companies Houston and Denver, September 19, 2001 - Full Circle Systems (FCS), a leader in internet-ready electronic document solutions, and Petroleum Financial Inc. (PFI) a leader in outsourcing solutions for the energy industry, today announced that PFI has become a hosting partner for DocVue, FCS' suite of software solutions. The partnership will enable PFI to offer a subscription-based document scanning, workflow, storage, and retrieval of invoice and land documents, completely integrated with the Excalibur EDGE accounting system. The partnership with FCS will create a win-win solution for both PFI and FCS. By creating a hosted service using DocVue, PFI will be able to more productively manage its customer's paper-based business processes regarding land and accounts payable administration while at the same time giving them complete access to the documents and approval processes through the Internet. Jerry Rugg, President of PFI said, "Our alliance with FCS will allow us to streamline business processes that have traditionally been challenging in an outsourced environment. Our total value-add to our customers will improve dramatically." "Many energy companies are looking for more effective ways to manage their business processes through outsourcing so they can focus on managing their portfolios," said Beth Trammell, President of FCS. "With our Internet-ready, electronic document solutions, PFI will be able to create a comprehensive accounting solution that addresses the management of structured accounting data and the unstructured data found in the associated documents. This solution should be compelling to most energy companies and FCS is pleased to have DocVue as part of PFI's service offering." About Full Circle Systems, Inc. Full Circle Systems, Inc. is a software and services company specializing in electronic document solutions. FCS develops and markets DocVue, an integrated suite of electronic document imaging, document management and workflow solutions for streamlining business processes and sharing electronic information within corporations and between their customers and suppliers. DocVue is a robust and cost-effective solution built in JAVA and designed for Intranet, Extranet and Internet applications. Full Circle Systems customers include Calgary Labs, St. Mary Land and Exploration, Pennaco Energy, Callon Petroleum Company and Questar Market Resources Group. For additional information: www.fullcirclesystems.com. About Petroleum Financial, Inc. Petroleum Financial, Inc., a subsidiary of Novistar, focuses specifically on business process outsourcing services specializing in back-office accounting and land administration. The company performs accounting and related services for over 30 companies accounting for approximately 10,000 wells located throughout the United States. PFI's clients enjoy the best in outsourced solutions: access to a skilled staff with a scalable cost structure. For additional information: www.petroleumfinancial.com. Novistar is a leading provider of intelligent business process solutions specializing in the upstream energy industry. Through its strategic alliance with Oracle Corporation and Accenture, Novistar delivers its solutions through three models: business process outsourcing, application hosting services and software license sales. Novistar's solutions provide customers efficiency, flexibility, and greater focus on strategic activities. For more information: www.novistar.com. Back To Press Releases |
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| © 2003 Full Circle Systems Inc., All Rights Reserved | ||||
| Calgary Office: (403) 215-0055 | info@fullcirclesystems.com 1-800-686-8978 |
Denver Office: (303) 697-2050 | ||