Axxis Introduces an All-in-One System for Transactional Documents

March 1, 2009 – Axxis, a proven leader in the creation and delivery of software and market data solutions, is introducing TransactionRite, an all-in-one system to capture, normalize, translate, match, interface, and publish transactional documents. Every company purchasing fuel must reconcile their financial documents and pay their invoices in a timely manner which can be time-consuming and error-prone. Incoming documents are not usable until they are translated or hand-keyed and Bills of Lading (BOLs) must match delivery tickets and invoices etc.

A majority of the industry sorts through piles of these documents resulting in a manual and expansive effort. Some vendors have attempted automation but still provide little integration and control of the process. For the first time, companies purchasing fuel are no longer required to normalize their own documents and maintain their cross-reference tables. Axxis provides the ability to report and modify invoice data prior to exporting to a back office application.

TransactionRite automates your financial transaction processing allowing you to automatically:

• Capture: automatically capture BOLs, EFTs, Invoices and CC memos from DTN or supplier websites.
• Normalize: automatically normalize and store gathered data in a common database with filtering, quick search, and reporting capabilities.
• Reconcile: match your key variables with exceptions highlighted and reported.
• Export: quickly and easily export data with standard interface templates that can be tailored to pass specific transactional data to back office systems.
• Publish: the TransactionRite module also integrates with the NotifyRite application allowing you to publish or send customer specific financial information.

About Axxis Software: Axxis has been a trusted provider of pricing and process automation solutions to the petroleum industry since 1991 and has been a leader in improving efficiency, reducing mistakes and cost cutting. Get technology you can trust and customer support that is there for you when you need it.

Contact: Rich Lisauskas
Phone: 603-216-5353
Email: sales@axxispetro.com