The rubber stamp requires the supervisor to stamp the field ticket and then manually fill in location UWI / and AFE or cost center and GL code. 28 legible characters, with a signature.

There is an error rate of 30-40% in this manual task.

If any of the coding is in error, a phone call is required to rectify.

If the tickets do not come in with this coding then the operator is required to resupply the codes based on the location.

If the vendor submits an invoice without the GL Code a lookup by a coder or AP is necessary

If a vendor submits an invoice without approver or cost center routing a lookup by a coder or AP is necessary

If any characters on the invoice are incorrect the operator is required reject the invoice and to inform the supplier of the correct information to resubmit for payment.

These errors and omissions are extremely costly for both the operator and the supplier.

With Code-Rte all of the pertinent information is captured at the field level by the supervisor on location receiving the goods or services complete with text and barcode.

The label looks professional and the data is correct.. Invoices with backup field tickets can now go directly from the vendor to the approver via Cortex, fax or email .

BONUS:

With each transaction, the data is captured for cost tracking.

Code-Rite automatically calculates the split on multi or split wells.

This real-time data can be monitored by the approvers or managers in corporate offices anywhere in the world.

The valid data can be exported to excel, access, open wells or wellview saving time on location.

With Code-Rite the field supervisor has the proper tool to “code it rite the first time.”