DO2 Releases Significant Enhancements in New Version of Industry Leading OpenInvoiceTM Platform

CALGARY, Alberta & HOUSTON & LONDON--DO2 Technologies Inc., the global leader in electronic invoicing, today announced that it has released significant upgrades to its flagship e-invoicing platform, OpenInvoice^TM.

The OpenInvoice platform comprises a complete suite of electronic invoicing functions for buyers and suppliers including electronic invoice submission and adjudication workflow, early payment discount management, receipt management and matching, price reconciliation, and much more. OpenInvoice Receipt, a module of the OpenInvoice platform, allows both the buyer and supplier to quickly and easily approve goods receipt and service charges at the work site or delivery location every day. Fully integrated with OpenInvoice, OpenInvoice Receipt provides for the first time a true electronic receipt document, which has been the missing link for fully automated approvals through electronic three and four-way matching.

This particular release focuses on a number of automation enhancements that will bring significant value to DO2 customers. They include:

• Supplier Self-Registration: a module that automates many of the manual tasks associated with supplier on-ramping, including contacting the supplier, gathering needed supplier information, and communicating with buyers regarding enablement. The Self-Registration Module also gives buyers complete visibility into the status of their supplier enablement projects.
• A number of enhancements to OI Receipt, including enhanced Seller and Buyer Dashboards for easily viewing the status of all receipts, powerful custom search functionality, and a Seller Charge Wizard and Invoice Wizard. All of these changes significantly increase the ease-of-use of the application, and is expected to drive even broader adoption of the solution, which has already been implemented at over 1200 field and delivery locations.

“This release includes a number of enhancements for our customers that will even further improve the entire e-invoicing process,” says Doug Spackman, EVP Development at DO2. “We have a long history of innovation, and are continuing to push the envelope, driving for more and more automation, even to the point of fully automated approvals. Our customers need this level of value if they are going to thrive in today’s hyper-competitive environment.”

About DO2 Technologies Inc.

DO2 Technologies Inc. (www.do2.com) is the leading global provider of electronic-invoicing software solutions that enable buyers and suppliers to automate shared financial processes. More than 27,000 users at over 9,000 companies use DO2 solutions to process millions of e-invoices and procurement documents annually. DO2's OpenInvoice platform delivers the most complete solution, offering modules covering the full scope of procurement to payment business functions; from purchase-order integration and transaction processing to discount management, price compliance and approvals workflow.

DO2's solution platform is pre-integrated with financial accounting systems from SAP™, Oracle™ and many other ERP providers. OpenInvoice is NetWeaver™ certified and provides complete support for SAP/SRM™ integration; from purchase-order punch-out to service-entry and goods receipt reconciliation.

OpenInvoice is a SAAS (software as a service) solution, delivered "on-demand" over the Internet, allowing rapid adoption, lower cost of ownership and faster customer return on investment.