March 9, 2016 – DocStar, an award-winning developer of Enterprise Content Management and automated accounts payable solutions, announced today that Sun Oil Limited (headquarters in Nassau Bahamas), a wholesale trader of petroleum products including motor fuels, LPG, jet fuels, and lubricants has purchased DocStar ECM Enterprise Content Management and AP Automation software licenses to gain efficiencies in Accounts Payable and other departments in the organization. Sun Oil will implement DocStar ECM Enterprise Content Management and AP Automation to manage invoices and associated approvals.
Sun Oil is implementing DocStar ECM and AP Automation to gain more visibility from its Accounts Payable process to automate the processing, proofing, storing and archiving of all or most of the hard paper and electronic invoices that flow through the A/P department. Taking advantage of DocStar’s Intelligent Data Capture (IDC) technology, key invoice data will be recognized and invoices will be automatically routed for approval. All data captured will be automatically uploaded into their proprietary AP line of business application to eliminate redundant data entry, saving hours of manual data entry every month. After approval the invoice will be routed back to the AP processor for payment.
“We are excited to have Sun Oil begin the implementation process. We are confident that they will quickly see process improvements that will save time and cut costs across the organization,” commented Greg Cooke, VP of Sales at DocStar.
Sun Oil is a publicly traded company with a massive asset footprint, increasingly complex business deals, and expanding customer base. Sun Oil is anticipating DocStar ECM AP Automation will:
Founded in 1996, DocStar is an award-winning developer of enterprise content management and automated accounts payable solutions for organizations of any size, supported by a highly responsive team. Available either as a software license purchase deployed on-premises or as a cloud hosted service, DocStar solutions empower organizations of any size to gain control over documents, improve records retention and increase operational efficiency. More than 8,000 organizations in North America trust DocStar to increase productivity, reduce cost through process automation and reduce transaction cycle times.
DocStar was named in the 2015 Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies, awarded ‘Best Places to Work’ by the Albany Business Review in 2013 and 2014, ‘Best Channel Vendor’ in the ECM Software category for 4 consecutive years by Business Solutions magazine and twice awarded a ‘5-Star Rating’ in CRN’s 2014 and 2015 Partner Program.
About Sun Oil
With over 1,400 Bahamian shareholders, a professional and committed workforce of over 400 Bahamian employees and a consistent market share leadership, Sun Oil, a subsidiary of FOCOL HOLDINGS LIMITED is the leading wholesaler of Petroleum Products (Gasoline, Diesel Lubricants, LPG). Sun Oil also provides technical services with its team of in-house engineers and technicians developing solutions for customers. From engineering, procurement and construction to ongoing supply of products and asset management, Sun Oil is the only fully integrated service provider in the industry.
Sun Oil takes pride in its reputation for good corporate citizenship. Sun avidly supports Bahamian culture and is proud to be the longest, most consistent corporate sponsor of Junkanoo, the national cultural festival of The Bahamas. Through investments in education and numerous national development initiatives, Sun is helping to create a better future in its communities and remains committed to its mission of “Fueling Growth for People.”