WellPoint Systems Inc., (TSX-V:WPS), provider of software and solutions designed to transform complex data into actionable business insight for oil and gas industry executives, and Accepta AS, one of Norway’s largest accounting groups providing international companies with accounting, payroll and financial services, announced a partnership to build and provide Financial Management services for Norway’s energy industry.
“Because of our dedication to innovation and customer satisfaction, it was important that we team up with the world’s best oil and gas financial management software supplier”, said Pål Soilen, Managing Director of Accepta. “The WellPoint solution broadens the value we can offer to the market, delivering a technology platform that ensures customers can focus on driving their business rather than the complexities of IT operations.”
Under the terms of the alliance, WellPoint will work closely with Accepta to implement and customize the WellPoint Energy Financial Management (EFM) solution for Accepta customers in Norway. Accepta will manage the ongoing training and support requirements. Initial customer deployments are expected as soon as Q4 2010 and the partnership will target new joint customers in early 2011 and beyond.
WellPoint’s EFM solution is built on the Microsoft Dynamics AX ERP system delivering an Oil & Gas industry specific solution to customers. The product has achieved CMFD status (Certified for Microsoft Dynamics), and the company is an inaugural member of the Microsoft Upstream Reference Architecture.
Richard Slack, president and CEO of WellPoint Systems, stated, “We expect great things from our alliance with Accepta. We are proud to be working with a local company that has such a strong reputation in the Norwegian marketplace, and this alliance provides WellPoint a foothold into the largest and most active oil and gas area in Europe, the Norwegian Shelf. Together, Accepta and WellPoint will deliver an outstanding solution that addresses the complex financial management and regulatory reporting requirements in Norway.”
About WellPoint Systems Inc.
WellPoint Systems delivers software solutions and services that transform complex data into Business Insight for more than 450 companies in 60 countries worldwide. WellPoint Systems is recognized as a leader in providing Financial, Energy Marketing and Trading solutions to the Oil and Gas industry with its award winning BOLO, IDEAS, Energy Financial Management and Energy Broker products. The company also serves asset intensive industries including aerospace/aviation, process manufacturing, mining, the public sector and fleets with its DAXEAM Asset Maintenance solutions. Calgary-based WellPoint Systems is publicly traded on the TSX Venture Exchange under the symbol WPS. For more information, visit www.wellpointsystems.com.
About Accepta AS
Accepta AS is one of Norway's largest accounting groups, providing large International organizations with accounting, payroll, and financial services. The company’s large and varied customer base includes the Oil and Petroleum and Power and Fuel Industries. Accepta's main headquarters are in Drammen, with divisional offices in Oslo, Stavanger, Trondheim, Kongsberg and Gol.
Beth Carr, 720-249-1016
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