Stone Bond Technologies Offers End of Year PIDX Oil & Gas Program to Leverage Available Federal Tax Credits

HOUSTON, Nov. 23, 2011 /PRNewswire/ -- Stone Bond Technologies, L.P., has released an end-of-year offering for the Oil and Gas mid-market supplier segment interested in leveraging the Petroleum Industry Data Exchange (PIDX) standard (PIDX/B2B). This new offering allows companies to purchase Enterprise Enabler for PIDX, prior to December 31, 2011 and receive up to 100% accelerated asset depreciation on the entire purchase. 

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In 2004, Stone Bond launched one of the industry's first PIDX compliant B2B solution. Since then, Oil and Gas partners throughout the globe have relied on Enterprise Enabler for PIDX to facilitate the supplier interactions between B2B industry partners.

Todd Brinegar, senior vice president of sales and marketing for Stone Bond commented, "This is a great opportunity for suppliers in the Oil and Gas markets to take advantage of the IRS Section 179 expense allowance under the Small Business Jobs and Credit Act of 2010. With this being the last year for the 100% accelerated depreciation, companies that were thinking of a new PIDX/B2B solution can now reap the rewards provided under this tax advantage."

Oil & Gas companies utilize a PIDX driven solution to facilitate delivery of invoices, resulting in faster turnaround on invoice payments and early detection of data entry errors. The PIDX challenge for oil services companies has been to meet PIDX compliance on the sell side at the request of their customers – major global Oil and Gas producers. These companies need to implement a PIDX enabled transaction system quickly and without months of disruption to their internal systems. They want a solution to automate invoicing, without being too intrusive or disruptive to current systems.

As an off the shelf solution, Stone Bond's Enterprise Enabler for PIDX, includes a library of trading partner-specific, pre-built business process templates that significantly reduce deployment time and cost. Enterprise Enabler for PIDX, ties into internal systems including SAP, ARIBA, Tibco, and others.  The result is that suppliers have an immediate, efficient and direct connection between applications and businesses. Improvements range from faster turnaround on invoice payments to early detection of data entry errors.

Part of Stone Bond's Results Based Optimization solution portfolio, Enterprise Enabler for PIDX helps assist with reducing client-identified costs including disinvestment of existing integration solutions, reallocation of personnel and a reduction of TechDebt, which is inherent with any standards based integration or long term IT operation.

In addition to offering a compelling price for this end of year offer, Stone Bond has partnered with a premier financial services who can provide several attractive programs for companies wishing to finance the acquisition of Enterprise Enabler for PIDX.

For more information on this offer, contact the Enterprise Enabler–PIDX Hotline at 713-622-8798 ext. 8903

ABOUT IRS EXPENSE ALLOWANCE UNDER THE SMALL BUSINESS JOBS AND CREDIT ACT OF 2010

Section 401, Extension of Bonus Depreciation, of the Tax Relief Act of 2010, expands the additional first-year depreciation deduction (bonus depreciation) to equal 100 percent of the cost of qualified property placed in service after September 8, 2010, and before January 1, 2012. It also provides for a 50 percent first-year bonus depreciation deduction for qualified property placed in service after December 31, 2011 and before January 1, 2013. http://www.irs.gov/businesses/small/article/0,,id=230307,00.html#2021

ABOUT STONE BOND TECHNOLOGIES

Stone Bond Technologies, L.P. is the leading provider of business integration software for software and data integration data virtualization, federation and orchestration delivering the industry's fastest time-to-value. As the only integration solution to scale both up and down to meet business needs, Stone Bond provides software solutions that help businesses improve their bottom line by streamlining interaction among business systems.  To learn more about Stone Bond Technologies please visit, http://www.stonebond.com.

Contact: Todd Brinegar, 1-713-622-8798, [email protected]

SOURCE Stone Bond Technologies