Accel-KKR-backed Olidex is buying Automatic Data Processing Inc.'s (Nasdaq: ADP) procure-to-pay business, which provides finance services to the oil and gas industry.

The procure-to-pay system includes OpenInvoice, a cloud-based, automatic invoicing, price-compliance and spend-visibility services used by more than 45,000 oil and gas industry suppliers. Terms of the deal weren't disclosed.

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