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Configurable and scalable accounting, land and production software for U.S. oil and gas companies
 

 

Accounting


A unique business and software challenge for oil and gas


Accounting for oil and gas properties is much more complex than simple T-account bookings. The nature of our business is shared ownership, which is complicated by continual changes in that ownership and complex deal structures that do not fit well into a cookie cutter approach to booking - or a cookie cutter approach to oil and gas accounting software. Add to that the operational and compliance requirements, and you have a challenge.


BOLO: Oil & gas accounting software built for your business


BOLO meets that challenge by providing applications that automate complex, time-consuming processes, are intuitively easy to use, and enables users to configure the system to meet their business requirements, rather than the other way around.


Flexible and dynamic BOLO applications help automate formerly cumbersome spreadsheet processes and find cost efficiencies that free your best people to do their best work.


BOLO allows users to efficiently record and manage their business using the following application tools that allow information to flow seamlessly throughout the enterprise:


  • Revenue Accounting: automate complex pricing and ownership scenarios for accuracy and timely distribution of revenues
  • Revenue Allocation and Valuation: Proactively calculate revenue receipts to validate purchases
  • Accounts Payable and Receivable: a simple, reliable way to control disbursements, and track all amounts owed, up to the minute
  • Joint Interest Billing (JIB): automate billings to improve cash flow and ensure operational efficiencies
  • Financial Accounting: speed up your month end close process with a robust, transparent and automated system
  • Budgeting and Forecasting: help your team manage capital and operational costs with managed budgets and forecasts for all projects
  • Multi-Currency Accounting: our oil, gas accounting software lets you manage your financials across all borders and currencies
  • Treasury Management: track cash flow throughout your entire organization
  • Financial Reporting: get the comprehensive view of all company activities, easily track financial performance
  • Management Reporting: keep your C-level in the driver’s seat with on-the-spot, multidimensional views
  • Compliance Reporting: helps you manage multiple regulatory overlays and keep your oil and gas team abreast of all the regulatory areas of impact

With BOLO, organizations can more effectively manage the complex nature of oil and gas accounting functions, such as the obligation to distribute revenue and expenses and publish financial information within compliance deadlines - all without system workarounds!


Our relentless focus on the accounting software needs of oil and gas teams means we have delivered a product of unparalleled performance. No other solution has been designed to scale better, more reliably, or with better implementation time and TCO.