P2 Qbyte Financial Management
Qbyte Financial Management is the most widely used oil and gas accounting solution in Canada. Designed specifically for the Canadian upstream oil and gas industry, Qbyte FM is a comprehensive financial, capital, and joint venture accounting package, complete with management reporting and operations analysis.
Give everyone in your organization easy access to essential information. Our point-and-click reporting application, Qbyte Optix, delivers real-time information right to your desktop. From there, you can easily print, email, share, drill down for more details, or export to spreadsheets.
Qbyte FM includes fully integrated Accounts Payable, Accounts Receivable, and General Ledger modules purpose-built to support the unique requirements of upstream oil and gas businesses. The solution also includes built-in IFRS processes to support Work in Progress, Depreciation, Depletion and Amortization, and reporting by Cash Generating Unit.
Joint Interest Management
Qbyte FM has the features and flexibility you need to manage complex and ever-changing partner agreements. These features include automated DOI selection to ensure accuracy, mass-ownership updates for mergers and acquisitions, quick and easy reversals for already-billed transactions, and month-end allocations, distributions, overhead, and partner invoicing.
The solution allows you to enter data, manage payments, bill partners, and operate and report in multiple currencies. You can manage how and when the currency is converted, giving you full control of your general ledger. Qbyte Optix lets you report on multiple currencies in a single report, complete with drilldown analysis.
Easy Access to Information
Optix reporting for Qbyte FM is easy to learn and use. Out of the box, Optix features more than 60 presentation-ready, industry-specific reports, including the Lease Operations Summary, AFE Variance, and others. Drill-down analysis enables you to analyze your data right down to the source transaction. Optix also gives you the ability to create your own reports using the system's built-in data extracts, which let you respond easily to stakeholder questions and audit queries.
Audit, Control & Security
Full before-record capture, validation at data entry, role-based security, and source document attachments.
Financial, joint venture, and capital reporting using interactive reporting, drilldowns, and data extracts.
No matter your company's size, no matter its plans, Qbyte FM stands ready.
On-Premise or Online
Qbyte FM can be installed on-premise or hosted online by our experienced database team.
With fully integrated accounts payable, accounts receivable, general ledger, capital, joint venture, and IFRS processes and modules, Qbyte FM is purpose-built to support the unique requirements of upstream oil and gas.
Qbyte FM comes integrated with Qbyte CS Land, Qbyte Land Management, and Qbyte Metrix. Qbyte Connect delivers a seamless connection between your ERP and third-party integrations.