Blog | Oil and Gas Accounting

The Benefit of Replacing Manual Processes with Workflow Automation

The Benefit of Replacing Manual Processes with Workflow Automation
11/29/2018
Is your back office tied up in tasks that take away from their core responsibilities? Are they spending hours sifting through spreadsheets in search of information only to find errors in data? Leave those days behind with an automated process from P2 Workflow. In this OilVoice article, “...

Unlock the Value of Accounting Data with Oil & Gas Business Intelligence

Unlock the Value of Accounting Data with Oil & Gas Business Intelligence
11/13/2018
Are you working in an upstream oil and gas accounting department that relies heavily on spreadsheets for your reporting needs? Do you find the manual processes that bring together data from different sources time consuming and error prone? Maybe you’re relying on other people to build reports which...

How Manual Processes & Workarounds Are Costing You Money

How Manual Processes & Workarounds Are Costing You Money
11/06/2018
We all know the saying, time is money. What manual processes and workarounds are you currently using at your upstream oil and gas organization that are costing you time, therefore money? Are you even aware of them? In this article we’ll go through a couple examples of manual...

Best Practice in Revenue Management

Best Practice in Revenue Management
10/30/2018
Do you want to increase your accounting department’s efficiency, reduce administrative expenses and increase cash flow? Read on to learn of a revenue management best practice that can do just that. If you’re part of an upstream oil and gas accounting department that records revenue transactions from cash...

4 Must-Haves for Oil & Gas Accountants

4 Must-Haves for Oil & Gas Accountants
10/23/2018
It’s no secret that oil and gas accountants face work-related stressors on a daily basis. We broke down these stressors and how to solve the issues by curating a list of the top four must-haves oil and gas accountants need to streamline their process and ensure accuracy. Check...

As Price of Oil Hits 6-Year Low, Here Are 6 Oil and Gas Blogs That Can Help

As Price of Oil Hits 6-Year Low, Here Are 6 Oil and Gas Blogs That Can Help
08/20/2015
Blogs contain industry best practices for teams across the E&P enterprise It was recently reported that, thanks in large part to the devaluation of the Chinese yuan and swelling stockpiles, the price of oil has slipped to a new six-year low. What a difference one year can make...

5-Step Process for Ensuring That Your Purchasers Are Paying You Correctly

5-Step Process for Ensuring That Your Purchasers Are Paying You Correctly
05/07/2015
Why upstream companies should record their revenue transactions from the contract detail and their production volumes How do I know that I'm being paid correctly for what I've produced and sold? In my 30-plus years in upstream oil and gas, I can’t tell you how many times I’ve...

Oil & Gas Invoicing: How to Make It a Time- and Money-Friendly Process

04/24/2015
Electronic workflows and automated processes help upstream teams work at a higher level If you had to guess, what percentage of businesses’ vendor-invoice activities today is handled via paper? Thirty percent? Thirty-five? Forty? Fifty? Actually, according to the business intelligence research provider Aberdeen Group, that number is 77...

6 Ways to Adapt Quickly to Low Oil & Gas Prices

6 Ways to Adapt Quickly to Low Oil & Gas Prices
03/23/2015
Lowering operating expenses is a quick ticket to free cash flow for upstream firms This is the first in a series of six blog posts that covers the six key ways for upstream oil and gas companies to adapt to today’s low-price environment. This post addresses the topic...