P2® IDEAS
Account for the money and supplies in your international ventures with P2 IDEAS.
P2 IDEAS is an oil and gas accounting and materials management solution. Our software has been used almost everywhere you can pull oil and gas out of the ground. It is proven. It is fast to deploy. And it was built from the ground up for an international market. Delivered to fit your business, you can subscribe to the solution in the P2 cloud or deploy it on site.
Manage International Ventures
Operate with excellence by controlling costs, getting visibility of netback, and navigating your business with forecasts and reporting. Manage partners with automated gross/net statements and cash calls.
Fulfill Statutory Reporting
Comply with IFRS, U.S. GAAP, and local requirements. Manage foreign exchange and adhere to tax requirements.
Track & Control the Supply Chain
Manage supply chain performance, control spend, and allocate costs to maximize netback. Procure-to-Pay and materials management work seamlessly with your accounting because it is one system – no integration required which means lower costs.
Why P2 IDEAS?
REPLACES outdated technology.
Benefit from the P2 IDEAS web-based
platform that works in your browser and
on your phone and tablet. And it
connects directly to Power BI for
visualizations and drill-down.
ASSURES your operational, tax, and
regulatory requirements are expertly
handled. P2 IDEAS is proven with
experience in over 65 countries.
STREAMLINES processes to manage your business and maintain cost targets
MAINTAINS regulatory compliance with reduced effort
RECOVERS dollars with proper cost-recovery tracking and cost allocation
LEVERAGES templates to ensure your implementation is on budget and on time
P2 IDEAS Features
Input budgets and forecasts and compare to actuals
Track CAPEX, manage OPEX, and see revenue by project
Automate gross/net statements in any currency in detailed and summarized formats
Track cash call invoices and payments, verify the status, and book to the General Ledger
Maintain multiple books per
Chart of Accounts all from a
single transaction
Reorganize Chart of Accounts for financial, statutory, tax, and management reporting
Automate and track realized and unrealized gains and losses separately
Capture Value Added Tax (VAT), Withholding (WHT),
and local taxes
Use delegation of authorities (DOA), a strong three-way match, and automated cost allocation
The P2 IDEAS Team |
Resources and Further Learning
