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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REPLACES outdated technology.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