P2 BOLO

P2 BOLO is an industry-leading accounting solution in upstream oil and gas that helps U.S. E&P companies improve efficiencies and acheive greater value for complex accounting operations.

P2 BOLO processes more transactions every day than most other upstream software providers process each year.

           

Accounting

Shared ownership and joint ventures create special challenges for oil and gas accounting. P2 BOLO’s Accounting Module gives you full visibility into revenue accounting, allocation and valuation, accounts payable/receivable, joint interest billing, and much more.

Asset & Tax Management

Superior asset management can make a meaningful difference in project profitability. P2 BOLO Asset and Tax Management reduces the risks inherent in tracking assets at producing and non-producing properties and calculating DD&A (Depletion, Depreciation, and Amortization).

Ownership & Contract Management

Provides industry-leading ability to manage complex revenue distribution models, special owner level pricing agreements, joint interest relationships, and more.

Compliance & Audit

Compliance is a fact of life in the oil and gas business. With P2 BOLO's Compliance and Audit module, you work through an intuitive portal to track data back to the original source of any transaction and retrieve a complete, accurate history of all financial activities.

Why P2 BOLO?

REPLACES spreadsheets and manual, error-prone processes with best-in-class software that boasts an intuitive UI built for growth-oriented customers

 

CONFIGURABLE and able to conform to your organization's unique and changing needs

 

SCALABLE and able to manage hundreds or tens of thousands of properties as your organization grows

INTEGRATES to internal ERP systems and third-party solutions

 

COST EFFECTIVE with a low total cost of ownership (TCO)

 

EASY TO USE, which means elevating accounting and productivity immediately while cutting IT’s burden to reduce operational expenses & TCO

P2 BOLO's Features

Configurable software that can be implemented in 3-6 months

Available as a cloud-based or on-premise solution

Integration with most third-party systems/applications

Seamless integration with best-in-class P2 products for Land and Production

Supports business decisions through analytics with built-in reports and flexible data access options

Easy to learn (intuitive navigation and logical structure)

Scalable to manage and support hundreds or tens of thousands of properties

Provides audit and internal controls to meet the most stringent compliance requirements (GAAP, SOX)

Helps manage capital and operational costs as well as forecast project revenue potential

 

The P2 BOLO Team

 

Resources and Further Learning