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 achieve 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
