Financial Accounting
P2 Energy Solutions has defined the industry standard in oil and gas exploration and production, operational accounting, and financial and land management software solutions for more than three decades. Excalibur is an online accounting solution, available as a subscription-based service to companies wanting to realize the efficiencies and economic benefits a hosted offering can deliver.
Features
Excalibur’s rich user experience enables you to quickly navigate through the system and easily find and manage data to efficiently accomplish your business tasks. No other solution can match Excalibur’s functionality and low total cost of ownership (TCO).
Accounts Payable
Operators and non-operators alike can be more productive every day using the automated invoicing, check writing, and accounting controls built into our comprehensive vendor analysis, cash disbursements and cash management system – designed specifically for the oil and gas industry.
Accounts Receivable
Excalibur provides you with complete control over cash receipts application and performs numerous industry-specific functions, such as revenue receivables reconciliation, and managing JIB prepayments from partners, in a flexible, easy to use application.
Authorization for Expenditures
Control your capital budgets and expenditures. The AFE system facilitates the allotment and approval of funds for projects and provides an effective cost-control mechanism through subsequent comparative reporting of estimated versus actual costs.
General Ledger & Financial Reporting
Excalibur's powerful and comprehensive General Ledger and Financial Reporting module is a flexible purpose built for the oil and gas industry. All financial transactions in other Excalibur systems automatically flow to General Ledger. The system contains extensive standard financial reports and allows you to build custom reports.
Responsibility Reporting
A multi-level analysis and reporting module, the Excalibur Responsibility Reporting system features user-defined cost centers and reporting levels, direct integration with desktop PC reporting tools for customized reporting without rekeying data, and electronic entry of budget amounts via Excalibur Data Interchange (EDI).
