A system built around your needs

Accounting for oil and gas properties is much more complex than simple T-account bookings. The nature of our business is shared ownership, which is complicated by continual changes in that ownership, complex deal structures that do not fit well into a cookie cutter approach to booking. Add to that the operational and compliance requirements and you have a challenge.

BOLO meets that challenge by providing applications that automate the complex, time-consuming processes, are intuitively easy to use, and enables users to configure the system to meet their business requirements, rather than the other way around.

BOLO allows users to efficiently record their businesses through the following applications:

• Revenue accounting
• Revenue allocation and valuation
• Accounts payable and receivable
• Joint interest billing
• Financial accounting
• Budgeting and forecasting
• Multi-currency accounting
• Treasury management

BOLO helps you manage your business using the following application tools that allow information to flow seamlessly throughout the enterprise:

• Project accounting
• Cost center accounting
• Financial reporting
• Management reporting
• Compliance reporting

With BOLO, organizations can more effectively manage the complex nature of oil and gas accounting functions, such as the obligation to distribute revenue and expenses and publish financial information within compliance deadlines – all without system workarounds!