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What is MineralFile?

MineralFile, created by NeoFirma, is a cloud-based software solution aimed at streamlining the administration of mineral royalty revenue alongside associated mineral deeds, leases, and wells. This cutting-edge platform enables land professionals and mineral rights holders to effectively manage their oil and natural gas resources through an intuitive web interface. Furthermore, users receive extensive reports on oil and gas income and thorough overviews of their assets, which significantly aids in making well-informed choices. With its user-centric design and ease of access, this tool proves to be an essential asset for individuals operating in the mineral management industry. Moreover, the continuous updates and support from NeoFirma enhance the overall user experience, ensuring that clients can adapt to changing market dynamics.

What is IPM Suite?

The deal management system captures the specifics of agreements, sets up approval processes, handles financial transactions, allows for modifications to contracts, and keeps a comprehensive historical record with an audit trail. At the same time, the rights management function enables users to search for and create deals, organizes the hierarchy of intellectual property rights, manages advances and guarantees, monitors payment schedules, establishes royalty rates, and conducts collision checks, rights clearance, and holes analysis. The royalty management segment is tasked with processing sales and usage information, calculating and confirming royalties for both inflow and outflow, permitting deductions or recoupments, addressing any violations, delivering analytical insights, and generating royalty statements. Furthermore, the finance management module includes components for revenue recognition and accruals, oversight of expenses, a robust accounting engine, an accounting sub-ledger, and smooth bi-directional integration with financial systems via ERP. This integrated framework not only enhances operational efficiency but also ensures accuracy across all financial and contractual transactions within the organization, ultimately reinforcing its overall effectiveness. Such a cohesive system promotes better decision-making and strengthens compliance with financial regulations.

Media

Media

Integrations Supported

Integrations Supported

JD Edwards EnterpriseOne
NetSuite
SAP Store

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

Not specified

Supported Platforms

SaaS

Customer Service / Support

Not specified

Customer Service / Support

Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

NeoFirma

Company Website

mineralfile.neofirma.com

Company Facts

Organization Name

FADEL

Date Founded

2003

Company Location

United States

Company Website

fadel.com/ipm-suite/

Categories and Features

Oil and Gas

Not specified

Categories and Features

License Management

Not specified

Revenue Recognition

Not specified

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