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What is PakEnergy Accounting?

PakEnergy Accounting enhances operational efficiency by utilizing intelligent integration and automation, enabling you to focus more effectively on profitability. The software optimizes various processes, including Joint Interest Billing (JIB), Authorization for Expenditures (AFE), and the distribution of oil and gas revenues. It features specialized screens that facilitate seamless data entry for activities such as accounts payable and deposit entries. Generating financial statements and reports becomes effortless, catering to compliance needs, board meetings, or internal evaluations. Additionally, the system maintains comprehensive audit trails that monitor user transactions, alterations, and historical data, all of which can be accessed through user-friendly reports. This ensures transparency and accountability in every financial operation undertaken.

What is P2 BOLO?

P2 BOLO is recognized as a leading accounting solution designed specifically for the upstream oil and gas sector, empowering U.S. exploration and production firms to improve their operational efficiencies and extract more value from complex accounting functions. Each day, P2 BOLO processes transaction volumes that exceed the entire annual totals handled by numerous other upstream software alternatives. The intricate nature of shared ownership and joint ventures presents distinctive challenges in oil and gas accounting, which P2 BOLO adeptly navigates with its all-encompassing Accounting Module, providing valuable insights into revenue accounting, allocation and valuation, accounts payable and receivable, joint interest billing, among other functions. Efficient asset management is vital to maximizing project profitability, and P2 BOLO’s Asset and Tax Management capabilities significantly reduce the risks linked with overseeing assets across both producing and non-producing properties, while also streamlining the computation of Depletion, Depreciation, and Amortization (DD&A). This solution is built to handle anywhere from hundreds to tens of thousands of properties, easily scaling as your organization grows and adapts within the ever-changing energy industry. By utilizing P2 BOLO, companies can optimize their accounting operations and strategically position themselves for enduring success, ensuring they remain competitive in a rapidly evolving market. With its robust features and user-friendly interface, P2 BOLO not only meets the current needs of businesses but also prepares them for future challenges in the industry.

Media

Media

Integrations Supported

Enerpact
PakEnergy
Pandell Jobutrax
eLynx Technologies

Integrations Supported

Enerpact
PakEnergy
Pandell Jobutrax
eLynx Technologies

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$35000 one-time payment
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

PakEnergy

Date Founded

1986

Company Location

United States

Company Website

pakenergy.com/accounting

Company Facts

Organization Name

P2 Energy Solutions

Date Founded

1999

Company Location

United States

Company Website

www.p2energysolutions.com/p2-bolo

Categories and Features

Accounting

Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
CPA Firms
Cash Management
Cryptocurrency Support
Expense Tracking
Fixed Asset Management
Fund Accounting
General Ledger
Government
Multi-Currency
Nonprofits
Payroll Management
Project Accounting
Purchase Orders
Tax Management

ERP

Accounting Integration
Accounting Management
CRM
Dashboard
Distribution Management
Enterprise Asset Management
Financial Management
HR Management
Inventory Management
Order Management
Project Management
Purchase Order Management
Purchasing
Reporting/Analytics
Sales Management
Supply Chain Management
Warehouse Management

Oil and Gas

Compliance Management
Equipment Management
Inventory Management
Job Costing
Logistics Management
Maintenance Management
Material Management
Project Management
Resource Management
Scheduling
Work Order Management

Categories and Features

Oil and Gas

Compliance Management
Equipment Management
Inventory Management
Job Costing
Logistics Management
Maintenance Management
Material Management
Project Management
Resource Management
Scheduling
Work Order Management

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