The art of the deal

The back office of an oil and gas company faces many challenges, such as managing creative deal structures and ever changing property ownership. The deal structure, whether negotiating a lease, a marketing contract or a joint operating agreement, can have an enormous effect on your bottom line. To account for these deals, you need flexible technology that can be configured to accommodate any deal structure.

In addition, the volumes and values and ownership continually change. In any given month, more revenue transactions are booked as "rebooks" than as original bookings. Purchasers change their price and their volumes, ownership in properties changes retroactively, and occasionally transactions get booked in error.

A better process

Knowing this, BOLO was designed with the Process Workbench that allows users to automate time-consuming processes in the oil and gas back office. You can:

• "Have it your way" by configuring the system and the setups to meet your business needs, not the other way around. BOLO helps you manage the "run of the mill deals", as well as the "one-offs".
• Configure pricing, allocation of revenue and cost, and other operational requirements. BOLO does this through the use of configurable files, rules and setups.
• Manage rebookings caused by ownership changes and purchaser restatements. Managing these through automation will help you maintain your competitive advantage.
• Preview before post which enables you to get things right the first time!

Because the oil and gas business in not static, Process Workbench helps you drive effective resolution and action in continually changing situations.