Today’s Oil and Gas Back Office Softwares are incredibly versatile, and because of strong competition, have remained a relatively low-cost investment for most.
Currently, with dozens of options available for Oil and Gas Back Office Software in the market – finding the right Oil and Gas Back Office Software of 2024 can be tricky.
So we spent dozens of hours researching and testing everyone we could get my hands on.
Based on our experience with the apps, here are 10 Best Oil and Gas Back Office Software. Click on any app to learn more about why we chose it, or keep reading for more context on Oil and Gas Back Office Software.
On this page, you’ll learn about the following:
What is Oil and Gas Back Office Software?
Back office software created exclusively for the oil and gas business is required to cover issues such as oil and gas accounting and land records administration. Oil and gas back office software also provides regulatory oil and gas reporting. Oil and gas firms can track the depreciation of their financial assets by employing software like this. track revenue from numerous locations and mineral deposits and manage costing for complicated processes such as exploration, extraction, and production. Customer management functions aren’t usually included, which is why CRM software integration is critical. In order to measure costs and revenues accurately, For labor expenses, oil and gas back office software must aggregate data from several systems such as asset management and oil production, as well as payroll and HR. A product must meet certain criteria to be considered for inclusion in the Oil & Gas Back Office category. Provide lease and land management document templates. Costs of operations and capital investment projects should be tracked. Multiple asset depreciation methods, such as straight line annuity, are included. Automate revenue valuation and distribution by calculating sales volumes. Deliver royalties tax and volumetric reports as required by law. Produce invoices for oilfields and accept payments. Manage customer contracts with suppliers or contractors. Sales fixed and variable expenses, as well as profitability, are reported and analyzed.
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10 Best Oil and Gas Back Office Software
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A solution that provides a graphical delivery system interface for daily estimates and monthly volume allocations, AFE management, morning reports, and wellbore schematics
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DocVue Content Management eliminates the time and costs associated with searching for hard copy documents, refiling documents and maintaining traditional file cabinets and eliminatea the inefficiencies of growing shared drives..
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Oildex’s OpenInvoice is a cloud-based collaboration solution tailor-made to simplify and automate complex finance and field operation processes..
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SherWare Oil & Gas Accounting Software full-featured accounting system allows you to handle all your oil and gas revenue distribution and joint interest billing on its books..
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The Attach Fuel Oil system is a fully functional fuel oil management and accounting system for capturing shipments to and consumption of oil, maintaining operational and accounting inventory of oil and creating all appropriate related accounting transactions..
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A software platform designed to integrate the energy industry, developed by energy experts..
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Accounting Manager is an accounting system that allows you to handle your oil and gas revenue distribution and joint interest billing in an integrated system with features and tools to manage your business..
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DocVue workflow automates and electronically manages approval processes through easily customized workflow modeling.This tool acceleratea your approvals by creating virtual work packets of related documents that become a part of the approval and audit trails, ensuring timely, well documented and informed decisions..
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P2 BOLO is an accounting, land, and operations on-premise software solution that helps manage accounting, production and operations, land and lease management, compliance and audit, tax and asset management and more..
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Aspen Operations Reconciliation and Accounting software enables timely completion of plant boundary and unit balances. Produces daily reports of plant inventory and overall production numbers..
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What is the Best Oil and Gas Back Office Software?
Here are our top picks for the Best Oil and Gas Back Office Software to try this year.
How to Choose Best Oil and Gas Back Office Software?
When choosing oil and gas back office software, be sure to consider your current workflow and future goals. While a QuickBooks suite is a solid choice for smaller operations, it can be limited by a lack of features and functionality. Midsize companies should look into WolfePak and OGsys. P2 Energy Systems is also a good place to start. General ERP systems can work for large oil and gas organizations, but you should consider how you plan to use the software for at least the next five years.
The key to selecting the right oil and gas back office software is to evaluate its benefits and risks. Many of the features you need are not available in other types of software. One of the most common features of oil and gas back office software is PPA tracking. This feature eliminates the need for manual processes and spreadsheets. Additionally, PPA tracking is a key part of most oil and natural gas companies’ workflow.
A good oil and gas accounting software allows you to log in to the most recent data, rather than having to rely on paper spreadsheets for information. It also keeps track of production data and automatically generates reports for business partners, regulators, and executives. This feature is extremely useful for oil and gas operations. If you want to learn more about this type of software, visit the website of PRAMS. This software has the power to give each back office analyst the ability to oversee up to 500 wells.
In addition to helping you manage your production costs, oil and gas back office software can help you monitor your fields and manage your assets. Using the right oil and gas accounting software can also help you manage your company’s revenue and expenses. A good software system will enable you to monitor production data and manage your accounting and financial functions. This will improve your productivity and reduce the costs of operating your business. If you are looking for oil and gas back office software, you should consider PRAMS.
Oil and gas back office software should be tailored to the specific needs of your industry. A software that supports the needs of the oil and gas industry should be specifically designed for oil and gas operations. Apart from accounting, the software should also support other departments, such as payroll and HR. It should be easy to navigate and understand. The oil andgas back office software should support the entire production process. If your software doesn’t allow for flexible workflows, you’ll be able to run the production and operations management of your business.
Several oil and gas back office software can meet your needs. It can automate the workflow and save time and money. It can also be customized to fit your company’s needs. Once installed, the software can be customized to the exact requirements of the oil and gas industry. For more complex oil and gas businesses, it can be integrated with production and accounting software. This way, it can provide a complete and comprehensive oil and petroleum accounting solution.
While choosing an oil and gas back office software package can be overwhelming, there are several factors to consider before making a final decision. Before making a decision, consider your needs and budget. Choosing the right software will be essential for achieving your business goals. Remember that a good oil and gas back office software will allow you to streamline and increase productivity. While oil and coal back-office software can be a great addition to your existing system, you will likely have to add some modules as your business grows.
When selecting an oil and gas back office software package, you must consider the cost. An oil and gas back office software package is a significant investment. You should not skimp on the price of the software. Buying oil and &gas back-office-software packages is a complicated process. It’s important to find a software that works best for your business. Having a back-office software system will ensure that your business processes are as efficient as possible.
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FAQ’s
Oil and gas back office software is used to plan and track the production, storage, and distribution of oil and gas. This software is used by oil and gas companies to keep track of their assets, inventory, and expenses. These companies use this software to keep track of their inventory, expenses, and assets.
If you are looking for a free oil and gas back office software, you are in luck. There are a number of free options available to you. One of the more popular free oil and gas back office software is Free Oil and Gas Recordkeeping. This is a simple, yet effective, program.
The question of whether or not oil and gas back office software is easy to learn is a matter of opinion. Some people think that it is easy to learn, while others think that it is difficult.
Oil and Gas Back Office Software is worth it because it can help you save on time, money, and resources. Oil and Gas Back Office Software can help you save time because the software will automate many of the tasks that you would have to do manually.
Oil and gas back office software is a system that stores, analyzes, and reports on data related to oil and gas exploration, drilling, production, and transportation. It is used to manage the operations of the company.
Oil and gas companies are always looking for ways to save money and increase efficiency. One way to do this is by using back office software to monitor the flow of oil and gas.
I know you want to use Oil and Gas Back Office Software, thus we made this list of best Oil and Gas Back Office Software. We also wrote about how to learn Oil and Gas Back Office Software and how to install Oil and Gas Back Office Software. Recently we wrote how to uninstall Oil and Gas Back Office Software for newbie users. Don’t forgot to check latest Oil and Gas Back Office statistics of 2024.
Oil and gas back office software brings order to this chaotic and ever-evolving landscape. With its robust capabilities, these software systems effectively capture, analyze, and interpret data, allowing companies to make informed decisions based on accurate and real-time information. By streamlining administrative processes, they eliminate paperwork, manual data entry, and inefficient communication channels, enabling better financial management, faster reporting, and more precise resource planning.
Implementing an integrated back office software solution is a transformative step that significantly improves operational efficiency. From cost control to risk management, these systems automate a wide range of processes while ensuring compliance with industry standards and regulatory requirements. In an industry where margins are oftentimes razor-thin, the ability to optimize performance can make a significant difference in a company’s bottom line.
One of the primary benefits of oil and gas back office software is its capability to enhance decision-making. By integrating various data sources into one unified platform, it provides accurate insights into business processes, supply chain dynamics, and market trends. This empowers decision-makers to anticipate challenges, identify opportunities, and adapt strategies accordingly, ensuring robust performance in an ever-changing global energy market.
Furthermore, the software’s ability to manage complex contracts and royalties is crucial in maintaining transparent and accurate financial relationships. In the oil and gas industry, different parties with various interests are involved in extracting and processing these valuable resources. By integrating production data with agreements, obligations, and payment schedules, the software ensures timely and accurate revenue allocation, minimizing disputes and maximizing trust among stakeholders.
Another vital aspect of back office software in this industry is its potential to boost safety and compliance. Effective risk management is paramount given the high stakes involved in oil and gas operations. The software can facilitate regulatory compliance by monitoring licenses, permits, and certifications and providing alerts when they are due for renewal. It can also track safety incidents, near-misses, and audits, enabling companies to proactively identify risks, implement preventative measures, and maintain a safe working environment.
In an industry actively exploring ways to lower its environmental footprint, oil and gas back office software plays a key role. By closely monitoring energy consumption, emissions, and waste management, these systems help companies identify opportunities for sustainable practices and efficiency gains. With the gathering momentum towards a cleaner and more sustainable future, having the necessary data at hand to make informed decisions regarding environmental impact is more critical than ever before.
In conclusion, oil and gas back office software is indeed instrumental in the overall success and sustainability of this powerful industry. By automating cumbersome administrative processes, integrating data from diverse sources, improving financial management, and providing real-time insights, these software systems enable companies to make informed decisions, effectively manage risk, optimize efficiency, and uphold safety and compliance. Although they may not be visible to the public eye, the importance of these software solutions in the oil and gas sector cannot be overstated.
Why Oil and Gas Back Office Software Are So Important
The oil and gas industry is known for its highly complex and capital-intensive operations. From exploration and drilling to production and distribution, there are numerous moving parts that need to work together seamlessly to ensure the success and profitability of these companies. This is where back office software comes into play.
Back office software for oil and gas companies is designed to help manage and streamline a variety of critical functions, such as accounting, finance, procurement, inventory management, and compliance. By automating these processes and providing real-time visibility into operations, this software enables companies to operate more efficiently, reduce costs, mitigate risks, and make better informed decisions.
One of the main benefits of utilizing back office software in the oil and gas industry is increased operational efficiency. Time-consuming tasks that were once performed manually can now be automated, freeing up valuable resources and allowing employees to focus on more strategic initiatives. This not only helps to reduce operational costs but also improves overall efficiency and productivity within the organization.
Another important benefit of back office software is improved compliance and risk management. With regulatory requirements constantly changing and increasing scrutiny from stakeholders and the public, oil and gas companies need to ensure they are in compliance with all relevant laws and regulations. Back office software can help streamline compliance monitoring and reporting and provide greater transparency into operations to help mitigate risks and ensure compliance with industry standards.
Additionally, back office software can provide greater visibility into key business metrics and performance indicators, allowing companies to make data-driven decisions and better manage their overall operations. By centralizing data and providing real-time analytics and reporting capabilities, this software enables companies to quickly identify trends, spot inefficiencies, and optimize processes to drive better business outcomes.
In today’s rapidly evolving business landscape, technology plays a crucial role in the success and competitiveness of organizations across all industries, including oil and gas. Back office software is just one of the many technologies that can help companies in this sector become more agile, efficient, and profitable. By investing in the right software solutions, oil and gas companies can ensure they are well-equipped to navigate the challenges of the industry and capitalize on new opportunities for growth and innovation.
Ultimately, the importance of back office software for oil and gas companies cannot be overstated. In an industry that is constantly evolving and facing numerous challenges, having the right tools and technology in place is crucial to success. By leveraging back office software to streamline operations, improve compliance and risk management, and drive better decision-making, oil and gas companies can position themselves for long-term success and sustainability in an increasingly competitive market.
In Conclusion
Choosing the best Oil and Gas Back Office Software is not a difficult task when you have all the details and requirements. Most of the above-mentioned Oil and Gas Back Office Software have impressive and user-friendly features.
Now, it is up to you which software you’d pick up that meets your requirements.
Consider the effectiveness and efficiency of each Oil and Gas Back Office Software, including the features and capabilities. You must also evaluate your objectives, required functions, and budget before choosing the right Oil and Gas Back Office Software of 2024. See which will give a great deal.
If you still have questions about choosing the best Oil and Gas Back Office Software, leave a comment below. I’d love to assist you.