Reimagine what’s possible in oil & gas accounting with IFS BOLO

IFS BOLO is the industry-leading accounting solution designed to address the diverse challenges faced by oil and gas accounting professionals across the U.S. With unparalleled capabilities in revenue distribution and joint interest accounting, BOLO stands out as the go-to solution for any business scenario. 

Watch this video to explore the key differentiators:

• Versatile Revenue Distribution: BOLO handles standard and complex scenarios effortlessly, including division of interest percentages, complex contract provisions, owner-specific pricing, and tiered component exemptions.
• Effective Dated Ownership Deck: BOLO streamlines ownership management with a single effective dated ownership deck, avoiding the hassle of multiple decks for various provisions and changes.
• Regulatory Compliance: Recognizing regulatory compliance as an industry requirement, BOLO boasts the deepest regulatory features, providing royalty and severance tax capability at both state and federal levels.
• Compliance Focus: BOLO allows oil and gas companies to meet stringent compliance requirements like GAAP and SOX, emphasizing a short time-to-value with a 3-6 month implementation period and a strong focus on managing capital and operational costs.