Streamline revenue accounting using contracts in IFS BOLO
In upstream oil and gas, revenue accounting is chock-full of complexities, but contracts – a unique and elegant solution that only IFS BOLO offers – eases the time-intensive process.
This three-minute video shows you how IFS BOLO helps revenue accountants streamline their monthly workflow using contracts, which:
This three-minute video shows you how IFS BOLO helps revenue accountants streamline their monthly workflow using contracts, which:
- Are set up at a measurement point or well level of detail
- Define how revenue is to be distributed to owners at a granular level so there is no need for separate DOIs
- Are effective dated meaning new contracts do not have to be set up over time
Watch this video and see what happens when a disbursement contract is not used vs. when a disbursement contract is used. You’ll be amazed at the result.
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