Business Process Outsourcing
Helps upstream oil and gas companies achieve business goals through outsourced talent, capabilities, and technologies.
Business process outsourcing (BPO) alleviates the burden of back-office accounting work in upstream oil and gas, allowing you and your team to focus on what matters most – promoting company growth and profitability.
Full management of back-office functions
Outsource your land administration, oil and gas accounting, and production accounting work so you can spend your time running your business. BPO through IFS helps companies cut costs, consolidate, and capitalize on efficiencies gained through outsourcing.
Lower operational costs
Little to no investment in staffing or IT infrastructure means fewer expenses and an increase in cost predictability. Controlled costs help oil and gas companies trend what it would take to support growth opportunities from a back-office perspective.
Scalability
An outsourcing firm can scale up or down with your upstream operation. No more worrying about employee hiring and firing as the market ebbs and flows.
Production accounting services
From setting up and configuring new pads to reviewing daily production data to preparing and submitting regulatory reports – and everything in between – our production accounting services free up time for you to focus on critical tasks in the field.
Areas of Support
-
Revenue accounting
Uses IFS' own market-leading solutions and is field tested and refined by hundreds of operators.
-
Treasury and financial reporting
Manages check processing and mailing, plus provides custom financial reports for your specific business requirements.
-
Land administration
Manages all your well and deck maintenance, easing the increased burden of maintaining leasing and contract information.
-
Accounts payable
Leverages IFS' scale and partnerships to improve processing and pass along savings to you.
-
Production accounting & regulatory reporting
Calculates production volumes & allocations, and manages intricacies of volume, tax, and royalty regulations and reporting.
-
Transitional services support
Eliminates the hassle of buying your own systems and staffing up back-office operations to process transactions.
Easily measure performance
Outsourcing makes analyzing performance – by company, well, groups of wells, or even basin – a breeze, allowing you to remain focused on your core business.
