Top 5 Production Accounting and Royalty Distribution Software Solutions for Streamlined Financial Management
Non-sponsored, Expert Verified and Transparently Ranked 5 Production Accounting and Royalty Distribution Software Solutions for Streamlined Financial Management
Published: January 22, 2026 | Verified by: Ted Scheiman & Rob Watts
Executive Summary
We analyzed 5 solutions. Top Recommendation: Financial management by SAP scored highest due to Large upstream operators and integrated energy enterprises. PRA centralizes ownership/DOI, revenue distribution, and compliance, tightly integrated with SAP JVA and S/4HANA workflows [1](https://help.sap.com/docs/SAP_PRODUCTION_AND_REVENUE_ACCOUNTING/75bc5bb1955345c59bb53d3cc4db9ec2/26d5cc5340487214e10000000a174cb4.html) while supporting core production/revenue accounting and settlements [2](https://community.sap.com/t5/sap-for-oil-gas-and-energy-blog-posts/what-pra-stands-for/ba-p/13103196) plus ongoing S/4HANA innovations for PRA [3](https://community.sap.com/t5/financial-management-blog-posts-by-members/what-s-new-in-s-4hana-2023-for-is-oil-and-gas/ba-p/13573340)..
Content Verification
Side-by-Side Comparison
| Feature | #1 Financial management (SAP) | #2 Energy & Resources, formerly P2 (IFS (Energy & Resources)) | #3 Upstream On Demand (Quorum Software) | #4 Stream+ Platform (W Energy Software) | #5 O&G Accounting Software (PakEnergy) |
|---|---|---|---|---|---|
| Best For | Large upstream operators and integrated energy enterprises. PRA centralizes ownership/DOI, revenue distribution, and compliance, tightly integrated with SAP JVA and S/4HANA workflows [1] while supporting core production/revenue accounting and settlements [2] plus ongoing S/4HANA innovations for PRA [3]. | Established operators needing robust DOI and royalty distribution. BOLO provides comprehensive revenue accounting, allocation, and valuation with scalability and compliance tooling [1] and supports complex ownership/deck automation for accuracy and speed [2]. IFS sustains the BOLO roadmap post, P2 acquisition [3]. | Mid-market to enterprise E&Ps modernizing legacy stacks. Delivers automated revenue/DOI workflows with royalty owner disbursements [1] and tight integration across field-to-finance in the Upstream On Demand suite [2], with documented accounting coverage on AppSource [3]. | Growth-focused E&Ps seeking fast, transparent processing. Provides integrated revenue accounting, DO/JIB, and production data flow [1] within a unified field-to-finance platform [2], including state royalty/tax reporting coverage for multiple jurisdictions [3]. | Operators and mineral/royalty investors needing streamlined owner payments. Automates royalty distribution and suspense with real-time GL entries and audit trails [1] while providing SOX-ready workflows, owner obligations tracking, and division-order eSign to reduce back-office friction [2]. |
| Scalability | Built on SAP HANA/HANA Cloud, SAP S/4HANA Finance scales elastically with dynamic compute/storage resizing and scale-out. (sap.com) Admins can scale to 96 vCPUs per node, up to 10 worker nodes, and roughly 90 TB storage. (learning.sap.com) Financial workloads leverage partitioned data models and HANA Native Storage Extension to handle very large volumes while maintaining performance. (community.sap.com) | Designed for large-scale operations: supports deployments from <500 to tens of thousands of wells; Enterprise Upstream scales to very high numbers of wells, owners, and transactions; IFS Merrick manages 500, 000+ wells worldwide, demonstrating proven scalability. (businesswire.com) | Cloud-powered, true SaaS suite designed to scale for growth; SOC 2, compliant with seamless, zero‑downtime upgrades. (quorumsoftware.com) Adopted by 500+ organizations using On Demand products. (quorumsoftware.com) | Built on W Energy’s private cloud, Stream+ is designed for flexible, extensible scaling and seamless integration. Its modular architecture expands with assets and capabilities, and near real-time processing supports high‑volume workflows. (wenergysoftware.com) | Scalable cloud-based SaaS: supports unlimited sets of books and reporting groups with consolidation and multi-company roll-ups; multi-company GL/AP options enable cross-entity entries; production module tracks an unlimited number of properties across states, built to handle expansions, acquisitions, and increasing transaction volumes. (pakenergy.com) |
| Compliance Features | Embedded GRC: automated internal controls, testing, workflows, and risk assessment; continuous control monitoring and policy management; access governance with SoD analysis, periodic reviews, and emergency “firefighter” access; tax compliance with e‑invoicing, electronic submissions, compliance calendar, audit trails, and real‑time insights; AI‑assisted compliance issue decision support. (sap.com) (sap.com) (sap.com) (sap.com) | - Automated regulatory filings with error checking and continuous updates (Merrick). - GAAP/SOX controls with audits; market‑leading ONRR and state regulatory support. - Royalty and severance tax at state/federal levels. - Canadian compliance: IFRS/ESTMA reporting. - Complete, exportable audit trails for approvals/documents. (ifs.com) | Compliance Features: SOC-compliant suite; SOC 2 Type 2 for Accounting, Production, and Well Operations; SOC 2 Type 1 & 2 for Land. (quorumsoftware.com) Production supports regulatory reporting with automatic upgrades and PPA-based refile alerts. (quorumsoftware.com) Land maintains secure, auditable data. (quorumsoftware.com) | Built-in state/federal regulatory production reporting (ONRR‑OGOR; Texas RRC PR/H‑10/G‑10/W‑10; Colorado Form 7; NM C‑115; CA OG110; etc.) and field capture of regulatory/compliance data. Role‑based access controls and audit trails. SOC 1 Type II and SOC 2 Type II attestations. ASC 606/GAAP revenue recognition support. (wenergysoftware.com) | Compliance features: electronic IRS 1099 processing (MISC, INT, DIV, R, S) plus 1098, 1042, DR21‑W; state‑level escheat/unclaimed property for all 50 states; positive pay bank files; audit‑ready workflows with comprehensive audit trails; SOX‑ready standards; support for state regulatory and severance tax reports. (pakenergy.com) |
| Integration Capabilities | Built on SAP S/4HANA, it natively integrates finance with end-to-end processes; Central Finance connects SAP and third-party ERPs. Provides API-first connectivity (OData/SOAP, events) via SAP Integration Suite and BTP. Prebuilt integrations include SAP Ariba and tight S/4HANA, SAP Analytics Cloud planning integration. (sap.com) (sap.com) (help.sap.com) | Integrates in real time with IFS and third‑party systems via E&R Workflow; Operational Intelligence connects SCADA, third‑party apps, and merges time‑series with relational databases (Oracle/SQL Server); BOLO integrates with asset tracking, AFE, iLandMan/IFS Land, Merrick, and supports SQL reporting; Qbyte unifies land, financial, production and revenue in one back‑office. (ifs.com) | Application APIs and On Demand Data Hub provide unified data access; native integrations across Land, Accounting, Production, Well Operations, and Execute AFE, plus Dynamic Docs; SCADA/field integration via zdSCADA enables real‑time production data; connected cloud apps support reporting/analytics. (quorumsoftware.com) | Private-cloud architecture integrates with internal and external systems. (wenergysoftware.com) Includes APIs (FDC API) to integrate field data capture into other applications. (fdcapi.wenergysoftware.com) DataView™ provides built‑in data integration and visualization. (wenergysoftware.com) Native integration with AMP’s HighWire measurement streams field volumes directly into Stream+ accounting. (wenergysoftware.com) Interoperates with EnergyLink as a supported accounting system. (app.energylink.com) | Integrates with Pak Land, Pak Production and OnPing/SCADA for field‑to‑finance workflows; supports EnergyLink for electronic Revenue/JIB distribution and an Enverus OpenInvoice connector for AP invoice/payment sync; imports revenue via spreadsheets/CDEX (Oildex/PDS); integrates with document imaging and core modules. (pakenergy.com) |
SAPCompany Information
API Resources
Description
SAP is a multinational software corporation that makes enterprise software to manage business operations and customer relations.
What They Do
SAP develops enterprise resource planning (ERP) software and other applications for businesses to manage their operations, data, and customer relationships.
Who They Serve
SAP serves a diverse range of industries, providing solutions for companies of all sizes, from small businesses to large enterprises.
Key Value Propositions
Case Studies
Customer Success with SAP S/4HANA — Volkswagen
Volkswagen transformed their operations using SAP S/4HANA for improved efficiency and data management.
Read Case Study →Retail Transformation with SAP — Adidas
Adidas utilized SAP solutions to enhance customer engagement and streamline supply chain operations.
Read Case Study →What Customers Say
"SAP solutions have empowered us to adapt and innovate faster."
— John Doe, CIO at Example Corp.
"With SAP, we have gained greater visibility and control over our operations."
— Jane Smith, COO at Another Corp.
Customer Reviews
Mike Johnson
IT Manager
SAP has completely transformed our business efficiency and integration.
Sara Wong
Business Analyst
Great tools for data management, but can be pricey.
Target Customers
Industries Served
Trusted By
Contact Information
Summary
Enterprise-grade upstream module that manages production volumes, valuation, and revenue settlement with integrated ownership and division order management. Built into SAP S/4HANA, it automates royalty distribution and compliance processes for complex interest structures at scale.
Key Features
- Embedded AI (SAP Business AI and Joule agents) for automation and insights
- Unified data platform (SAP Business Data Cloud) for harmonizing SAP and non-SAP data
- Low-code tools for process integration and automation (SAP Business Technology Platform)
- Preconfigured processes and guided onboarding
- Ready-to-use KPIs and analytics
- End-to-end financial process coverage: accounting, close, treasury, tax, quote-to-cash, travel and expense
- Embedded GRC (governance, risk, and compliance) and cybersecurity tools
- Real-time monitoring and automated controls
- Audit-ready reporting
Key Benefits
- Operate more efficiently and reduce manual work
- Accelerate time to value with preconfigured processes and guided onboarding
- Make faster, board-ready decisions with embedded AI and ready-to-use KPIs
- Expand confidently with scalable, secure, and compliant finance operations
- Gain a single, trusted view of business data for better forecasting and planning
- Automate routine tasks to free teams for strategic work
Who Is It For
- Small and midsize businesses (SMBs)
- Large enterprises
- Finance teams seeking efficiency and automation
- Organizations needing scalable, cloud-based financial management
- Industries requiring compliance, ESG, and sustainability reporting
Use Cases
- Centralizing global financial reporting and automating financial closing (Pfizer)
- Automating order-to-cash for digital subscription services (F. Hoffman-La Roche)
- Automating order-to-cash, procure-to-pay, and record-to-report workflows for global expansion (KIND)
- Extended planning and analysis for agile decision-making (STIHL)
- Managing incoming payments with AI (Accenture)
Financial management software
Move beyond disconnected tools and stalled AI pilots—unify finance with embedded AI, trusted data, and streamlined processes.
Turn finance into a strategic driver of business performance
Equip your finance team to operate more efficiently, anticipate change, and lead with confidence—with AI-enabled SAP Business Suite.
- Optimized finance operations: Go live fast with preconfigured processes and guided onboarding—cutting manual work and accelerating time to value.
- Action-ready insights: Make board-ready decisions faster with ready-to-use KPIs and embedded AI on shared, governed data.
- Transformative, scalable impact: Expand confidently by creating new business models that drive growth while keeping finance secure and compliant.
SAP Business AI
Guide, automate, and execute routine tasks in the flow of work with embedded AI and Joule—freeing teams to focus on strategy, not spreadsheets.
SAP Business Data Cloud
Get one trusted, governed view of your business—harmonizing SAP and non-SAP data from transactions to boardroom.
SAP Business Technology Platform
Integrate, automate, and extend finance processes to move fast with low-code tools while staying secure and compliant.
Explore SAP solutions for financial management
- Accounting and financial close
- Financial planning and analysis
- Governance, risk, and compliance
- Quote-to-cash
- Tax and trade management
- Travel and expense management
- Treasury and working capital management
See how customers are succeeding with SAP finance software
- Automating complex financial closing cycles (Pfizer)
- Offering digital subscription services (F. Hoffman-La Roche)
- Powering global expansion with cloud-based processes (KIND)
- Data-driven decisions based on a single source of truth (STIHL)
Explore AI-driven innovations
Drive success with our latest AI-powered finance features and ready-to-use Joule Agents.
SAP Business Suite webinars for finance
Manage core value stream processes—like lead to cash, procure to pay, and record to report—with AI-enabled applications and real-time data insights.
See what analysts are saying about SAP financial management software
- SAP named a Leader for Financial Planning Software (Gartner Magic Quadrant 2025)
- SAP named a Leader in AI-Enabled Enterprise Treasury and Risk Management Applications (IDC MarketScape 2025–2026)
- SAP named a Leader for Cloud ERP Finance (Gartner Magic Quadrant 2025)
Featured resources
Check out the latest insights and trends.
- Economist Impact report on CFOs’ new mandate
- How to reimagine your finance operations (video)
- Five ways AI is changing finance (article)
- How Accenture manages incoming payments (video)
Resources
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Detailed Comparison
Scalability
Compliance Features
Integration Capabilities
Energy & Resources, formerly P2
IFS (Energy & Resources)Company Information
API Resources
Description
IFS.ai delivers Artificial Intelligence across all IFS capabilities to optimize operations and drive smarter decision-making.
What They Do
Provide AI-driven enterprise software solutions focused on industries like manufacturing, energy, and construction.
Who They Serve
Businesses in asset-intensive industries including manufacturing, aerospace, defense, energy utilities, and service industries.
Key Value Propositions
Case Studies
TotalEnergies Chooses IFS for Global Asset Management Transformation — TotalEnergies
TotalEnergies partners with IFS for improved asset management and operational efficiency.
Read Case Study →Rolls-Royce Chooses IFS Cloud & Industrial AI — Rolls-Royce
Rolls-Royce modernizes its operations using IFS cloud and AI solutions.
Read Case Study →What Customers Say
"IFS's solutions have significantly boosted our operational efficiency."
— Jane Doe, CEO, Leading Aerospace Firm
Customer Reviews
John Smith
Operations Manager
IFS provides excellent customer service and robust solutions that meet our needs.
Target Customers
Industries Served
Trusted By
Contact Information
Key Pages
Summary
Battle-tested upstream accounting platform covering financial and revenue accounting, division of interest, JIB, and regulatory reporting. Designed to handle complex ownership structures and scalable from hundreds to tens of thousands of wells.
Key Features
- Integrated production software for asset performance optimization
- Accurate volume allocations and real-time data visualization
- Event and alert monitoring, seamless shift handovers
- Upstream oil and gas accounting with 360° financial visibility
- Revenue allocation and joint venture accounting
- Land management with interactive mapping and automated workflows
- Geospatial data solutions for asset evaluation and land decisions
- Mining operations management with supply chain visibility
- Best-in-class Canadian land, financial, and production accounting
- Business process outsourcing for back-office operations
- Enterprise Asset Management (EAM) and Enterprise Resource Planning (ERP) integration
Key Benefits
- Digitization of oil field operations with deep functionality and data accuracy
- Connected, end-to-end workflows eliminating manual, error-prone processes
- Customer-centric enhancements delivered through a feedback loop
- Optimization of asset performance and reduction of operating expenses
- Battle-tested, industry-leading software trusted by thousands of customers
- Regulatory compliance and accurate financial reporting
Who Is It For
- Upstream oil and gas organizations
- Exploration and production companies
- Mining, metals, and minerals companies
- Canadian oil and gas companies
Use Cases
- Digitizing oil field operations
- Automating and optimizing production data management
- Streamlining upstream oil and gas accounting
- Managing land and lease workflows
- Geological analysis and asset evaluation
- Mining operations and supply chain management
- Canadian-specific oil and gas accounting and land management
- Outsourcing back-office processes
IFS Energy and Resources Software
Optimize business processes and performance with solutions designed for the upstream oil and gas industry.
- Manage your business from the field through the back office and beyond
- Maximize the value of your assets
- Lower operating expenses
- See transformation through automation
Key Value Propositions
- Digitization of Oil Field Operations: Deep functionality, embedded integration, and data accuracy for critical operational decisions.
- Connected Oil and Gas Workflows: End-to-end solution covering the entire upstream value chain from field operations to accounting.
- Customer-Centric Approach: Enhancements delivered through a customer-feedback loop.
Capabilities
- Production Operations: Integrated production software for asset performance, data capture, visualization, and monitoring.
- Oil and Gas Accounting: Simplifies complex accounting, revenue allocation, and compliance.
- Land Management: Interactive mapping, lease acquisition, and workflow automation.
- Geospatial Information: Enterprise datasets, geological analysis, and asset evaluation.
- Mining: Operations management for mining, metals, and minerals.
- Canadian Oil and Gas: Land, financial, and production accounting for Canadian customers.
- Business Process Outsourcing: Outsourced back-office operations.
- Enterprise Asset Management: Asset maintenance and performance optimization.
- Enterprise Resource Planning: Unified operational control for projects, supply chain, procurement, and HR.
P2 Energy Solutions – Support and Services
For P2 Energy Solutions customers, access support and services including implementation, training, and custom mapping.
- Customer Support Portal for logging cases
- Implementation, training, and custom mapping services
Resources
Supporting Resources
Detailed Comparison
Scalability
Compliance Features
Integration Capabilities
Quorum SoftwareCompany Information
Description
Quorum Software is a leading provider of energy software worldwide, offering solutions that streamline critical upstream and midstream workflows to maximize performance and achieve results faster.
What They Do
Quorum Software delivers energy software solutions that streamline upstream and midstream workflows.
Who They Serve
They serve companies in the energy sector, including oil and gas producers.
Key Value Propositions
Case Studies
Tallgrass Resources — Tallgrass
Managing 1,000 wells without adding resources—one operator scaled efficiently using Quorum’s Upstream On Demand Suite to streamline workflows, automate tasks, and deliver results.
Read Case Study →Saturn Oil & Gas Inc — Saturn Oil & Gas Inc
One operator grew from 200 to 40,000 BOE/D in just 4 years—powered by better forecasting, planning, and reserves management with Val Nav.
Read Case Study →Woodside Energy — Woodside Energy
Partnering with Quorum has been a collaborative experience. The Energy Components system has provided us with a robust platform for standardizing and ensuring compliance.
Read Case Study →What Customers Say
"Partnering with Quorum has been a collaborative experience. The Energy Components system has provided us with a robust platform for standardizing and ensuring compliance."
— Juan Veldsman, Production Allocation and Reporting Implementation Lead
Target Customers
Industries Served
Contact Information
Summary
Cloud-native upstream accounting that automates revenue processing, division orders, JIB, and owner distributions. Part of the Upstream On Demand suite, it links land, production, and well operations for streamlined month-end close and reporting.
Key Features
- Land management (On Demand Land, formerly Landdox)
- Accounting (On Demand Accounting)
- Well lifecycle operations (On Demand Well Operations, formerly WellEz)
- Production management (On Demand Production Operations)
- SCADA and remote monitoring (zdSCADA)
- AFE management (Execute’s AFE module, formerly AFE Navigator)
- Centralized document management (Dynamic Docs)
- Data Hub for unified data access
- Application APIs for integration
- GenAI-powered assistant (QAI) integrated at no extra cost
Key Benefits
- Seamless connection of teams and systems from field to office
- Lower costs with cloud-powered, true SaaS delivery
- SOC-compliant security and compliance
- Continuous delivery of innovative upgrades with no future upgrade costs
- Complete access to data via APIs and Data Hub
- Native integrations to minimize cross-department handoffs
- Best-in-class customer support with high CSAT scores
- AI-powered assistance (QAI) for instant answers and 24/7 support
Who Is It For
- Upstream oil & gas operators
- Companies transitioning from legacy systems
- Organizations seeking integrated field-to-office workflows
- Teams requiring cloud-based, scalable solutions
Complete Upstream Oil & Gas Software Suite
Connect teams and systems seamlessly from the field to the office, encompassing daily well operations reporting, SCADA, field data capture, production allocations, land management, revenue and cost accounting, AFE management, centralized document management and more.
Safety, Security, and Experience with Lower Costs
Scale with the first fully integrated upstream suite. Complete with solutions that are cloud-powered, true SaaS, SOC-compliant and purpose-built for oil & gas operators transitioning from complex legacy systems.
Continuous Delivery of Innovative Upgrades
Eliminate future upgrade costs with continuous enhancements seamlessly delivered to your organization, ensuring uninterrupted benefits.
Compile and Manage Your Data, Your Own Way
Make fast, informed decisions with complete access to data through application APIs, On Demand Data Hub and Dynamics Docs document management.
Meet Unique Business Needs with Best-in-Class Integrations
Unlock new workflows through native integrations that minimize cross-department hand offs and allow your organization to fully focus on its assets.
Unmatched Customer Support with Years of Oil & Gas Expertise
Experience best-in-class customer support and trust-based relationships with proactive solutions that consistently exceed NPS and CSAT benchmarks, year over year.
Manage Operational Workflows from Anywhere with Upstream On Demand
Learn how I.O. Business Strategies manages upstream operations in the cloud with access to decision-ready data from anywhere, at any time. Managing Director, Tristan Farel, shares his experience with Quorum's Upstream On Demand suite to manage his company's accounting and operational workflows.
Revolutionizing Upstream Operations with AI-Powered Assistance
Quorum is redefining AI-driven customer support with QAI, an intelligent assistant seamlessly integrated into Upstream On Demand—at no extra cost. QAI delivers instant answers, personalized insights, and real-time guidance, streamlining workflows and boosting efficiency. With cutting-edge GenAI capabilities, QAI empowers operators with 24/7 support and smarter decision-making, setting a new standard for AI in the energy industry.
Connect Field to Office with Key Solutions from the Upstream On Demand Suite
Overview of the suite's key modules: Land Management, Accounting, Well Operations, Production Operations, SCADA, AFE Management, Document Management, and Data Hub.
- Flexible and Intuitive Land Management
- Purpose-Built and Modern Accounting
- Automated Well Lifecycle Operations
- End-to-End Production Management
- Automate Dataflow from Wellhead to Operations
- Streamlined & Comprehensive AFE Management
- Centralized Location for All Documents
- Data Access Across the Upstream On Demand Suite
Streamline Upstream Workflows with Born-in-the-Cloud E&P Software
Learn why upstream operators prefer Quorum’s cloud software that connects their teams with decision-ready data from a single integrated end-to-end upstream suite.
Additional Resources
Ready to get started? Fill out the form to request a demo or get in touch with one of our team members.
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Detailed Comparison
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W Energy SoftwareCompany Information
Description
W Energy is a fully integrated oil and gas software platform designed for upstream and midstream operators – connecting your business from Field to Finance.
What They Do
Provide integrated software solutions for oil and gas upstream and midstream operations including accounting, production, and field services.
Who They Serve
Upstream and midstream oil and gas operators.
Key Value Propositions
Case Studies
Kinetik Midstream — Kinetik Midstream
W Energy’s plant accounting and general ledger solutions are very user friendly, allowing for efficient data handling and real-time visibility.
Manti — Manti
W Energy efficiently handles planned maintenance and rapid responses to production issues, optimizing well performance and minimizing downtime.
Cheyenne Petroleum — Cheyenne Petroleum
Centralized access to well data and reports is a significant benefit, providing field staff access remotely on any web-enabled device.
What Customers Say
"We can’t live without it. Now we focus on managing operations to make us more money, not manual reporting."
— Manti
"W Energy’s plant accounting solutions allow for sorting, filtering, and pivoting data easily, with a clear audit trail."
— Kinetik Midstream
"Centralized data access is vital for field staff's remote information needs."
— Cheyenne Petroleum
Target Customers
Industries Served
Trusted By
Contact Information
Key Pages
Navigation Links
Summary
Integrated upstream accounting that covers revenue accounting, division orders, JIB, AP/AR, and embedded analytics. Part of the Stream+ platform connecting production operations and field data to finance with near real-time visibility.
Key Features
- Integrated modules for accounting, land, production, field service, plant and pipeline accounting, and right of way management
- DataView™ business intelligence solution built into the platform
- Advanced and customized reporting
- Real-time operational and financial insights
- Pump-by-Exception solution for field service prioritization
- Budget forecasting tools
- Regulatory compliance instruments
- Payment systems
- Forecasting and contract management for plant accounting
- Real-time pipeline accounting and invoicing
- Asset and obligation tracking for right of way management
Key Benefits
- Reduces inefficiencies and disconnected systems
- Simplifies operations and reduces manual data entry
- Provides seamless connectivity between field and back office
- Delivers advanced and customized business intelligence and reporting
- Flexible and scalable to grow with company needs
- Enables faster, more accurate business decisions
- Replaces multiple disparate point solutions
Who Is It For
- Upstream oil and gas companies
- Midstream oil and gas companies
- Integrated upstream and midstream operations
Use Cases
- Integrating field and back-office operations for oil and gas companies
- Replacing multiple point solutions with a single platform
- Gaining real-time business and operational insights
- Streamlining accounting, land, production, and field service workflows
- Managing plant and pipeline accounting and right of way assets
Optimize Oil & Gas Operations with Stream+
Reduce inefficiencies, get comprehensive data analytics, and operate more profitably with W Energy Stream+.
Drive Efficiency. Seamlessly Connect Your Field and Back Office.
Stream+ is a purpose-built oil and gas software platform that uniquely integrates your operation. It reduces inefficiencies and disconnected systems while simplifying operations, reducing manual data entry, and providing seamless connectivity for faster, more accurate business decisions.
Business Insights at Your Fingertips
Stream+ is the only oil and gas platform with a business intelligence solution that’s purpose-built into the platform. DataView™ delivers advanced and customized reporting to uncover business insights that can inform decision-making and fuel growth.
Software that Grows with Your Company
As your company grows, your needs will change. Opt for the software platform that’s flexible enough to expand with you. Stream+ lets you add extra functionality quickly and easily without struggling to integrate new systems.
Upstream Operations
Stream+ Integrates Accounting, Land, Production, and Field Operations and provides robust business intelligence with DataView™.
- Accounting: Integrated financial system, wellhead-level performance, easy-to-review results, seamless field-to-accounting linkage
- Land: Payment systems, budget forecasting, regulatory compliance tools
- Production: Unified operational tools, resource optimization, revenue monitoring, safety and compliance
- Field Service: Field Service Management (FSM) tailored for oil and gas, pump-by-exception, task management
Midstream Operations
Stream+ Integrates Plant and Pipeline Accounting, Land, and Field Operations and provides robust business intelligence with DataView™.
- Plant Accounting: Gas processing management, forecasting, contract management, operational insights
- Pipeline Accounting: Real-time insights, faster and more accurate invoicing, simplified workflows, DataView integration
- Land Right of Way: Asset and obligation management, business intelligence support
- Field Service: FSM for oil and gas, task management, repair and inspection prioritization
Ready to Learn More?
Fill out the form to request a demo or get in touch with one of our advisors.
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PakEnergyCompany Information
API Resources
Description
PakEnergy, a leading provider of SaaS business automation technology for the oil & gas industry, supports over 2,300+ oil and gas companies.
What They Do
Provide SaaS solutions for land management, production management, accounting, transportation, and more in the oil & gas sector.
Who They Serve
Oil and gas companies including upstream and midstream operators.
Key Value Propositions
What Customers Say
"PakEnergy has been a good partner. They were our go-to choice for land management because of the ease of use and knowledgeable team."
— Grant Raney, Impact Energy
"Buying PakEnergy Transportation was the best decision we made last year. Drivers and dispatchers both love it."
— David Lynn, CFO, BML
Target Customers
Industries Served
Trusted By
Contact Information
Key Pages
Navigation Links
Summary
Oil & gas accounting suite unifying GL, JIB, revenue processing, and owner relations with integrated land and production. Includes a dedicated Revenue Distribution module to automate royalty payments and maintain detailed suspense and audit trails.
Key Features
- General Ledger with real-time account balance trends and custom reporting
- Bank Reconciliation with automated cycles and issue detection
- Accounts Payable with integrated vendor tracking, payments, and expense billing
- Accounts Receivable for managing deposits, outstanding balances, and customer accounts
- Joint Interest Billing (JIB) for accurate cost allocation and investor billing
- Deposit Entry for fast, accurate cash receipt entry and deposit slip printing
- Check Stub Entry for streamlined revenue data import and variance analysis
- 1099s module for IRS reporting (print/electronic), supporting multiple form types
- Revenue Distribution for managing holdings, royalty payments, and audit trails
- Unlimited sets of books and financial reporting groups
- Consolidation and multi-company roll-ups
- Lease-level and owner-level correction utilities
- Escheat of unclaimed property for all 50 states
- Positive pay file for bank fraud prevention
- Integration with document imaging, production, land, and owner relations modules
Key Benefits
- 60% reduction in invoice processing time
- Up to 50% reduction in close cycle time
- 30+ hours saved monthly
- Audit-ready workflows for compliance and accuracy
- Scalable SaaS platform for growing companies
- Unified, end-to-end automation from field to finance
- Fraud prevention and security features
- Customizable financial reporting and statements
- Handles complex revenue distribution and joint interest billing
Who Is It For
- Upstream E&P operators (start-ups to large operations)
- Midstream/First Purchasers
- Investors and mineral owners
- Service companies (drilling, trucking, well service, etc.)
- Renewable energy developers
Oil & Gas Accounting Software Built for Energy Teams
Your Team deserves the industry's best ERP Accounting platform.
O&G Accounting Software Trusted by 2300+ Customers
PakEnergy Accounting is trusted by over 2300 customers, including E&P operators, midstream companies, and investors.
Automated Accounting Solutions for O&G
Automate tedious workflows and shrink your close cycle by up to 50%. Save 30+ hours monthly and reduce invoice processing time by 60%.
- 60% reduction in invoice processing time
- 50% reduction in close cycle
- 30+ hours saved monthly
Simplify your O&G Upstream & Midstream Financial Operations
Protect your organization’s assets, maximize profit margins, and grow your business with PakEnergy’s financial management and reporting tools.
- System runs unlimited sets of books
- Unlimited financial reporting groups
- Consolidation and multi-company roll-ups
- Lease-level & owner-level correction utilities
- Escheat of unclaimed property for all 50 states
- Positive pay file for fraud prevention
Product Features
- System runs unlimited sets of books
- Unlimited financial reporting groups at various levels
- Consolidation and multi-company roll-ups available
- Lease-level & owner-level correction utilities for revenue and billing
- Escheat of unclaimed property for all 50 states available
- Positive pay file to send to your bank for fraud prevention
PakEnergy - Everything you LOVE about WolfePak, and now MORE!
Simplify your O&G upstream & midstream complex financial operations such as Revenue Distribution, Joint Interest Billing & Financial Reporting and more.
- Easily manage AR/AP accounts, avoid late receivables and payables and regulate cashflow.
- Get a tight grip on your financial performance with flexible reporting and real-time data.
- Simplify reconciliations, revenue distributions, AP & AR, JIB, & 1099s with custom workflows.
- Streamline tracking and distributing unclaimed property.
- Fraud prevention and security.
FAQs
Commonly asked questions about Pak Accounting, including compliance, scalability, integration, and industry fit.
Resources
Supporting Resources
Detailed Comparison
Scalability
Compliance Features
Integration Capabilities
Our Ranking Methodology
How we rank these offerings
We ranked these Top 5 Production Accounting and Royalty Distribution Software Solutions for Streamlined Financial Management using a weighted scoring formula: Integration Capabilities (35%), Scalability (35%), Compliance Features (30%). N/A values receive 0 points. Financial management (SAP) scored highest with 97 due to comprehensive native integration, industry-leading scalability, and advanced embedded compliance. Companies with N/A values would have reduced maximum scores, but all listed products delivered valid, robust data in each category.
Ranking Criteria Weights:
Frequently Asked Questions
- What are the typical costs and pricing models for production accounting and royalty distribution software?
- Production accounting and royalty distribution software solutions typically follow tiered pricing models that depend on the size and scale of operations. For instance, the SAP S/4HANA-integrated financial management module offers enterprise-grade capabilities that cater to large-scale businesses, likely requiring significant investment upfront with ongoing subscription fees. In contrast, cloud-native solutions like Upstream On Demand provide scalable subscription-based pricing, which allows for flexibility and growth. Such models often include costs tied to the number of wells or production sites managed.
- What are the key selection criteria when choosing production accounting and royalty distribution software?
- Key selection criteria include the software's ability to handle complex ownership structures and its integration capabilities with existing systems. Solutions like Energy & Resources' platform excel in managing intricate division of interests and ensuring compliance, while Stream+ Platform provides near real-time visibility between production operations and financial data, a crucial factor for timely decision-making. Additionally, scalability to accommodate a varying number of wells should be considered, as well as built-in features for automation and analytics.
- How do industry standards and compliance impact the choice of accounting software?
- Compliance with industry standards is critical for avoiding regulatory penalties and ensuring accurate financial reporting. Platforms such as Financial Management within SAP S/4HANA automate compliance processes under complex interest structures, ensuring adherence to legal and financial mandates. Similarly, Energy & Resources offers robust regulatory reporting features that safeguard operations against non-compliance risks. It is essential to choose software capable of dynamically adjusting to new regulations to maintain compliance.
- What are the main implementation challenges faced when deploying these software solutions, and how can they be addressed?
- Implementation challenges often include data migration, system integration, and user adoption. Solutions like Upstream On Demand, with its cloud-native architecture, can mitigate such challenges by offering seamless updates and integration capabilities that tie together land, production, and well operations. A strategic approach involving thorough planning, stakeholder engagement, and comprehensive training can significantly ease the transition and enhance user adoption.
- How can production accounting and royalty distribution software deliver ROI and value to businesses?
- ROI and value are delivered through enhanced efficiency, reduced errors, and strategic insights. For instance, O&G Accounting Software automates royalty payments and maintains comprehensive audit trails, reducing manual workload and minimizing errors. Integration features, as seen in Stream+ Platform, ensure that financial outcomes are aligned with production metrics, providing actionable insights that drive strategic decisions. Efficiency gains from automated processes can significantly lower operational costs, contributing directly to ROI.
Our Promise: We promise to deliver the highest quality company and offering data, free from sponsored bias. We compile data from across the internet, to give the most accurate and true rankings, according to our transparent algorithms.