What is PakEnergy's Accounting ERP, and what industries does it serve?

PakEnergy Accounting is an industry-tailored Energy ERP (Enterprise Resource Planning) system designed to manage complex financial and operational workflows. It is built with over 35+ years of expertise specifically for the needs of upstream E&P operators, midstream first purchasers, investors, and renewables developers. We provide a scalable SaaS solution to unify your back office and field operations.

How does PakEnergy ensure compliance and accuracy in financial reporting?

PakEnergy Accounting ensures accuracy and minimizes compliance risk by providing audit-ready workflows and embedded regulatory knowledge. Our features support SOX-ready standards, offer precise royalty and tax reporting, and handle necessary filings such as 1099s and state-level escheat compliance. The system uses real-time data and comprehensive audit trails, allowing your back office to operate with complete transparency.

Does the PakEnergy system handle specialized oil & gas billing processes like JIB and Revenue Distribution?

Yes. Our system is built around the core financial needs of the energy sector. The integrated Joint Interest Billing (JIB) module automatically allocates costs to investors and partners, supporting multiple AFE (Authorization for Expenditure) netting options and different overhead rates. Additionally, the Revenue Distribution module simplifies the complex process of correctly calculating and distributing revenue to owners, ensuring timely and accurate payments.

Is the PakEnergy platform scalable for growing companies?

Absolutely. One of our core strengths is that PakEnergy is a scalable cloud-based SaaS platform. This means your accounting operations can grow without adding headcount. The unified, end-to-end structure is designed to handle expansions, acquisitions, and increasing transaction volumes efficiently, allowing you to modernize legacy systems and focus on growth.

Can I integrate accounting data with my field operations and production software?

Yes, that is the core advantage of the PakEnergy platform. Our accounting solution provides end-to-end automation that links seamlessly with modules like Pak Land, Pak Production and OnPing. This integration gives you real-time visibility into operational costs, production volumes, and financial performance, effectively automating workflows from field to finance.

PakEnergy Document Automation & Exchange

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Join us on for an inside look at our document automation process and Pak Exchange.

PakEnergy Document Automation & Pak Exchange

March 19, 2024 at 2:00 pm CST

This webinar will give you an overview of how you can streamline your AP invoice as well as division order processes with PakEnergy document automation and Exchange.

Learn how Pak Docs and Exchange can help you:

Streamline workflows with touchless approvals
Establish an ecosystem of your vendors, owners, and operators at no cost
Save time and increase productivity with seamless integration to Pak Accounting
Automate and accelerate the distribution and execution of division order letters with secure portal and digital signature features
Get visibility into your business and make smart decisions with dynamic reporting at your fingertips

Save your spot for this value-added webinar today!

Thank you for attending PakEnergy Document Automation & Exchange Webinar.

Here is the link to the webinar recording and the presentation slides on our Customer Success Portal for you to access at your convenience.

Make sure you have an account by checking in with our support team (support-accounting@pakenergy.com ).

PakEnergy Document Automation & Exchange

Join us on for an inside look at our document automation process and Pak Exchange.

PakEnergy Document Automation & Pak Exchange

Save your spot for this value-added webinar today!

Thank you for attending PakEnergy Document Automation & Exchange Webinar.

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