IFS BOLO is the industry-leading accounting solution in upstream oil and gas that boasts the most capable revenue and joint interest accounting processes to handle any business scenario. Nothing can match IFS BOLO’s ability to operate your business.
Complete accounting automation
Automate time-consuming accounting practices by replacing spreadsheets and manual processes with best-in-class software that boasts an intuitive UI built for growth-oriented customers. IFS BOLO enables staff to be more efficient and allows for the faster exchange of data and information.
Configurable, scalable, and short time to value
IFS BOLO can conform to your organization's unique and changing needs and is scalable to manage and support hundreds or tens of thousands of properties. IFS BOLO can be implemented in 3-6 months which means you're able to derive value from the software quickly.
Oil and gas accounting
Shared ownership and joint ventures create special challenges for oil and gas accounting. IFS BOLO’s accounting module gives you full visibility into revenue accounting, allocation and valuation, accounts payable/receivable, joint interest billing, and much more.
Asset & tax management
Superior financial asset management can make a meaningful difference in project profitability. IFS BOLO reduces the risks inherent in tracking assets at producing and non-producing properties and calculating DD&A (depletion, depreciation, and amortization).
"Exploration and production companies, unsurprisingly, are adapting their business processes to combat these challenging times. They have to. Our selection of IFS BOLO is another great step toward smarter, more efficient operations."
Senior Vice President of Marketing and Product Management
Ownership and contract management
IFS BOLO provides the ability to manage complex revenue distribution models, special owner level pricing agreements, joint interest relationships, and more.
Compliance and audit
Compliance is a fact of life in the oil and gas business. With IFS BOLO's compliance and audit module, you work through an intuitive portal to track data back to the original source of any transaction to retrieve a complete, accurate history of all financial activities.
Integrated production software that optimizes asset performance for over 50% of wells in the U.S. and thousands of others worldwide. Allows for accurate volume allocations, effective field data capture and validation, real-time data visualization, and more.
Geospatial data and information solutions that allow users to maintain enterprise datasets, enable geological analyses for asset evaluation, make critical land & lease decisions, and gain visibility into future opportunities.
Management of your complete upstream oil & gas business through IFS' market-leading, end-to-end solution that spans the entire upstream value chain – from field operations and land acquisition through financial accounting.