IFS Excalibur has an undisputed track record as a battle-tested and leading accounting software that addresses critical business requirements and workflows for oil and gas accountants.
Full management of financial performance
IFS Excalibur eliminates disparate systems and uses one robust platform to manage all core areas of accounting: financial & revenue accounting, authorization for expenditure, joint interest billing, treasury management, division of interest, asset management, land and lease management, and more.
Automated accounting practices
IFS Excalibur replaces spreadsheets and manual processes with best-in-class software that automates time-consuming accounting practices. This enables staff to be more efficient and allows for the faster exchange of data and information between departments.
Quick time to value
Configurable software that can be implemented quickly means a short time to value and a faster realization of IFS Excalibur's benefits that include predictable budgeting, integration with most third-party systems, and scalability to support hundreds or tens of thousands of assets.
"After moving to IFS Excalibur, we were able to significantly reduce the FTE time required to manage the various areas of the accounting process. As an example, we reduced GL voucher keying from 4-5 days a month down to just five minutes."
Oil and gas accounting
From asset management to authorization for expenditures (AFE) and joint interest billing (JIB) to royalty and tax reporting, we have you covered. IFS Excalibur’s oil and gas accounting module can help you get the most value from assets and control your costs.
Business intelligence and reporting
A winning business intelligence and reporting strategy means getting actionable information to the right people at the right time. Within IFS Excalibur, you’ll find ad hoc query writing capabilities, real-time data access, and IFS Excalibur SQL Connect which replicates your data in a standard relational database for easy reporting.
E&P Company with Annual Revenue of $100M Realizes Immense Savings
After implementing IFS Excalibur, this E&P reduced the number of supplementary AFEs required by 65%, reduced audit prep time from one week to 1.5 days, and improved productivity of JIB processes by 75%.
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.