WellPoint Systems is the industry leading supplier of solutions for managing accounting, land, production, marketing and venture management challenges for Oil and Gas companies. WellPoint oil-gas upstream solutions enable our clients operate their businesses more effectively while maximizing profit opportunities.
WellPoint BOLO helps companies manage their business better by automating the complex business process requirements of the oil and gas industry in the United States including accounting, land, and production. BOLO Accounting automates the time-consuming processes of revenue and expense distribution as well as treasury, general ledger and financial management. BOLO Land tracks leases, contracts, wells and divisions of interest information. BOLO Production tracks critical production volume information for proactive decision-making.
Energy Financial Management
WellPoint Energy Financial Management (EFM) was built on Microsoft Dynamics AX business software and designed with the complex needs
of oil and gas companies in mind, offering a single standard global solution for worldwide financial management and
reporting requirements. Financial solutions from WellPoint Systems offer a fresh approach to corporate financial management
with a best-in-breed solution focused on industry requirements for integration and flexibility. The result is an innovative
solution capable of exceeding the financial and accounting requirements of the industry, including authorization for
expenditure management, cost center controls, division of interest and joint interest billing. The result is an innovative solution capable of exceeding the financial and accounting requirements of the oil and gas industry, including AFE tracking, cost center controls, division of interest, joint venture management, and revenue distribution.
The WellPoint IDEAS oil and gas accounting system was specifically developed to accommodate the unique requirements of
multi-national oil and gas operators. IDEAS, designed in conjunction with the world’s most successful oil and gas companies,
combines powerful core accounting functionality with an integrated industry-specific module suite. The system is unique in
its capability to comply with local accounting and reporting requirements of any country in which it is being used, while
simultaneously meeting home country financial reporting standards.