Accounts receivable software for oil and gas companies
Oil and gas companies are owed money by purchasers and by working interest partners, often in large amounts and on long cycles. Adopt keeps the aging current, drafts follow-ups for overdue balances and holds each one for your approval.
How oil and gas companies handle this today.
Large balances, few customers. A handful of purchasers and partners can hold most of what you are owed.
Partners owe their share. Working interest partners are billed for their share of costs and pay on their own schedule.
Long payment cycles. Revenue and cost settlements can take months to clear.
Cash depends on collections. Drilling and operating budgets lean on money coming in.
Oil and gas accounts receivable, kept current
Adopt prepares the work in the background. Your team reviews and approves it, and every approval stays on the record.
Connect your accounts
Open balances and bank activity sit side by side.
Keep the aging current
Balances by purchaser and partner update as payments arrive.
Draft follow-ups
Reminders are drafted for overdue balances and held for review.
Approve
You decide what is sent. Nothing goes out until you approve it.
What changes for oil and gas companies
Concentration called out
See which purchasers and partners hold most of the balance.
Every follow-up reviewed
Reminders to partners wait for a named reviewer.
Multiple entities
Operating entities can each keep their own books.
FAQs
It tracks what purchasers and partners owe you, follows up on overdue balances and records payments as they arrive. Adopt prepares that work and your team approves it.
Yes. Partner balances appear in the aging alongside other customers, with follow-ups drafted for anything overdue.
No. Every reminder waits for your approval.
No. Adopt works on its own. A business without any accounting system can start on Adopt and keep its books there.
More software for oil and gas companies
Accounts receivable software for other industries
Partner and purchaser balances, kept current.
You approve every entry.
Start free and connect your first account. Adopt works on its own, so you do not need another accounting system to begin.
