Simplified Billing for Oil & Gas

    Providence Joint Interest Billing (JIB) streamlines the management of joint expenses, owner invoicing, and pre-payments. Fully integrated with General Ledger and accounts receivable, it centralizes billing, enhances visibility, and ensures accurate cost allocation across every ownership interest.

    Key Features

    Flexible DOI management
    Historical billing records
    Comprehensive billing and invoicing

    Joint Interest Billing gives your organization complete control and flexibility across every stage of the billing process.

    • Comprehensive billing and invoicing: Enter, post, and track joint billing expenses with precision. Integrates with Accounts Receivable for aged owner statements and detailed analysis.
    • Flexible division-of-interest management: Configure unlimited DOI decks with multiple effective dates and owners, including direct owner billing when allocations aren’t required.
    • Owner pre-payment management: Track, apply, and automatically reconcile owner pre-payments, reducing manual work and improving accuracy.
    • Detailed owner statements: Generate open-item or balance-forward statements showing all transactions, payments, and current balances.
    • Multi-Level allocation processing: Distribute charges across properties using percentage or basis factor allocations with Billing Allocation Groups.
    • Historical billing records: Maintain a 100% record of all billed items for full transparency and comparative reporting.
    • Affiliate inter-company transactions: Streamline affiliate processing with built-in inter-company functionality.
    • Transaction spreadsheet upload: Simplify data entry with direct transaction uploads.
    • Advanced reporting and communication: Choose from multiple invoice formats, collate statements, and email reports directly through the owner portal.
    • Global ownership transfers: Easily manage ownership changes across properties with global transfer functionality.
    • Security and audit trails: Ensure compliance and data integrity with detailed audit trails and password-protected user access.

    Why Choose Providence Joint Interest Billing

    Designed for oil and gas operations, Providence JIB eliminates the inefficiencies and errors of manual or legacy billing systems. It automates allocation, simplifies reconciliation, and enhances collaboration across departments and partners. By integrating seamlessly with other Providence modules, it provides complete visibility into costs and recoveries, helping you close faster, operate with confidence, and maintain full financial transparency across every transaction.

    Designed for oil and gas operations, Providence JIB eliminates the inefficiencies and errors of manual or legacy billing systems. It automates allocation, simplifies reconciliation, and enhances collaboration across departments and partners. By integrating seamlessly with other Providence modules, it provides complete visibility into costs and recoveries, helping you close faster, operate with confidence, and maintain full financial transparency across every transaction.

    Want to see more? Contact us to request a product demo today.

    Simplify complexity and bring accuracy to every billing cycle with Providence Joint Interest Billing. Request your personalized demo today.

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