Streamlined Revenue Management for Oil & Gas

    Providence Revenue Distribution simplifies the management and allocation of oil and gas revenues. Built on Providence’s Single Instance Architecture (SIA), it delivers accuracy, compliance, and real-time insight across every ownership and payment structure.

    Key Features

    Multi-level allocation
    Advanced tax management
    Audit trails and security:

    Fully integrated with the Revenue Entry and Validation, it automates allocation and ensures transparent reporting for every stage of the revenue process.

    • Comprehensive revenue allocation: Accurately allocate received revenues and deductions across multiple properties, owners, and payment structures.
    • Effective date ownership decks: Manage unlimited ownership decks with effective date tracking to ensure proper allocation based on real-time ownership data.
    • Global ownership and suspense transfers: Easily process ownership changes, sales, or suspense transfers to maintain up-to-date records.
    • Owner payment flexibility: Support for checks, EFT, or wire transfers, including suspense payment handling for faster processing.
    • Multi-level allocation: Handle complex redistribution scenarios, including processing for affiliate companies and parent/child income reallocation.
    • Advanced tax management: Automate production and windfall tax handling with exemptions and rate tracking by state.
    • Comprehensive batch entry: Enter and verify large revenue batches efficiently for faster reconciliation.
    • CDEX integration: Automatically import purchaser data through Providence CDEX for streamlined entry and validation.
    • General ledger integration: Automatically generate journal entries for distributed revenue and deductions.
    • Escheat handling: Maintain compliance by managing unclaimed property and payments directly in the system.
    • Audit trails and security: Protect your financial integrity with password protection and complete audit tracking.
    • Transaction Spreadsheet Upload: Easily import revenue data via Excel spreadsheet templates to speed up the revenue entry process.

    Why Choose Providence Revenue Distribution

    Providence Revenue Distribution brings transparency, accuracy, and efficiency to one of the most intricate financial processes in oil and gas operations. Automating distribution, integrating with every core accounting module, and supporting advanced ownership and tax management, it helps your organization eliminate manual errors, accelerate reporting, and stay compliant. With Providence, every dollar is accounted for, clearly, securely, and in real time.

    Providence Revenue Distribution brings transparency, accuracy, and efficiency to one of the most intricate financial processes in oil and gas operations. Automating distribution, integrating with every core accounting module, and supporting advanced ownership and tax management, it helps your organization eliminate manual errors, accelerate reporting, and stay compliant. With Providence, every dollar is accounted for, clearly, securely, and in real time.

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

    Discover how Providence simplifies complex revenue allocation and enhances visibility across your entire operation. Request your personalized demo today.

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