Energy Corridor

Energy Corridor Oil and Gas Accounting Software is a solution designed to streamline financial and production accounting processes for companies in the oil and gas industry. According to the vendor, this software caters to businesses of various sizes, from small independent operators to large multinational corporations. It is targeted towards professionals in roles such as oil and gas accountants, financial analysts, production accountants, land managers, and energy and natural resources companies.

Key Features

Financial and Production Accounting Software: According to the vendor, Energy Corridor combines financial and production accounting into a single system, aiming to eliminate redundancy and duplication of effort. This is intended to streamline workflows and potentially save time and money for oil and gas companies.

Common Database: Energy Corridor utilizes one database for its production, financial, and land modules, as per the vendor's claims. This approach eliminates the need for data coordination and exporting/importing between modules, allowing for one-time master data setup that can be used across all modules.

Cloud-based SaaS or Traditional Server-Based Deployment: The vendor states that Energy Corridor offers the flexibility of deployment on Microsoft's Azure cloud or on in-house servers. They claim that the cloud-based deployment on Microsoft Azure can potentially eliminate release management headaches and reduce costs.

Fast, Easy Data Entry: Energy Corridor is said to provide a standard Windows interface with familiar shortcuts, making data entry fast and easy, according to the vendor. Additionally, the software allows data upload via Microsoft Excel, potentially ensuring efficient and accurate data entry processes.

Instant Technical Support: According to the vendor, Energy Corridor offers on-call tech support from industry experts via email or phone, aiming to provide immediate assistance whenever needed.

Decrease G&A Costs: The vendor claims that Energy Corridor helps companies control costs by potentially lowering monthly software expenses, thereby improving their bottom line and achieving greater fiscal restraint.

Financial Accounting Module: Energy Corridor's financial accounting module, according to the vendor, includes features such as joint interest billing, cash calls handling, real-time reporting, intercompany accounting, multicurrency accounting, and one-click consolidations.

Production Accounting Module: The vendor states that Energy Corridor's production accounting module includes features such as master setup, simplified workflow, streamlined monthly input, calculations, Petrinex reporting, and automatic financial voucher creation.