ROGARS

ROGARS, offered by Baker Tilly, is an accounting solution specifically designed for the oil and gas industry. It aims to meet the unique needs of independent operators, investors, royalty trusts, and mineral interest owners in this sector. According to the vendor, ROGARS provides essential accounting services such as accounts payable and joint interest billing, financial and operational reporting, revenue entry and distribution, hosting and software solutions, and staffing flexibility. The software component of ROGARS is tailored to the oil and gas industry and offers features that can optimize business operations.

Key Features

Accounts Payable and Joint Interest Billing: ROGARS handles the processing and management of payables and joint interest billing (JIB) statements for oil and gas clients, aiming to ensure accurate and timely payment of invoices and bills related to oil and gas operations.

Financial, Operational, and Production Reporting: ROGARS generates comprehensive reports that provide insights into the financial performance, operational efficiency, and production metrics of oil and gas operations. These reports aim to assist clients in making informed decisions and optimizing their business processes.

Revenue Entry and Distribution: ROGARS facilitates the entry and distribution of revenue for oil and gas clients, aiming to streamline the process of recording and distributing revenue generated from oil and gas operations. The system aims to ensure accurate and timely revenue distribution to stakeholders, such as investors and royalty interest owners.

Hosting and Software: ROGARS provides a secure and reliable hosting environment for storing and accessing accounting data. According to the vendor, the software component of ROGARS is specifically designed for the oil and gas industry, with features tailored to meet the unique needs of clients in this sector.

Staffing Flexibility and Reduced Costs: ROGARS offers staffing flexibility and aims to help reduce costs for oil and gas clients. According to the vendor, by outsourcing accounting tasks to ROGARS, clients can employ partial employees instead of full-time hires, resulting in potential cost savings. This may also reduce overhead expenses related to office space, paid leave, and benefits.

Quick Start-up and the Ability to Get the Project Done: ROGARS aims to enable quick start-up and ensure timely completion of projects for oil and gas clients. According to the vendor, clients can access the accounting software immediately after signing up, allowing them to get started without delay. The system aims to expedite processes such as check writing and joint interest billings (JIBs), aiming to ensure efficient project execution.

Anytime, Anywhere Access: ROGARS aims to provide anytime, anywhere access to accounting data for oil and gas clients. According to the vendor, clients can securely access their accounting software and data from any location and at any time. This flexibility allows for remote work and enhances collaboration among team members.

Library of Best Practices, Process Flows, and Controls: ROGARS offers a library of best practices, process flows, and controls for oil and gas clients. According to the vendor, clients can leverage this resource to implement industry-proven methods and optimize their accounting processes. The system aims to ensure adherence to established controls and help maintain accuracy and compliance in financial operations.