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The Power to Process Joint Interest Bills
Quickly and Easily
Oildex's JIB Connect allows owners to quickly and easily receive, code, verify, and electronically upload their joint interest bills (JIBs) into an existing accounting software system. Owners create "smart-maps" that cross-reference their internal property numbers, account codes, and AFE numbers to those of their operator. Once maps are created, future JIBs can be pre-coded, automating the process and eliminating routine data entry. By streamlining workflow, JIB Connect saves owners time and money.
JIB Connect is built on Oildex's exclusive JIBXML platform. This platform serves as the foundation for the JIB service suite. JIBXML enables operators to provide their working interest owners with rich data in a format that is easy-to-exchange and upload.
JIB Connect can also interface to Oildex's new JIB Complete™ service, which provides companies the ability to convert paper joint interest bills into a digital, uploadable format, so they can process all of their JIB expense detail through a single electronic system.
With JIB CONNECT Owners:
Reduce coding time by 70%
Ensure coding consistency from month to month
Eliminate manual data entry
Simplify the inter-departmental approval process
Capture 100% of critical JIB data
Interface to scanning solutions
The Oildex JIB Connect community is one of the largest in the United States.
The
JIB CONNECT
Advantage
|
| One-time mapping can pre-code incoming JIBs |
| Items can be short paid & your operator will be notified |
| Costs can be allocated or rolled-up |
| Interfaces with paper scanning systems to process all JIBs through a single system |
| Data can be sent and received using several formats |
| Can be uploaded into leading oil & gas ERP systems |
Click here for more information on how you can improve the JIB process with JIB Connect, or email us at info@oildex.com
