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AI Powered Invoice Automation for Oil and Gas

See how AI is going to reduce your invoice workflow by 80%


This blog post will cover 4 main topics

What is the landscape of O&G Invoice Automation today? 

For too long, the oil and gas industry has had to settle for mediocre invoice automation options. Companies either stuck with the built-in accounts payable features of their existing accounting systems, which are just okay, or they've been forced into using OpenInvoice—a solution that's not only expensive but also layers on fee after fee.

What started Joltly? 

I started Joltly because our family business, Energy Investments, needed a better way to process invoices. Openinvoice was too expensive and the AP workflow that can with our accounting system felt like you needed a PHD is physics to understand it.

We needed something that was AI-powered, straightforward, and fairly priced—none of which were available in the market. So, we built it ourselves.

Why Consider Joltly? 

My co-founder and I are proud to introduce what we believe is the best AI-powered invoice workflow solution for the oil and gas industry. Here’s why Joltly is a game changer:

What does the workflow of an AI powered invoice automation software look like?

Here is a breakdown of what an AI powered invoice workflow looks like.

Step 1: Invoices will get forwarded into your companies dedicated invoice workflow

Step 2: Automatic coding and reading of the invoices, powered by AI 

The AI will read the document and automatically fill in the data for the chart of accounts, well, and expense deck

Step 3: Start approval workflow

Once an invoice has been coded out, it is then submitted for approval

Step 4: Sync with accounting system

After the invoice has been approved it will sync with your accounting system. Jolty has native integrations with Quorum ODA and Quickbooks, and will provide a checkmark letting you know the invoice pushed over properly. We support CSV import and export with all other vendors.
Conclusion

AI is cool. And it is even cooler when it helps save you time and money on your business. Click on this link and we will get a demo scheduled so we can talk through how we can help automate your current processes. If you have questions about Invoice automation, or just oil and gas software in general I am happy to chat to point you in the right direction.

Ready to chat with sales?
FAQ's

Frequently Asked Questions

Get quick answers to common queries in our FAQs.

How much does it cost ? Example one.

JEL Resources example: 
In the Roughneck tier, the user processes 25 documents, makes 10 ACH payments, and sends 2 checks. The total cost includes the $250 base fee for the Roughneck tier, $37.25 for document processing, $4.90 in ACH fees, and $3.98 for check-sending fees. Altogether, the total comes to $296.13.

How much does it cost ? Example Two.

Energy Investments example: 
In the Wildcatter tier, the user processes 100 documents, makes 50 ACH payments, and sends 10 checks. The total cost includes the $500 base fee for the Wildcatter tier, $149 for document processing, $24.50 in ACH fees, and $19.90 for check-sending fees. Altogether, the total comes to $693.40.

On which platforms is Joltly compatible?

Joltly aims for broad compatibility, especially targeting integration with major ERPs in the energy sector. We're dedicated to customizing these integrations to fit your exact needs for seamless financial operations.

How does Joltly Streamline our processes?

Joltly streamlines your onboarding with dedicated Slack channels or email chains, offering immediate, tailored support from our team to address any setup queries or issues, ensuring a seamless integration process.

Can Joltly be personalized?

Yes, Joltly can be personalized to fit your business's unique needs, offering customizable workflows, reporting, and dashboard features to match your specific financial processes and requirements.

Let’s TRY!

Chat with Sales

Give Joltly a try and see for yourself if it's a good fit for Saas needs.

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Monthly Contracts
Transparent Pricing
AI Insights
Independent Operator

Ideal for small-scale energy businesses seeking efficient AP automation.

$250.00
Midsize Operator

Designed for energy companies needing advanced AP solutions

$500.00