List of the best Oil and Gas Accounting Softwares
Our team evaluated a wide range of accounting software tailored for the oil and gas industry, focusing on key features such as scalability, ease of use, integration capabilities, and pricing.
We considered feedback from industry professionals. Our goal was to highlight the strengths, limitations, and best use cases for each platform, helping companies of all sizes find the right solution for their financial management needs.
If we missed one, let us know. We are always updating our list.
Quorum’s ODA platform caters to businesses of all sizes, from small companies to large enterprises. Its scalable cloud-based architecture and API capabilities make it versatile for companies looking for strong data analytics, integration, and financial management tools. Quorum ODA is what our internal team uses. We love working with the Quorum team and they have given us awesome support whenever we needed. We have build a native integration with Joltly, which will save you countless hours.
Pricing: $$
W Energy provides agile solutions suited for companies of varying sizes, offering tools for revenue accounting, land management, and compliance, with powerful API integrations. They also have a great team that is willing to help you out as needed.
Pricing: $$
Bolo, now part of IFS, is designed for mid-sized to enterprise-level oil and gas companies. It provides advanced financial and asset lifecycle management tools. IFS is heavily used by the biggest players in Oil and Gas.
Pricing: $$$
OGsys by Quorum provides a strong platform for small to mid-sized companies, enabling fast data entry and real-time reporting. The software is older, but still trusted by hundreds of small to midsize oil and gas operators. It also offers a native integration with Joltly, which is a plus.
Pricing: $
Enertia focuses primarily on mid-sized to enterprise companies, offering scalable solutions for upstream oil and gas operations. Most of their customers are processing a high volume of invoices and operate thousands of wells. In all of our interactions with their team we have been really impressed.
Pricing: $$$
Pakenergy delivers robust solutions tailored for the petroleum industry, focusing on compliance, revenue distribution, and joint interest billing. Probably have the largest marketshare in O&G accounting. The team is nice, but as far as we can tell the product doesn't play nice with outside software.
Pricing: $$
Petrofly caters to smaller companies, providing an easy-to-use platform designed for straightforward financial management and compliance. If you are looking for a simple oil and gas platform it could be a great fit. But, we have heard that customer support can be a challenge when working with their team. Also offer API’s to communicate with other software.
Pricing: $
Roughneck Software offers a suite of tools designed for the oil and gas industry, including accounting and project management. Older Software. To be honest we haven't have a ton of experience working with them. The software feels older just based on the website.
Pricing: $
Pivoten’s solution, known for flexibility and integration, is primarily aimed at small to mid-sized companies but runs on older technology. They are based in Boulder CO, which is kinda ironic considering they work in oil and gas. I have had a few conversations with accountants who use it and they have said they like it because it is fairly priced and effective.
Pricing: $
Avatar Systems 400 supports detailed asset management and regulatory reporting for companies with complex needs. Don't have a ton of experience of people who use their systems. I would put it in the legacy software category.
Pricing: $
Lastly,
Here is a link to a google sheets that you are welcome to take a look at for further information.
*all pricing data are estimates. Please get a quote from vendors for more accurate info
Get quick answers to common queries in our FAQs.
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.
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.
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.
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.
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.
Give Joltly a try and see for yourself if it's a good fit for Saas needs.
