Following the move to remote work for our almost 100 employees in the Spring of 2020, two themes became clear for the Partners of PetroLedger Financial Services.
Upon purchasing and later merging Eddye Dreyer Financial Services and The Resource Group, employees continually expressed how important their relationships with clients were to their overall happiness. Clients were sharing pictures of births, graduations, promotions and life events. Our employees understand that building a relationship with a client is as important as correctly processing a transaction.
Our employees worked tirelessly during the early stages of the pandemic, making sure our new workspaces of dining room tables and home offices limited any impact on client operations. This dedication was instilled by the original company founders and remains 30+ years later. As we move forward in this disrupted environment, I know our employees do whatever it takes to make the waters feel calmer for our clients.
In supporting several oil and gas accounting software platforms across multiple offices (now mostly home addresses), the pandemic quickly prompted an internal IT review. When is an on-premise license and support agreement important, versus a SaaS cloud-based infrastructure? What support would our clients need for remote access? How will we manage the transition from digital applications to the manual phases such as revenue checks and vendor payments? Questions we typically approached on an annual basis were now front and center.
PetroLedger is capable of 100% remote work because of our investment in our infrastructure. We maintain close relationships with our IT providers, and rely on their experience to assess our productivity, security and potential investment. Our software providers also pour millions of dollars into oil and gas accounting products to improve scale, costs and reporting capabilities. We are committed to working closely with all our IT partners to create a better client experience.
We believe the best way to plan for the future is to create it. Our employees’ strong client relationships, on the backbone of reliable technology, is a recipe for future growth in our current economy. Let us know how we can put our efforts in oil and gas transactions services to work for you.
More resources on our back-office support services:
BBA degree with accounting focus from Northeastern State University. More than 25 years of oil and gas accounting experience and management. Significant work with private equity backed companies preparing and coordinating both transactional and reporting functions of accounting and finance.
The journey from old to new oil and gas software can be an arduous one. On top of the complications that can arise during the data conversion process, many companies come to realize post-conversion that their new software may not be as good of a fit as they believed. But data conversions are costly, time-consuming projects; you really want to get these right the first time. With over 25 years of experience migrating client data, we’ll be there to help you make the decision that’s best for your business, whether your data comes from industry-standard applications, QuickBooks, legacy software, or any other unsupported systems. Our scoping process is thorough, and we’ll recommend the application we think is the best for you after some conversation about your needs. But before you decide to pull the trigger on a data conversion, here are three important questions your company should consider.
Nothing is scarier during Halloween season than knowing your 1099 filing deadlines are creeping closer. We know how much of an enormous headache the 1099 filing process is— that’s why it’s one of our most-requested services we offer to our clients. But there’s no need to stress this year: here is how outsourcing your 1099 processing can help you relax this season.
An inaccurate division order can spell a lot of trouble for all parties involved. Mispayments are not always detected expeditiously, and they can often create practical and legal challenges if they are not resolved quickly. However, the unfortunate reality for operators is that, without thorough oversight, inaccuracies are inevitable, especially when you factor in varying division order laws from state to state. These mispayments are usually caused by simple human error: miscalculations, typos, system errors, ownership analysis errors, and so on.
Our vision at PetroLedger is to be the partner of choice within the oil and gas industry for outsourced accounting and transaction services by employing the best-in-class people and processes across multiple technology platforms. Our most experienced and versatile staff resides in our Professional Services department. If you ask any of our staff, they will say it’s very rewarding to see the before and after version of their books. The PetroLedger team is a set of superheroes that transform and correct your data to better serve your organization.