Find answers to frequently asked questions below.
Here are some issues that we encounter frequently:
Outsourcing provides partial resource expertise on demand without having to hire, train or manage a team that may not have a clear career path within your organization. There are enormous hidden costs associated with retaining your own staff including overhead, benefits and the time and energy to manage, direct and maintain them. We provide a seasoned professional to interact with and manage the details for you.
Outsourcing is often considered when there is a force driving change, such as a loss of staff or leadership, a new acquisition or divestiture or a system change. But, in any situation where you are not getting timely, actionable information to run your business, our team can assist.
Remember, you don’t need to outsource everything. We work with clients and their existing staff and processes to determine the most productive and least costly solution – whether it is fully or partially outsourced. And, we strive to make a difference in the day-to-day management of our client’s organizations by equipping them with a solid set of financials and operational data using our agreed upon outsourcing mix.
Our team can be up and running within days, processing accounts payable invoices and running joint interest billing, among other services. Our ability to hit the ground running with pre-built best practice system configurations and business processes enables our clients to make informed decisions about their policies and processes to best meet their requirements. Spend a few hours with us, and we will craft a high-level plan and a clear or fixed monthly price model, so you can make an informed decision and compare costs clearly and quickly.
We can assess your existing accounting system and processes to help determine if you would be a good and candidate for us. Our team would ensure that there are potential improvements to be gained. If you’re questioning whether to work with us or not, here are some of the benefits our clients have realized:
1) What does it cost?
We work with each client to determine a price model that is simple and aligned with their needs. We strive to adopt a fixed monthly fee, so the costs are easy to manage, and there is no long term commitment.
2) How do we work together?
We use a shared, web-based oil and gas accounting application with a shared file service. Our clients work in the same system and run reports or review the data out of the same database. We work together to customize our processes to define the hand offs and controls for treasury, AP workflow, revenue distribution and joint interest billing, etc.