This module takes revenue suspense, payroll check and accounts payable checks into consideration, prints due diligence letters, and creates electronic filings for all 50 U.S. states and territories
The WolfePak escheat/unclaimed property module streamlines the task of tracking and distributing unclaimed property to your oil & gas owners, employees and vendors. This module takes revenue suspense, payroll check and accounts payable checks into consideration, prints due diligence letters, and creates electronic filings for all 50 U.S. states and territories (in compliance with all states’ individual rules and requirements, cut-off dates and abandonment periods).
If you’re using spreadsheets or paying a third-party service, the WolfePak escheat module will accelerate your process, use data already entered into your system, and walk you through the process step by step. We eliminate costly errors (and the time to correct them) — all you have to do is complete all bank reconciliations to start the unclaimed process:
The WolfePak software package for operators comes with core functionality to support rapid growth for upstream oil and gas companies. You can customize the operator package for your needs, with user-based pricing that lets you manage a startup with the same control and functionality larger operations use to manage thousands of wells.
Let WolfePak simplify the complexity of oil and gas accounting & operations by streamlining your process for JIB (joint interest billing), AFE (authorization for expenditures) and oil and gas revenue distribution.
Start with the functionality you need, then add modules as revenues grow and your accounting and reporting requirements become more complex.
WolfePak’s Unclaimed Property Process takes into consideration Revenue Suspense, Payroll Check and Accounts Payable checks.
Your WolfePak conversion sets up post-conversion implementation and training, to ensure that your new system scales and supports your growth.
To see how WolfePak can help your growing business run leaner and faster, call us at (325) 677-1543 or contact us.