W Energy Software program to Aid Riverbend Electrical power Group’s Multifaceted Power Organization

Houston based electricity business selects W Strength Computer software to supply upcoming technology accounting capabilities that match its expansion profile.

TULSA, Okla., Aug. 10, 2021 /PRNewswire-PRWeb/ — W Power Software, the new leader in upstream and midstream oil & gas SaaS ERP remedies, announces that Riverbend Electricity Group (Riverbend Electrical power Group | An Energy Financial commitment Business) has signed software package licenses for its upstream accounting answer. With important development around the past 10 years since its formation in 2003, Riverbend Electricity Group experienced outgrown its legacy oil & gas accounting method and established out to discover a present day SaaS answer capable of running the scale and complexity of its promptly expanding portfolio. Top rated motives for picking W Power Application include things like rapidly and reliable settlement procedures, its reputation for partnering with clientele to assure enterprise benefits, and a real SaaS knowledge that provides Riverbend Electrical power Team with finest-in-course engineering and ongoing upgrades.

“W Electricity Software package gained arms down in our evaluation because it has a a lot additional present day architecture and suits in properly with Riverbend’s details pushed culture,” stated Matthew Cochrane, Vice President and Chief Compliance Officer at Riverbend Energy Team. “The most important value we see in W Electrical power Software program is a motivation to innovation that regularly provides new abilities to its core ERP, an a lot easier and far more intuitive user interface, and the self-confidence that we are usually bettering and functioning our functions on the most recent technological innovation that can scale as we develop,” he commented.

Headquartered in Houston, Riverbend Energy Group is a proven leader in buying, building, and monetizing vitality assets, like operated assets, non-operated functioning pursuits, and minerals and royalties. Considering that 2003, it has efficiently managed far more than $3 billion of overall business price across nine asset portfolios. It at the moment manages four portfolios spanning the Williston, Permian, Eagle Ford, Delaware, Fayetteville, and Haynesville basins.

As Riverbend Vitality Group proceeds to expertise accelerated progress, restrictions of its on-premise, legacy accounting option led to an ERP assortment process to recognize a fashionable answer that complemented Riverbend’s values. Targeted on modernizing small business processes with slicing edge technology and running with a lean, large-accomplishing team, Riverbend Power Team desired to increase accounting workflows with a new era of cloud-centered program.

Motives for picking W Electricity Computer software over the opposition include:

  • Flexibility to consolidate several organizations in a single see and match operational complexity at any scale, location Riverbend Power Group up to achieve its advancement targets.

  • Customizable SaaS ERP that shares a widespread and constant consumer knowledge spanning accounting workflows, including Financials, Accounts Receivable, Accounts Payable, Profits Accounting, and Joint Interest Billing.

  • Superior abilities to set up month to month disbursement and changeover far more proprietors to digital payments, plus following era Division Purchase administration permits operator relations to promptly visualize ownership splits around time and effortlessly control adjustments.

  • W Power Software’s exceptional client assistance, consumer references, and popularity for partnering with consumers to be certain accomplishment built it the very clear decision in excess of legacy computer software vendors.

  • Greatest-in-course engineering with fashionable purposes entirely optimized for the cloud enabling Riverbend to scale most effectively.

“A massive thank you to the Riverbend workforce for entrusting W Energy’s Software package and our most effective-in-class upstream accounting answer with the management of their fast expanding investment portfolio,” said Pete Waldroop, CEO of W Vitality Program. Waldroop commented, “We have come to be the go to ERP for electronic innovators who find the added benefits of our cloud based mostly remedies to enhance organization agility and deal with property at any scale with a lean team.” “W Electricity Software’s SaaS ERP is steadily drawing the interest of extra energy businesses as the marketplace progressively breaks no cost from older, legacy computer software and seeks modern day technology, speedier processing, reliability, and a reliable consumer working experience across upstream workflows,” he stated.

About W Vitality Software program
Headquartered in Tulsa, Oklahoma, W Electrical power Software package offers the oil & gas industry’s only unified ERP solution constructed for the cloud that is relied on by extra than 130 upstream and midstream businesses to speed up business efficiency, boost operational effectiveness, and drive charges down. W Electricity Software package brings together precision-crafted software in 1 extendable cloud-primarily based workspace with an personal knowing of the oil & gasoline small business to produce solutions that provide adaptability, affordability, and ongoing upgrades. In contrast to other ERP application that loosely ties with each other a combine of legacy remedies and fragmented technologies, W Vitality Software package made a unified upstream and midstream ERP platform to seamlessly observe oil, gas, and NGL from the wellhead through transportation and marketing, eliminating info silos as very well as the load and prices of retaining various units. With W Vitality Software package, oil & fuel organizations remain lean and agile with the equipment they have to have to adapt to marketplace variations and satisfy evolving client needs head on, all though getting the self confidence that their business is managing on the most recent technological know-how. For far more facts, you should stop by https://WEnergySoftware.com.

About Riverbend Vitality Team
Started in 2003 by Randy Newcomer, Jr. as “Riverbend Oil & Gas,” Riverbend Electricity Group has properly obtained, made, and managed 9 (9) asset portfolios representing in excess of $3 billion of complete company price. Riverbend has correctly monetized 5 (5) portfolios making important returns for our investors across multiple investment procedures and by means of many price tag cycles. Riverbend Electricity Team portfolios have bundled, and go on to include, operated, non-operated, and mineral and royalty property in oil and gas, as perfectly as investments in the power transition sector as a outcome of the ongoing changeover to a lower-carbon strength process. As an professional participant in the electrical power business, Riverbend Vitality Team brings together unwavering principles, successful procedures, and a talented crew to deliver productive outcomes. For far more details on Riverbend Energy Team, be sure to visit Riverbend Electrical power Team | An Power Investment Business.

Media Speak to

Ben Parker, W Electrical power Program, 281 636-9055, ben@stratosagency.com

Source W Electricity Computer software