Laredo Petroleum Selects W Electricity Software’s Total Upstream ERP to Advance Electronic Transformation and Greatest-in-Course Functions
Primary Permian operator selects W Vitality Software’s accounting and land administration solutions to deliver next generation abilities that match its growth profile.
TULSA, Okla., April 27, 2021 /PRNewswire-PRWeb/ — W Strength Software, the new chief in upstream and midstream oil & gas SaaS ERP methods, announces that Laredo Petroleum has signed application licenses for its upstream accounting and land management suite of products and solutions. Top rated explanations for picking W Power Application include its reputation for customer company excellence, a unified upstream ERP platform designed on the cloud spanning accounting and land workflows, and legitimate SaaS experience that presents Laredo Petroleum with an all-inclusive option and constant updates.
“Laredo Petroleum is fully commited to using expansion and shareholder benefit to the following degree by means of digital transformation, automation, and a data-driven culture and W Vitality Software package is the technologies partner we have been on the lookout for to provide and maintain these adjustments into the future,” explained Brandon Brown, Vice President and CIO at Laredo Petroleum. “In addition to W Vitality Software’s marketplace-broad standing for partnering with their clients to make sure extended-term accomplishment, bringing disparate accounting and land methods collectively in a unified SaaS remedy that is goal-crafted for oil & gasoline organizations was really eye-catching to us,” he said.
Headquartered in Tulsa, Oklahoma, Laredo Petroleum is a publicly traded electrical power corporation with main functions in the Midland Basin wherever it operates around 1,400 wells and holds 140,000 gross acres. As Laredo Petroleum effectively executes its growth technique and developments operational performance even more via digital innovation, the producer regarded the benefit of cloud-based mostly ERP answers, which offer you scalability and superior-overall performance computing to match its progress profile.
Laredo Petroleum chosen W Vitality Software’s entire upstream SaaS ERP, which will supply it with a wide spectrum of integrated small business purposes. Its new cloud-based mostly ERP boasts a complete suite of accounting modules, such as Money Accounting (AP, AR, financial statements), Income Accounting, Joint Fascination Billing (JIB), Set Assets, Paying for, Authorization for Expenditure (AFE), and Resources Inventory. The W Electricity Program alternative also presents Laredo Petroleum with upcoming era Division Purchase, Lease Administration, and GIS capabilities. Further modules licensed by Laredo Petroleum involve W Energy Software’s Internet marketing option and ONNR reporting.
Causes for deciding upon W Electrical power Software above the opposition contain:
-
Scalability of the W Power Program system to meet Laredo Petroleum’s recent requires and match operational complexity at any scale, placing the producer up to realize its advancement goals.
-
W Power Software’s classification-main upstream options, remarkable assistance, and standing for partnering with shoppers to assure good results produced it the very clear alternative about legacy software program providers.
-
Extensive, unified cloud-centered ERP system that shares a typical and steady person knowledge spanning economic, earnings accounting, and land workflows.
-
Present day programs entirely optimized for the cloud decrease full value of possession whilst enabling energy companies to scale with a lean crew.
“We are honored to have been picked by Laredo Petroleum to empower their crew with subsequent generation accounting and land alternatives,” explained Pete Waldroop, CEO of W Electrical power Software package. Waldroop included, “W Electrical power Application has become the go to ERP for electronic innovators like Laredo Petroleum who request the positive aspects of our finest-in-class cloud primarily based remedies as well as the quite a few benefits of a unified system that provides a steady user working experience and typical dataset across upstream workflows.”
About W Electrical power Program
Headquartered in Tulsa, Oklahoma, W Power Software provides the oil & gasoline industry’s only unified ERP remedy crafted for the cloud that is relied on by additional than 100 upstream and midstream firms to accelerate company functionality, boost operational performance, and travel expenditures down. W Vitality Application brings together precision-crafted software program in a single extendable cloud-based mostly workspace with an personal being familiar with of the oil & gas enterprise to deliver remedies that provide adaptability, affordability, and constant upgrades. In contrast to other ERP computer software that loosely ties alongside one another a mix of legacy options and fragmented systems, W Electricity Application developed a unified upstream and midstream ERP system to seamlessly observe oil, gasoline, and NGL from the wellhead as a result of transportation and internet marketing, removing knowledge silos as very well as the load and costs of maintaining a number of systems. With W Energy Program, oil & fuel organizations continue to be lean and agile with the tools they have to have to adapt to marketplace variations and meet up with evolving client wants head on, all whilst gaining the self esteem that their small business is running on the latest engineering. For a lot more information, be sure to stop by https://WEnergySoftware.com.
Media Make contact with
Ben Parker, W Energy Software, 281 636-9055, [email protected]
Supply W Energy Software program