W Electrical power Software to Assist Riverbend Strength Group’s Multifaceted Power Organization

Houston primarily based power enterprise selects W Electricity Software to supply upcoming technology accounting abilities that match its progress profile.

TULSA, Okla., Aug. 10, 2021 /PRNewswire-PRWeb/ — W Electrical power Computer software, the new leader in upstream and midstream oil & gasoline SaaS ERP remedies, announces that Riverbend Strength Group (Riverbend Vitality Team | An Electricity Expenditure Organization) has signed computer software licenses for its upstream accounting alternative. With substantial expansion above the past 10 years since its formation in 2003, Riverbend Energy Team had outgrown its legacy oil & fuel accounting procedure and set out to uncover a present day SaaS option able of controlling the scale and complexity of its quickly increasing portfolio. Prime good reasons for deciding upon W Vitality Software package contain speedy and reliable settlement procedures, its name for partnering with customers to assure business enterprise effects, and a correct SaaS encounter that offers Riverbend Vitality Group with best-in-course technology and continuous updates.

“W Vitality Application won hands down in our investigation because it has a a great deal much more modern day architecture and fits in effectively with Riverbend’s information driven tradition,” mentioned Matthew Cochrane, Vice President and Main Compliance Officer at Riverbend Power Group. “The most significant price we see in W Power Software program is a dedication to innovation that regularly provides new abilities to its core ERP, an much easier and additional intuitive user interface, and the self confidence that we are normally increasing and running our operations on the most up-to-date technological know-how that can scale as we expand,” he commented.

Headquartered in Houston, Riverbend Strength Group is a confirmed leader in obtaining, producing, and monetizing electrical power property, together with operated property, non-operated performing passions, and minerals and royalties. Since 2003, it has productively managed a lot more than $3 billion of overall enterprise price across 9 asset portfolios. It presently manages four portfolios spanning the Williston, Permian, Eagle Ford, Delaware, Fayetteville, and Haynesville basins.

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As Riverbend Energy Group carries on to knowledge accelerated advancement, limitations of its on-premise, legacy accounting alternative led to an ERP choice system to determine a present day solution that complemented Riverbend’s values. Centered on modernizing small business procedures with chopping edge technologies and functioning with a lean, substantial-accomplishing crew, Riverbend Vitality Group wanted to improve accounting workflows with a new era of cloud-based mostly software package.

Explanations for deciding on W Electricity Software package above the level of competition consist of:

• Flexibility to consolidate various corporations in a single see and match operational complexity at any scale, setting Riverbend Strength Group up to reach its development objectives.

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

• Advanced abilities to setup regular monthly disbursement and changeover additional homeowners to electronic payments, additionally up coming era Division Purchase management enables owner relations to fast visualize ownership splits more than time and effortlessly control improvements.

• W Vitality Software’s top-quality customer company, client references, and name for partnering with clients to make sure good results made it the distinct alternative more than legacy software package providers.

• Most effective-in-course technological innovation with contemporary purposes entirely optimized for the cloud enabling Riverbend to scale most proficiently.

“A big thank you to the Riverbend staff for entrusting W Energy’s Software program and our ideal-in-class upstream accounting remedy with the administration of their promptly expanding investment decision portfolio,” mentioned Pete Waldroop, CEO of W Electricity Computer software. Waldroop commented, “We have develop into the go to ERP for electronic innovators who search for the rewards of our cloud based methods to increase enterprise agility and regulate property at any scale with a lean staff.” “W Electrical power Software’s SaaS ERP is steadily drawing the consideration of far more strength firms as the marketplace significantly breaks free from more mature, legacy computer software and seeks modern day technological know-how, faster processing, trustworthiness, and a dependable user encounter across upstream workflows,” he explained.

About W Electrical power Application
Headquartered in Tulsa, Oklahoma, W Energy Application offers the oil & fuel industry’s only unified ERP solution created for the cloud that is relied on by extra than 130 upstream and midstream organizations to accelerate business enterprise performance, strengthen operational performance, and drive expenses down. W Vitality Software brings together precision-constructed software in a person extendable cloud-based workspace with an intimate knowing of the oil & gasoline enterprise to produce methods that provide overall flexibility, affordability, and steady upgrades. Not like other ERP program that loosely ties together a combine of legacy options and fragmented systems, W Strength Software program developed a unified upstream and midstream ERP system to seamlessly observe oil, gas, and NGL from the wellhead as a result of transportation and advertising and marketing, reducing data silos as effectively as the burden and fees of preserving multiple methods. With W Power Software program, oil & gas organizations remain lean and agile with the resources they have to have to adapt to current market variations and meet evolving purchaser requires head on, all when attaining the self-confidence that their small business is jogging on the newest technological know-how. For more information, be sure to visit https://WEnergySoftware.com.

About Riverbend Electrical power Team
Launched in 2003 by Randy Newcomer, Jr. as “Riverbend Oil & Gasoline,” Riverbend Power Team has successfully acquired, formulated, and managed 9 (9) asset portfolios symbolizing around $3 billion of overall business benefit. Riverbend has effectively monetized 5 (5) portfolios building important returns for our traders across multiple expenditure approaches and via a lot of selling price cycles. Riverbend Electrical power Team portfolios have incorporated, and keep on to include things like, operated, non-operated, and mineral and royalty belongings in oil and gasoline, as effectively as investments in the power transition sector as a result of the ongoing changeover to a reduced-carbon strength procedure. As an skilled participant in the vitality business, Riverbend Electricity Group brings together unwavering concepts, winning procedures, and a gifted team to produce prosperous outcomes. For far more information and facts on Riverbend Vitality Team, be sure to take a look at Riverbend Electricity Group | An Electricity Financial investment Business.

Media Speak to

Ben Parker, W Electricity Application, 281 636-9055, [email protected]

Resource W Electrical power Program