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Great Plains Petroleum Case Study

Rod Phares, president

Summary:

Needed a way to save time on doing distributions instead of completing them in Excel spreadsheets

Product:

Disbursement and JIB Manager Integrated Edition (DMIE)

Problem:

Great Plains Petroleum had been tracking its distributions for its small oil and gas exploration company by hand through linked spreadsheets. The company wanted to save time on data entering for getting its Joint Interest Billings statements out each month and also have the information also work with its QuickBooks company.

Solution:

With the Disbursement and JIB Manger Integrated Edition, Great Plains could enter its wells, owners and interests one time and have the software automatically caluclate the distributions. The software directly integrates with the company’s QuickBooks company, saving data entry time.

Result:

Since purchasing the software, Rod Phares, president at Great Plains Petroleum, now has time to do what’s important to him as a geologist.

“The program has saved me a lot of time,” Phares said. “I really like the software. I had a learning curve on getting started, but technical support has answered everything question I could come up with. It’s a good working important, which is important because if people on this end can’t work with it, then it’s of no use to me. I’m a geologist so I’d rather be spending my time in the field than working with accounting. It’s a product that I can use easily and others will be able too as well.”