Customer Stories
Fragmented Workflows and Manual Processes
FIBT’s mineral management operations used to be heavily manual and fragmented. Each mineral owner had a separate login and revenue statements had to be manually imputed, making it difficult to access and compare data across clients. Generating working interest reports was another major pain point for FIBT. Depending on the complexity of a client’s holdings, compiling a year’s worth of revenue and JIB statements could take up to five business days per client.
Efficiency at Scale
With EnergyScan, FIBT could digitize and import physical revenue statements directly into EnergyLink®. This eliminated manual entry and centralized data, and enabled a more holistic view of client income and deductions. The team was also able to dramatically reduce the time spent compiling working interest reports.
Scalable Operations With a Lean Team
FIBT has built a scalable mineral management operation that eliminates the need to expand headcount. Their expert team efficiently manages large portfolios while maintaining the high standards they’re known for. The impact of Enverus EnergyLink has been transformative. FIBT now saves up to a week per client on working interest reporting and 10–15 hours monthly on manual revenue imports.
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