Joint ventures in oil and gas can be complex, but joint interest billing (JIB) invoicing doesn’t have to be. Send your joint venture invoices from EnergyLink directly into OpenInvoice to take advantage of automated approvals, validation and ERP integration. Continue to manage coding and disputes in EnergyLink.
Reduced time and effort and improved quality of monthly financial close processes significantly lowers total cost of ownership.
Reduce complexity and overhead costs in audit, controls, processes, training and administration. Improve reporting with invoice integration.
Decrease inquiries for JIB payment status from operators with ability to see OpenInvoice payment status in EnergyLink.
Experience a seamless approval workflow for operated AP and joint venture invoice
Streamline invoice correction and amendment workflow, preserving end-to-end audit history.
Eliminate manual uploads of JIB data to your accounting system.
Realize efficiencies with enhanced validations against your master data.
JIBFlow is a software solution that gives customers of both EnergyLink® and OpenInvoice® a unified experience for non-operated invoice approvals. JIBFlow delivers a seamless workflow by feeding joint venture invoices from operators in EnergyLink directly into OpenInvoice. With the JIBFlow upgrade, customers gain advanced approval workflows and automation for JIBs using OpenInvoice’s validation and ERP integration capabilities, while continuing to manage coding and disputes within EnergyLink.
The Enverus network, growing since 2001, connects more than 380 upstream and midstream operators and 35,000 active suppliers.
Each Enverus Source-to-Pay suite feature is created with your needs in mind so that your team can process even more invoices, field tickets and orders— without adding more staff.
Enverus Source-to-Pay workflows are customizable to fit your business processes and integrate with 30+ financial and ERP systems and electronic field ticketing systems.
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Joint Interest Billing, or JIB, is a form of accounting specific to the oil and gas industry. Because the industry can be high risk, high reward, it’s common for different parties to invest in a single drilling project. Shareholders within...
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