Average Ratings

1 Review
  • 4 / 5
    Overall
  • 4 / 5
    Ease of Use
  • 3 / 5
    Customer Service

Product Details

  • Starting Price
    $35,000.00/one-time/user
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Webinars
    In Person
  • Support
    Online
    Business Hours
    24/7 (Live Rep)

Vendor Details

  • P2 Energy Solutions
  • www.wellpointsystems.com
  • Founded 1999
  • United States

About BOLO

P2's BOLO software helps energy companies with financial management, land/lease management, production tracking, asset tracking, and Sarbanes-Oxley compliance. Designed for the Oil and Gas industry, BOLO is the back office solution that automates complex business process requirements. BOLO delivers increased efficiency by allowing departments to share, access, and manage data throughout the organization.


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BOLO Features

  • Compliance Management
  • Equipment Management
  • Inventory Management
  • Job Costing
  • Logistics Management
  • Maintenance Management
  • Material Management
  • Project Management
  • Resource Management
  • Scheduling
  • Work Order Management

BOLO Reviews

Intuitive Software / highly efficient

Jan 26, 2016
4/5
Overall
4 / 5
Ease of Use
3 / 5
Customer Support

Comments: BOLO uses a 3D database instead of a normal 2D database like Oracle or SAP uses. This enables JIB and revenue processing to be handled much faster and with less IT assets (RAM) than SAP. This database is used by Target and other companies that deal with many transactions at once.

It is an integrated product that handles production, division orders, lease management, asset tracking, revenue and JIB monthly processing, SOX compliance and financial reporting all in one package.

It is substantially cheaper and faster than Oracle or SAP because of the underlying database structure which is a multi value database.

The only "bad" thing about this software is that it takes a while for your IT department to understand the new database syntax. In my opinion, there is not a better solution out there for companies with 10-40,000 wells.