W Energy Software, the emerging leader in upstream and midstream oil & gas ERP solutions, announces that it has completed the deployment of its upstream accounting suite at Rosewood Resources, Inc. Working closely with staff at Rosewood Resources, Inc., W Energy Software’s implementation team successfully went live with its upstream ERP suite, which included migration from an existing legacy ERP solution, configuration, testing, and closing of the producer’s first month of financials.
“We’re up and running, approving invoices and cutting checks to interest owners, so our first month using W Energy Software is going quite well,” said Linda Tucker, Vice President of Administration at Rosewood Resources, Inc. She added, “I’m excited about working with W Energy Software who has brought us new capabilities compared to our old system and it’s great to be part of something that is still growing and continuously improving.”
Dallas-based Rosewood Resources, Inc. selected W Energy Software’s cloud-based ERP solution to replace its legacy software. By switching to W Energy Software, the producer is now running its core accounting functions on the industry’s only unified ERP platform built on the cloud, providing superior functionality, user experience, and cost efficiency.
The go live process at Rosewood Resources, Inc. included:
- On time and on budget delivery of all software components, configurations, and testing on W Energy Software’s cloud-based ERP platform, which provides Rosewood Resources, Inc. with cost-effective software-as-a-service (SaaS) subscription pricing.
- Implementation of the following W Energy Software upstream ERP modules: Revenue Accounting, Division Order, AFE, JIB, and Financial Accounting.
- Dedicated W Energy Software implementation experts who ensured successful migration of accounting data from its legacy ERP solution and closing of the company’s first month, including revenue disbursement to interest owners.
“Congratulations to Rosewood Resources, Inc. for their successful deployment of W Energy Software’s upstream ERP solution and a big thank you for putting such tremendous trust in us,” said Pete Waldroop, CEO of W Energy Software. “Rest assured that the entire W Energy Software team stands ready to support you with our best-in-class software products and customer service, now and into the future,” he stated.
About W Energy Software
Headquartered in Tulsa, Oklahoma, W Energy Software (formerly Waterfield Energy) offers the oil & gas industry’s only unified ERP solution built for the cloud that is relied on by more than 100 upstream and midstream companies to accelerate business performance, improve operational efficiency, and drive costs down. W Energy Software combines precision-built software in one extendable cloud-based workspace with an intimate understanding of the oil & gas business to deliver solutions that offer flexibility, affordability, and continuous upgrades. Unlike other ERP software that loosely ties together a mix of legacy solutions and fragmented technologies, W Energy Software designed a unified upstream and midstream ERP platform to seamlessly track oil, gas, and NGL from the wellhead through transportation and marketing, eliminating data silos as well as the burden and costs of maintaining multiple systems. With W Energy Software, oil & gas companies stay lean and agile with the tools they need to adapt to market changes and meet evolving customer needs head on, all while gaining the confidence that their business is running on the latest technology.