Riverbend Energy's Story: Moving to a modern erp

Riverbend Energy Group has successfully managed more than $3 billion of total enterprise value across nine asset portfolios over the last decade with a focus on acquiring, developing, and monetizing operated assets, non-operated working interests, and minerals and royalties. Having experienced significant growth since its formation, Riverbend Energy Group had outgrown its legacy oil & gas accounting system and set out to find a modern SaaS solution capable of managing the scale and complexity of its rapidly growing portfolio.

Listen as Riverbend Energy Group’s Vice President of Accounting, Matthew Cochrane, discusses limitations of the deeply entrenched legacy accounting software relied on by the company for over a decade, such as painfully slow settlement, unreliable reporting, and difficulty getting data in and out.

In this Oil and Gas Journal Webinar you will learn Riverbend Energy Group’s “must haves” in their search to replace its legacy software vendor and accounting solution, including:

  • Providing investors and stakeholders with the right data at the right time with robust and reliable reporting.
  • Reducing settlement processes from half a day to minutes with high performance cloud computing.
  • Flexibility to work from anywhere with cloud-based accounting software that offers superior ease of use and simple upgrades.
  • Onboarding acquisition data and rapidly importing thousands of wells to support continuous deal flow.
  • Seamless integration of accounting with division order and other ERP workflows.
  • Scalability to manage small entities and scale up to manage complex portfolios with 30K+ wells.
  • Finding a trusted technology partner committed to continuous innovation and Riverbend Energy Group’s success.

Presenters: Matthew Cochrane, Vice President and Chief Compliance Officer at Riverbend Energy Group, Harrison Bedford, Director at W Energy Software


Access insights of moving to a modern erp now