I.R.I.S.
Integrated Resource Information System
     
  The Integrated Resource Information System (IRIS) is a comprehensive software system designed to meet the specific needs of the Canadian oil and gas industry. At Iris Petroleum Software, our business is to save you time and money by helping you effectively manage your financial accounting, production accounting, joint venture accounting, royalty statements, and land leases. We have a committed staff of experts with over thirty years experience assisting small and medium sized oil and gas companies with their reporting requirements. The IRIS system currently manages data for over 2,500 wells, with production exceeding 20,000 barrels of oil and 100 million cubic feet of gas per day.

IRIS is a user-friendly system that does not require expensive, specialized hardware. The IRIS program has been designed to run on standard mini, micro, and PC systems. Our experts at Iris have the experience to help you make the right decisions with regards to software, hardware, licensing and more, and are committed to providing excellent service and training to our clients.

If you have any questions, or to set an appointment for a demonstration of the system, please contact Carey Metcalf at Iris Petroleum Software.

  
     
System Overview
  Financial / Revenue Accounting
o General Ledger o Cash Calls
o Accounts Payable o Payouts
o Accounts Receivable o Authorization For Expenditure
o Joint Venture Billing o Financial and Management Reports
o Royalties o Budgeting

Production Accounting

o Government Reporting for Alberta, Saskatchewan, B.C. and Manitoba
o Sales Splits by Partner for Oil, Gas, Liquids
o Taken-In-Kind Processing
o Integration with Revenue and General Ledger Systems

Land Management System

o Lease Data Management System
o Comprehensive Lease Inquiries & Reporting
o Lease Rental Invoicing
o Contract Management Sub-System
o Integration with Accounts Payable / Receivable, and General Ledger Systems