What kind of customers do you work for?

Operators

Dallas Data has been serving Operators for over 30 years.  We can handle all of your backoffice needs, but are flexible in the services that we provide.  We can perform as many or as few of the typical operator backoffice functions as you need, whether we are only supplying our software as a service, or you use Dallas Data for all of your Accounting (JIB, Revenue Distribution, Financial Reporting, etc.) , Production Reporting, Regulatory Reporting, Severance Tax Reporting, or even Employee Leasing that you need.

Non-Operators and Investment Partnerships

We give your partnership the ability to see the results of your investments on-line.  We can enter your Revenue Checkstub data, handle your Accounts Payable, make partnership distributions, and produce the reports that you need for you or your CPA to produce K1s and other tax reporting as necessary.  If you strictly invest in non-operated interests, we can provide you everything you need to insure that you are paid appropriately and to produce the reports that you need for year-end tax reporting.

Trusts

Dallas Data will insure that your trust is being paid correctly for your interest and provide the reporting that you need to fulfill your tax filing and reporting as well as any distributions that are made.

Why pick Dallas Data Processing?

Partnership

Dallas Data has been serving Operators and Non-Operators for over 30 years.  As an outsourcer, we are more than a software vendor, we are a business partner

Cost Management

We give your business the ability to manage cost as your needs change.  We employ highly experienced oil and gas clerical and bookkeeping professionals to insure that your accounting data processes are executed accurately and timely.  This means we manage vacations, training, holidays, overtime, insurance, taxes, so you don’t have to.
Our business relationships give us access to volume-based pricing on forms, supplies and equipment that we pass along to our customers

Dependability

Data is protected by backup processes and hardware redundancies beyond what most operators can provide/cost justify internally.  Although Dallas Data has not experienced an event forcing us to use our off-site recovery plans, we keep our off-site capabilities current

What is Outsourcing?

A true outsourcing relationship transfers day-to-day management responsibility for the services delivered to the outsource provider.  The provider agrees to deliver a specified service level usually naming items like process turn-around time, system availability  and issue response time.  Embedded in the services are the provider’s best practices, processes, methodology and infrastructure

The buyer gains the provider’s focus on the outsourced responsibilities, drive to achieve economies of scale and develop more experienced staff.  Buyers benefit most when they understand that they are buying results and dependability rather than just software

Full-solution outsourcing offers buyers a partnership where management from the buyer and provider team to insure service delivery and cost management

Shared-solution outsourcing offers buyers the opportunity to team their staff with provider staff to improve their processes and leverage the providers’ infrastructure/scale.

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Will it be safe?

Managing data has been at the core of our business from the beginning.  Each of our solutions has data protection measures to meet customer needs.  Programs and data are copied to backup tapes nightly and carried to off-site storage the following day.  Our Internet access methods  are protected by encrypted transmissions and robust web site security management techniques that insure your information is protected.

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How much does it cost?

Our services are provided on a monthly “fixed plus variable” scale.  At steady-state, customers have a regular, tightly controlled monthly bill.  As a customer’s business evolves, the variable portion reflects support levels for changes in numbers and complexity of wells/interests.   This responsive and flexible pricing frees customers from the strain of stretching staff and the burden of taking on additional staff to meet planned growth.  

However, making a choice between oil and gas accounting providers goes deeper than the fees involved.   Our track record shows that our customers significantly reduce the total cost of ownership and maintenance over the conventional method of buying a software package and hardware, implementing the system and maintaining and using the system.  Whether you utilize our accounting staff or your own internal staff, we can reduce your overhead and increase your financial flexibility.  Our customers avoid any capital expenditure related to purchasing and implementing an expensive software package and associated hardware.  Our customers also realize the monthly expense savings of IT support, reduced or redirected internal staff, and on-going maintenance and support fees charged by expensive software packages, as well as reducing expensive CPA time spent consolidating information for tax reporting and fililng.  Our customers have experienced as much as a 70% decrease in the overall cost of providing competent backoffice services, while reducing the hassle and headaches associated with hiring/firing and maintaining computer systems.

 

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