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BOLO by WellPoint Systems, Inc. helps companies manage their business better by automating the complex business process requirements of the oil and gas industry in the United States while offering adaptable solutions to meet a range of industry needs including accounting, land, production and asset and tax management. The comprehensive accounting module automates the time-consuming processes of revenue and expense distribution as well as treasury, general ledger and financial management. BOLO Land tracks leases, contracts, wells and divisions of interest information, and ensures that users understand their holdings and helps avoid losing leases due to missed payments. BOLO Production offers critical production volume information for proactive decision-making. BOLO?s seamless approach to production tracking enables you to record volumes
once and have it flow through the system, meeting the needs of production, revenue accounting and compliance reporting concurrently. BOLO Asset Tracking manages fixed assets, oil & gas properties and furniture and fixtures and tracks materials inventory, allocates and classifies leasehold costs, calculates and books GAAP and Tax DD&A.;