Privately-Held Oil and Gas Exploration and Production Company

Before Emergent

  • Year-end tax filings were due and there was a significant amount of accounting work that still needed to be completed
  • Company had accounting outsourced to a third party that was creating issues with the integrity of accounting methodologies and data transfer
  • Administrative and accounting staff were in need of training and mentoring

After Emergent

  • Accounting work and financial statements for year-end tax filings were completed in less than two weeks
  • The transition to in-house accounting was completed with a successful transition of data and accounting and reporting duties
  • Administrative staff were trained to handle most ongoing accounting and reporting functions
  • New reconciliation models and processes were built to make existing staff more efficient
  • Accounting and reporting staff are more effective in performing ongoing duties, producing accurate reports, and meeting deadlines

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