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Joint Interest Billing Review demo

JV accountants read each line of an operator’s monthly bill by that agreement’s terms, so a repeat error shows as a stripe with its page and sum. 1:19

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What the demo shows

Checks each monthly JIB against the JOA and AFE before it is paid or issued, for JV accountants.

Agents load every statement, tie it, test the decimal against every filed paper, test overhead, direct charges, affiliate limits and AFE lines by that agreement, and paint the grid. The accountant confirms against the page, the supervisor signs and issues. A confirmed error becomes a standing check. Agents never send, sign, pay or hold a payment.

Transcript

  1. Joint Interest Billing Review checks each monthly bill for joint venture accountants, 148,000 sample lines a month.
  2. Months across, accounts down, a dot is one slip, this band crosses all.
  3. The statement says 0.3125.
  4. A March assignment made it 0.3125.
  5. 125. About $23,425 a month.
  6. 187,400 over 8 bills.
  7. Pay first. Contest later.
  8. No agent holds the payment.
  9. Ngozi, the accountant, confirms against the page.
  10. Merrick, the checker, opens both pages in the sum, then signs.
  11. All of it is logged.
  12. It joins the audit's own item, counted once, so no second note goes out.
  13. Caught once, watched forever.
  14. The new check reads all 38 and finds one more.
  15. In this sample, every line read $187,400 raised with the page.
  16. Built on Botminds: agents, data, screens, and governance on one platform.

Transcribed from the film’s narration. Captions are on the player.