Rosewood Resources, Inc. Goes Live with W Energy Software
Rosewood Resources, Inc. has successfully implemented W Energy Software’s cloud-based upstream accounting ERP suite, replacing its legacy system with modules including Revenue Accounting, Division Order, AFE, JIB, and Financial Accounting, enabling improved functionality, cost efficiency, and seamless migration of financial data, as confirmed by both Rosewood’s VP of Administration and W Energy Software’s CEO.
W Energy Software, a leader in upstream and midstream oil & gas ERP solutions, has completed the deployment of its upstream accounting suite at Rosewood Resources, Inc. The implementation included migration from a legacy ERP solution, configuration, testing, and the closing of the producer’s first month of financials.
Linda Tucker, Vice President of Administration at Rosewood Resources, Inc., commented: “We’re up and running, approving invoices and cutting checks to interest owners, so our first month using W Energy Software is going quite well. I’m excited about working with W Energy Software who has brought us new capabilities compared to our old system and it’s great to be part of something that is still growing and continuously improving.”
Rosewood Resources, Inc., based in Dallas, selected W Energy Software’s cloud-based ERP solution to replace its legacy software. The company is now running its core accounting functions on a unified ERP platform built on the cloud, offering improved functionality, user experience, and cost efficiency.
The go-live process at Rosewood Resources, Inc. included:
- On time and on budget delivery of all software components, configurations, and testing on W Energy Software’s cloud-based ERP platform, providing cost-effective software-as-a-service (SaaS) subscription pricing.
- Implementation of the following W Energy Software upstream ERP modules: Revenue Accounting, Division Order, AFE, JIB, and Financial Accounting.
- Dedicated W Energy Software implementation experts ensured successful migration of accounting data from the legacy ERP solution and closing of the company’s first month, including revenue disbursement to interest owners.
Pete Waldroop, CEO of W Energy Software, stated: “Congratulations to Rosewood Resources, Inc. for their successful deployment of W Energy Software’s upstream ERP solution and a big thank you for putting such tremendous trust in us. Rest assured that the entire W Energy Software team stands ready to support you with our best-in-class software products and customer service, now and into the future.”
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