Benefits of Pak Exchange - Owners

Modified on Wed, 22 May, 2024 at 11:39 AM

Welcome to PakEnergy

If you are unfamiliar with PakEnergy – let us tell you about ourselves! PakEnergy offers cloud-based business automation software for independent upstream and midstream oil & gas companies. The Company’s solutions help clients manage land, production, accounting, and transportation. PakEnergy serves over 2,000 customers, primarily in North America, including E&P operators, crude oil purchasers, transporters, haulers, investors, and accounting firms.

PakEnergy automates the most complex business processes to reduce operating costs, save time, and increase profitability while providing customers with reporting, analytics, and decision support systems that were once exclusive to the major integrated oil companies. To learn more about PakEnergy and our various platforms, please visit https://pakenergy.com.

 

Pak Exchange

Pak Exchange is an ecosystem of vendors, owners, partners, and investors providing secure, real-time collaboration and processing. Exchange boasts streamlined workflows for touchless approvals while avoiding processing delays and frustration. Enjoy early payment discounts and reap the benefits of productivity.

In essence, Pak Exchange is a secure network for operators, first purchasers, and service companies to manage/exchange invoices, division orders, run statements, owner statements, 1099s, W9s, insurance certificates, ACH forms, and change of address forms faster, better, and more efficiently. To add the cherry on top of this sundae – Pak Exchange is FREE to all vendors, owners, and operators. Unlike other portals on the market today, there is no cost per page, no cost for a subscription, and no tiers of productivity. Pak Exchange is shutting the door on bolted-on automation with our TRULY open vendor portal.

 

Benefits to Owners/Operators
Exchange allows owners and operators to pull up historical information easily. This means no more searching for that one needed document in piles of paper. Exchange provides Owner Statements, Run Statements, and 1099s through a cloud-based portal providing instant access to the documents—no filing or keeping paper copies of documents necessary. Exchange also boasts the ability to be able to return a signed Division Order electronically in seconds. No stamps, envelopes, or hoping it doesn’t get lost with the postal service. With Exchange, you can see when the other sending party receives the returned Division Order in real-time.

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