Pandell JV is joint venture accounting software purpose-built for Canadian upstream oil and gas operators. It manages partner billings, revenue distributions, working interest allocations, and financial reporting in a secure, cloud-hosted environment — giving operators a real-time view of their net financial position across all properties, any day of the month.
Traditional batch reporting leaves your team guessing until month-end close. Pandell JV processes partner billings, revenue distributions, and operational transactions in real time — so you always know your net position, on any property, on any day of the month. No waiting. No estimating.
Pandell JV's grid reporting technology lets you build, save, and export custom views of your financial data in seconds. Configure reports tailored to your working interests, cost centres, or partner allocations — then drill down to the voucher or reconcile level to trace any number back to its source. Standard industry reports are included out of the box.
Pandell JV comes with pre-built data adapters and InfoLinks™ that connect directly to Pandell AP (accounts payable), Pandell AFE (capital tracking), Pandell PetroNet (production accounting), and Pandell LandWorks (land asset management). Data flows between systems without manual re-entry, with a full auditable history at every step.
Joint Venture Billings
Partner billing and statement generation with direct upload / download capability with EnergyLink
WI / NPI Allocations
Working interest and non-participating interest tracking for JV partners and royalty owners
Allocations and Overheads
Manage and calculate complex allocations and overheads with convenient data imports and monthly processes
Revenue Distribution
Process revenue and royalties distributions for JV partners and royalty owners
Approval & Payment Workflows
Configurable master data, voucher and payment approvals including digital cheque signing and electronic payments
Period Management
Step-by-step month-end close workflow and period management
Multi-Entity
Manage multiple entities with inter-company capabilities and consolidated financial and operations reporting
Multi-Currency
Record transactions and payments in multiple currencies and report in both functional and alternate currencies
Flexible Reporting
Configurable financial reports and standard industry templates along with secure RESTful API data connectors
Government Reporting
SSupport for government-required T5 / NR4 prepared data submissions
Audit Controls
Voucher-level and reconcile-level drill-down with complete history of edits and approvals for audit transparency
Cloud Hosting
ISO 27001 and SOC 2 certified cloud-hosting with automatic software upgrades and secure data storage
Overview of key product features & benefits.
Download the Pandell Financial Suite PDF.
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