**NADOA SPECIAL OFFER**
NADOA Conference Attendees that sign up for our Division Order Processing Service before December 31st 2021, will pay NO Host Service Fee for the first 3 months – saving $400/month.
Your company understand the headaches and costs of distributing a well’s revenue from a Division Order. You also know that capture of the data from a division order is labor intensive. IKAN Software have a proven solution utilized by a leading Houston based energy company that reduced their processing time for a single division order from days down to minutes.
Fast Facts
Using a combination of cutting edge Intelligent OCR capture technology and machine learning for matching the royalty owners from your internal system. Benefitting from the huge reduction in processing time and cost, our customer also saw a huge increase in the accuracy of the data captured from the division orders compared to the manual keying method. The solution dynamically locates and reads all royalty, mineral and working interest amounts and owners. The system matches and learns from your data and the interactions and corrections of your staff. Once all owners are matched and all data is verified the data is returned in a format easily consumed by your internal Land systems.
How It Works
The solution can be implemented in the cloud and is also available as an on-premise as a low cost solution. A cloud implementation removes the headache of a lengthy implementation project and large upfront costs.
Features
- On-premise and cloud availability
- Rapid character capture – thousands per minute
- Simple and intuitive matching tool
- Accurate, easy-to-read tabular results
Benefits
- Reduced document to internal record matching time
- Identifies and saves new user data
- Removed human error in keying/matching
- Increased staff productivity and output