Managing land operations and financial accounting in silos is a recipe for inefficiency. From duplicate data entry to mismatched records, disconnected systems can quickly create chaos across departments. But what if your land and accounting platforms could talk to each other, automatically syncing data, streamlining approvals, and cutting payments with precision? That’s exactly what integrated solutions are designed to do, and the results can transform how companies manage their operations from the ground up. Watch the demo video here.
The Power of Integrated Platforms
Richard Cheng, solution architect for On Demand Land, and Kevin McArthur, solution architect for On Demand Accounting, explain how integration between land and accounting systems can transform business processes. Without integration, companies face issues like redundant data entry, inconsistent datasets, and manual reconciliation between systems. A fully integrated solution addresses these challenges by allowing data to flow smoothly between departments.
A Practical Look at Land Payment Integration
When managing land payments, having the ability to seamlessly pass information between land systems and accounting platforms is crucial. The current integration enables smooth coordination and status tracking of payments through automated workflows. Key advantages of this integration include:
- Real-time visibility into payment status from within the land system.
- Multi-level approval workflows that ensure compliance and oversight.
- Direct syncing with accounts payable to streamline financial processes.
- Consolidation of vendor data pulled directly from the accounting platform.
- Tracking of processed, cleared, or voided checks without needing to switch systems.
Leveraging REST APIs for Broader Connectivity
These integrations are powered by REST API endpoints that support create, retrieve, update, and delete operations. This flexibility allows for connection not only between land and accounting but also with external systems. Whether dealing with leases, contracts, or payments, these API endpoints make the system highly extensible and customizable.
Tackling Royalty Complexity with Configurable Insights
Minimum royalty payments are one of the more nuanced areas of land and financial management. Many companies still rely on manual workarounds and cross-referencing to ensure landowners receive accurate payments.
With integrated systems, companies gain the foundation needed to streamline this process — especially when pairing land and accounting data through customizable reporting and APIs. With Data Hub, it provides the flexibility to build tailored views based on unique lease structures and business needs.
Some of the capabilities companies can enable through integration and configuration include:
- Combining land and accounting data into unified reports
- Tracking lease-specific payment activity to monitor minimum thresholds
- Supporting real-time calculations of royalty obligations
- Associating wells to specific leases to simplify payment breakdowns
- Enabling faster, more informed decisions with shared, up-to-date data
This approach puts operators in control — giving them the building blocks to streamline royalty tracking and gain deeper insights over time, based on their specific business rules and system configurations.
Smarter Systems, Smoother Operations
Ultimately, integrating land and accounting systems removes the burden of manual data entry, improves accuracy, and accelerates payment workflows. By sharing data across departments and automating core functions, companies can operate more efficiently and with greater confidence in their financial accuracy.
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