Rivington Financial Services, LLC (“RFS”) is an independent accounting services firm offering a full suite of outsourcing functions to small and medium sized energy companies. We provide a full range of accounting services from clerical through the Controller function. We work exclusively on the BOLO Systems oil & gas accounting software platform. Our professionals have in excess of thirteen years experience working with the software package.

Why Outsource With Rivington Financial Services

In today’s competitive environment, small and medium sized energy companies face enormous hurdles, not the least of which includes:

• Pressure to achieve sustained growth in an uncertain commodity price environment,
• Larger and more established competitors, and
• The need for strict cost control.

The challenges facing Management today require more and more focused time and resources. RFS can supply the accounting tools, knowledge, experience and expertise to enable senior Management to invest the majority of its time on core business issues without sacrificing crucial internal controls. Outsourcing with RFS will ensure that Management’s time is devoted to moving the business forward, analyzing information, developing strategy, responding to business changes or simply managing the business to meet strategic plans. Additionally, RFS can assist in controlling employee costs and eliminating expenses related to accounting systems maintenance and upgrades.

The accounting outsourcing solution works because:

• We’re accounting experts. Oil and gas accounting is our only business. Because we are solely focused on accounting, we can be very efficient.
  • We assign duties to those best skilled to accomplish them.
  • We have demonstrable, audit tested internal controls with the appropriate separation of duties to assure accurate and timely processing of transactions.
  • We rely on systems and documented processes rather than individual knowledge; this makes us far less vulnerable to employee turnover.

• The accounting process is uniform. We understand that every client is different; but the accounting process itself is standard and best applied on a routine basis. All energy businesses acquire assets, incur expenses, produce sales revenue, pay bills and collect receivables, etc. The process of accounting for (and reporting) these transactions does not vary significantly from company to company. We standardize the accounting processes and, therefore, we can be more efficient and produce a higher quality product.

• We utilize state of the art technology. We employ document imaging and indexing, resulting in a paperless environment. Furthermore, despite using the Bolo System for our accounting software platform, all reports are rendered in an Excel worksheet format for ease of handling and modification. Additionally, our clients have 24 hour internet access to all information and reports, including the ability to drill down to the invoice level on all reports.

• Our services are scalable. We can instantaneously expand or contract with your business cycle. We can be your entire accounting department or provide additional resources to supplement your existing internal staff.