List of IFS AFE (formerly P2 AFE) Customers
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Since 2010, our global team of researchers has been studying IFS AFE (formerly P2 AFE) customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased IFS AFE (formerly P2 AFE) for AP Automation from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using IFS AFE (formerly P2 AFE) for AP Automation include: Coterra Energy, a United States based Oil, Gas and Chemicals organisation with 981 employees and revenues of $9.05 billion, Freeport‑McMoRan, a United States based Oil, Gas and Chemicals organisation with 28500 employees and revenues of $7.58 billion, Amplify Energy, a United States based Oil, Gas and Chemicals organisation with 208 employees and revenues of $458.0 million, Caerus Oil and Gas, a United States based Oil, Gas and Chemicals organisation with 300 employees and revenues of $200.0 million, Petro Hunt, a United States based Oil, Gas and Chemicals organisation with 250 employees and revenues of $50.0 million and many others.
Contact us if you need a completed and verified list of companies using IFS AFE (formerly P2 AFE), including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
The IFS AFE (formerly P2 AFE) customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Amplify Energy | Oil, Gas and Chemicals | 208 | $458M | United States | IFS | IFS AFE (formerly P2 AFE) | AP Automation | 2015 | n/a |
In 2015 Amplify Energy deployed IFS AFE (formerly P2 AFE) to centralize accounts payable controls and authorization for field expenditures, establishing a formal AP Automation backbone for AFE lifecycle and joint interest billing processes. The initiative focused on supporting the Joint Interest Billing department and Cost JIB accountants with structured AFE creation, review, approval and closure workflows across operated and nonoperated assets.
The implementation configured IFS AFE modules for AFE maintenance, BOLO processing, AFE Navigator driven approvals, monthly AFE closure reporting, and automated capture and coding of JIB invoices. Functional capabilities implemented included invoice processing and payout handling, material transfer coding across multiple entities, variance analysis for nonoperated cost trends, journal entry generation for variances and prior period adjustments, and account reconciliations for inventory advances to operators and JIB clearing.
Integrations were explicit for payout processing, with Energylink used for nonoperated JIB payouts alongside manual invoice handling workflows. Operational coverage extended to the Joint Interest Billing function, accounting, operations and land departments, and handled multi entity postings and partner cash call reconciliation as part of month end JIB close activities in the Houston area.
Governance and process rules were embedded in the system using the company AFE policy and an Authorization Matrix, with cost allocation enforced according to Joint Operating Agreements and COPAS guidelines. The deployment supported audit data provisioning, partner dispute resolution workflows, accounts receivable collection analysis, and ongoing support for coding and AFE inquiries without naming an implementation partner.
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Blackbeard Operating | Oil, Gas and Chemicals | 180 | $30M | United States | IFS | IFS AFE (formerly P2 AFE) | AP Automation | 2016 | n/a |
In 2016 Blackbeard Operating implemented IFS AFE (formerly P2 AFE) as its AP Automation application to centralize Authorization for Expenditure setup and charge allocation across its accounting operations. The deployment targeted the company accounting and joint interest billing workflows for a 180 employee oil and gas operator, positioning IFS AFE as the system of record for AFE creation and maintenance.
IFS AFE (formerly P2 AFE) was configured to support AFE setup and maintenance, automated allocation of operational expenses, and joint interest billing activities. Functional capabilities implemented include AFE lifecycle management, expense allocation and distribution logic, approval routing for AFEs, invoice matching for field charges, and integration points for general ledger posting and month end close workflows. The implementation also supported tracking and billing of company assets and inventory as part of expense chargeback processes.
Operational coverage extended across accounting, operations, and engineering teams, with the Sr. JIB Accountant role responsible for AFE configuration, monthly entries to charge operational expenses across portfolios, partner inquiry research and responses, and support for month end, year end and partner audit processes. Governance changes emphasized controlled AFE maintenance, structured approval and partner billing workflows, and documented procedures for expense inquiry handling and audit support, aligning accounting and engineering review cycles around the AP Automation capabilities of IFS AFE (formerly P2 AFE).
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Caerus Oil and Gas | Oil, Gas and Chemicals | 300 | $200M | United States | IFS | IFS AFE (formerly P2 AFE) | AP Automation | 2018 | n/a |
In 2018, Caerus Oil and Gas implemented IFS AFE (formerly P2 AFE) to support AP Automation across its accounting and joint interest billing workflows. The deployment focused on establishment and lifecycle management of Authorization for Expenditure records, enabling AFE setup for phases such as drilling, completions, P&A, reclamation, workovers, and Facilities.
IFS AFE (formerly P2 AFE) was configured to support core AFE and payout capabilities, including preparation of payout statements for more than 300 wells, monitoring partner working interest at drill and completion, and coding and processing Non-Operated JIB with a monthly JIB close cadence. The implementation covered journal processing and reclass entries, monthly allocations by pumper routes, pads, and cost centers, and routine cash application tasks tied to customer accounts and daily cash inflow and outflow reporting.
The IFS AFE environment was integrated with invoice and expense systems for end-to-end payables and payout workflows, specifically OpenInvoice, Suti Expense, and P2 Reporting implemented in the Bolo system for payouts. Operational ownership spanned accounts payable, JIB accounting, and finance teams, supporting coordination between field cost center allocations and corporate reporting.
Governance included creation of 18 desktop procedures to formalize AP and JIB processing and documented controls used during internal and external audit analysis to resolve discrepancies. The implementation emphasized standardized AFE configuration and payout orchestration within IFS AFE, aligning operational procedures for accounting, JIB close, and expense reconciliation under the AP Automation program.
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Oil, Gas and Chemicals | 981 | $9.1B | United States | IFS | IFS AFE (formerly P2 AFE) | AP Automation | 2015 | n/a |
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Oil, Gas and Chemicals | 125 | $15M | United States | IFS | IFS AFE (formerly P2 AFE) | AP Automation | 2014 | n/a |
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Oil, Gas and Chemicals | 28500 | $7.6B | United States | IFS | IFS AFE (formerly P2 AFE) | AP Automation | 2014 | n/a |
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Oil, Gas and Chemicals | 50 | $7M | United States | IFS | IFS AFE (formerly P2 AFE) | AP Automation | 2015 | n/a |
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Oil, Gas and Chemicals | 55 | $10M | United States | IFS | IFS AFE (formerly P2 AFE) | AP Automation | 2015 | n/a |
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Oil, Gas and Chemicals | 250 | $50M | United States | IFS | IFS AFE (formerly P2 AFE) | AP Automation | 2016 | n/a |
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Oil, Gas and Chemicals | 10 | $2M | United States | IFS | IFS AFE (formerly P2 AFE) | AP Automation | 2015 | n/a |
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Buyer Intent: Companies Evaluating IFS AFE (formerly P2 AFE)
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| Logo | Company | Industry | Employees | Revenue | Country | Evaluated | ||
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