Innovo calculates royalty distributions from production and ownership data, pays every interest owner in one run and reconciles purchaser statements as payments clear.
Operators pay many owners against production that changes every month. The work is spread across teams and systems, so payments are slow and hard to trace.
Royalty settlement commonly stretches 30 to 60 days or longer after production, which ties up working capital on both sides.
A payment passes through operations, revenue accounting, land administration, finance and compliance before an owner sees the money.
Production volumes, ownership interests, calculations and supporting documents sit in separate systems and spreadsheets.
Royalty owners and operators can't track payment status in real time, so questions and disputes grow with production volume.
One platform for the full payment run, from the production data in to the audit record out.
Ownership decks and monthly volumes drive the run, so every royalty and working interest owner is paid from the same source of truth.
Pay dozens or hundreds of interest owners in a single automated run over ACH and other standard rails, instead of manual payment batches.
Purchaser statements are matched to payments as they clear, instead of in a spreadsheet weeks later.
See what is committed, paid, unpaid and available for each cycle, without waiting for month-end reports.
Every calculation, payment and settlement event is recorded as a structured, auditable step for accounting and compliance.
Work that usually goes to third-party administrators runs on the platform, so your team keeps control of the run.
Owner payments, run and reconciled in one place.
The same four steps every month, with each one recorded as it happens.
Production volumes and ownership interests come in from the systems you already use.
Innovo works out each owner's distribution and reconciles it against revenue.
Payments go out to every interest owner in one run, and the pay cycle shows what has cleared.
Purchaser statements match to payments, and each step lands in an audit-ready record.
See how this fits with REC settlement on the Solutions page.
Royalty payment software calculates what each royalty and working interest owner is owed from production and ownership data, pays them, and keeps a record of every payment. It replaces manual calculations, spreadsheet reconciliation and separate payment batches.
Oil and gas payment software handles the money that moves after production: owner distributions, payments to royalty and working interest owners, and reconciliation against purchaser statements and revenue. Innovo runs these steps on one platform, from calculation to payment to an audit-ready record.
Innovo takes production volumes and ownership decks from your existing systems, calculates each owner's share, and reconciles the totals against revenue before the run is paid.
Innovo pays interest owners in one automated run over ACH and other standard payment rails, and tracks each payment until it clears.
Work that operators often send to third-party administrators, such as running distributions and reconciling payments, can run on Innovo's platform instead, with an audit trail for every owner.
Running royalty payments by hand?
Talk to our team