geoAMPS BLOG

Land Rights & Infrastructure Asset Management Software

All Posts

Over $1.1 billion in payments processed with geoAMPS software

geoAMPS’ clients report processing combined payments of more than $1.1 billion by utilizing geoAMPS software products. geoAMPS is only in its third year of operation.
 
Making ongoing payments on right of way, rent, lease and royalty agreements is an essential part of the operation of land service, pipeline, alternative energy, transportation and utility projects, among others. geoAMPS, a technology company located in the Columbus, OH, area, provides software products which, among other essential capabilities, enhance efficiency in processing those payments. 
 
“We are pleased that our customers have utilized geoAMPS technology to complete such a large number of transactions in a relatively short period of time,” Yogesh Khandelwal, President and Chief Executive Officer of geoAMPS, said. “It is rewarding for the entire geoAMPS team that our customers are experiencing efficiencies through the use of our software.”
Due to the many variables associated with land ownership and payments, meeting ongoing payment obligations for a project can be complex and require a great deal with organizational resources.
 
To meet these complex and changing conditions, organizations resort to various means with varying degrees of success. Many work from spreadsheets, while some still work from paper records. In either case, information must be input manually through each payment cycle. That is a time-consuming process. In addition, many calculations must be done quickly, which increase the chance of error.
 
geoAMPS software automates the process of meeting ongoing payments. The software includes lease management, automatic reminders, a payment tracker and scheduler capabilities. It automates development, construction, royalty and other types of payments based on complex calculations and varied schedules.
 
“It is gratifying that our customers are experiencing substantial cost savings through geoAMPS software,” Yogesh said.  “That kind of measurable return on investment can translate into improved profit margins and the incentive to embark on a greater number of projects.”
 
He said that geoAMPS is continually improving its payments/financials product module.
 
Dan Liggett is Communications and Public Relations Manager for geoAMPS, a technology company in the Columbus, OH, area that specializes in software solutions to manage land rights and infrastructure assets. For more information, call 614-389-4871 or visit www.geoamps.com.
 
This article also appears on:
Renewable Energy World

Alternative Energy eMagazine
New Technology Magazine

Related Posts

geoAMPS chosen among Central Ohio's Fast 50

geoAMPS has been named to the Fast 50 list of companies in Central Ohio. Fast 50 is an annual awards program organized by Columbus Business First to recognize 50 of the fastest growing and emerging companies in Central Ohio. “All of us at geoAMPS are honored to be named one of the Fast 50 of Central Ohio,” Yogesh Khandelwal, President and Chief Executive Officer of geoAMPS, said. “We want to thank Columbus Business First for organizing this awards program which recognizes companies in the region that are new or experiencing rapid growth.

Sharing geoAMPS solution with industry leaders at S.E.E.

Jim Corwin / flickr From public utilities to manufacturers to transportation agencies – a wide range of industries are represented at the Southeastern Electric Exchange Annual Conference and Trade Show. geoAMPS will be there to meet with representatives of those industries. Guy Allen, Vice President of Sales, will be eager to discuss how geoAMPS products and services provide project efficiency, asset management and process standardization that can produce a significant return on investment.

Indiana IRWA Chapter 10 invites geoAMPS to present

Sheltiesforever / flickr Members of the geoAMPS team are looking forward to meeting with members of the International Right of Way Association (IRWA) Chapter 10 in Indiana. Chapter 10 represents IRWA members throughout the state of Indiana. The chapter invited geoAMPS to give a presentation during its meeting June 2 at Indiana Grand Racing and Casino in Shelbyville.