Constructing wind turbines and solar panels, developing geothermal facilities, or laying hundreds of miles of pipeline is only the beginning of a new energy project. Much work and organizational effort lie ahead.
For example, inspections and maintenance of the infrastructure must be scheduled, as well as upkeep of the right of way.
Organizations must also meet ongoing payment obligations on right of way, rent, lease and royalty agreements with property owners. Although an essential aspect of any new energy project, this process has been cited as a significant pain point for companies in the energy arena. That isn’t surprising, considering many organizations still rely upon spreadsheets and even paper records to process payments of varied amounts on an irregular schedule. They are still inputting information manually, which is time-consuming and pulls staff away from other duties. Many calculations must be done quickly, which increases the possibility of error. Or, payments may go out late.
In either case, the organization’s reputation and relationship with landowners suffer.
Web-based software provided by geoAMPS is an effective solution. Accessing a central database, the software automates the process of meeting ongoing payment obligations, resulting in accuracy, consistency, low time commitment, cost savings, improved compliance and adherence to payment schedules.
In only three years since geoAMPS has been in operation, its customers have processed more than $1.1 billion in payments.
The website Daily Energy Report has posted an article about geoAMPS’ solution for meeting ongoing payments. The article is among Daily Energy Report’s first featured stories of 2014. Click here to read the article.
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.