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PaymentMaster
Neofirma’s turnkey service picks up where your existing accounting system leaves off! Automates the distribution, payee management, and online access to payments and statements for your Royalty and Working Interest owners.


Save Money and Time With Neofirma’s PaymentMaster™
If you process more than 300 payments each month, PaymentMaster pays for itself in cost savings in less than 6 months! You can save up to an estimated amount of $2.71 per payment using Neofirma’s PaymentMaster™.

For an E&P company processing 1000 payments each month, the estimated manual cost to the company is $3,200 monthly and $38,400 annually. Compare that to the cost of 1000 PaymentMaster transactions using electronic funds transfer – $490 monthly and $5,880 annually.

With a payout of activation costs in less than six months, your annual check handling savings for 1000 payees per month could be $20,620 the first year.


How PaymentMaster™ Saves You Time and Money
  • Reduces the direct and indirect costs of managing royalty and working interest payments.

  • Reduces accounting staff time.

  • Reduces or eliminates printed checks.

  • Reduces or eliminates printed statements, JIBs, check stubs, K-1s and 1099s.

  • Reduces or eliminates postal delivery costs.

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