Business Associates (BA) is a common repository
for Lessor, Royalty Owner, Overriding Royalty
Owner, Working Interest Owner, Vendor, and
Purchaser static information such as name,
address, tax id, email contact info, etc.
Developed to accommodate SSI users who have
investors that own multiple interest types from
leases to working interest that may even be
vendors (and/or purchasers) so the setting up
and address changes, etc. for interest
owners/vendors/purchasers need be done only
Information mutual to the BA as an owner, vendor
and/or purchaser is kept in the BA file.
Anything applicable specifically in terms of the
owner is kept in
the AR01 - Owner Maintenance
record (such as alternate mailing addresses,
service charge conditions and revenue EFT
information) and whatever is applicable only to
the vendor (like vendor terms of payment and
vendor EFT information) is kept in the
AP01 - Vendor Maintenance record.
Benefits of Business Associates
Saves time - one associate can be set as a
lessor, well interest owner, vendor,
purchaser or any combination of the above.
Cuts redundancy. Adding or making changes
doesn’t have to be done multiple times.
Can be global - all companies in SSI can
share a single BA file. If the BA
name/address is changed in one company the
change will trickle down to all companies.
Minimizes errors. This in itself is helpful
– minimizes typos because the same
information doesn’t have to be entered
Uniformity - the same number is used for the
BA as an owner, vendor or purchaser.
When a BA is added, notice the
Add To Company(s) Data Bases button at the bottom of the screen.
This is the part that makes implementing
the Business Associates all worthwhile.
Add To Company(s) Data Bases
All companies set to
using BA are listed along with options to:
Add Purchaser for each listed
Another neat feature…
X – Indicates Already Exists.
Once you’re up and going on BA, see the little
Add Owner and
Add Vendor for company 01?
Applicable per company, that little
X designates that the BA has
already been copied down to the company.
Oh! And one more thing -
Click On To Set ALL To Add, Off to Set ALL
to Not Add. A single click adds the BA to ALL companies as
owner, vendor and/or purchaser in one fell
In terms of ways to cut time and effort, we’ve
thought of everything – all to make YOUR job
If you aren’t using BA, consider converting over
to it. SSI can help with the conversion process.
Contact us. It’s well worth the time and
effort to make the switch!