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My BP Oil Claim

Why do the top Law Firms, CPA Firms, and Claims Preparation Firms choose ITSG's cloud-based OilClaim Calculator Software for processing their BP Claims instead of spreadsheets?

WARNING: If you prepare BP Claims, then you should be aware of the compelling reasons below regarding why you should upgrade from the desktop-based spreadsheet approach that was made obsolete over a year ago upon release of our software. Prevention of fraud, regulatory compliance, data integrity, data security, business continuity are only the beginning of the list of benefits and advantages over desktop-based spreadsheets. See below for more details.

Advantages of Processing BP Claims in ITSG's Cloud-Based OilClaim Calculator Software

Very Low Vulnerability to Fraud with Built-in Financial Controls - All Formulas and Algorithms are Controlled by ITSG, Locked and Not Editable by Users and can Not be Overwritten by copying/pasting/linking numerical data

Fully Automated Decision Making for Maximum Compensation Every Time to Remove Human Error. Resulted in 7% Higher Total Compensation on Average via ITSG internal study of 1,000 BP Claims

SAS70 Compliant (Sorbanes Oxley [SOX] Compliant)

Cloud Computing, Ultra-Resilient Architecture with 24x7x365 Active Monitoring within a Network Operations and Threat Monitoring Center

Data Secured by Industry-Leading and Government-Grade ProtectPoint Hardware and Software Firewall

PCI Compliant

Not Obstructive to Regulatory Compliance

Client information is Backed up daily in two, encrypted and secure locations

Satisfactory for Business Continuity with a Single-Data Storage Location that is Backed Up Remotely with Encryption

Data Integrity is Intact

Fit for Agile Business Changes and Climate Changes, as well as Ready for Weather Related Events such as Hurricanes


Easy to Consolidate Data and Reporting

Scales Automatically and Ready for Growth

Ready for Collaboration with Access-Controlled User Login and Management built for Sole Practitioners and Large Corporate Users to enable planning, forecasting, budgeting, and reporting.

Disadvantages of Processing BP Claims in a Spreadsheet on a Desktop Computer

High Vulnerability to Fraud - Fraudulent manipulations in company spreadsheet files have already resulted in Billion-Dollar losses. The main underlying reason behind this spreadsheet vulnerability is the inherent lack of controls, which makes it so easy to alter either formulas, values, or dependencies without being detected

Susceptible to Trivial Human Error - Not reliable. User must choose Highest Total Compensation

Not SAS70 (Sorbanes Oxley [SOX] Compliant)

Not Monitored. Desktop Application


Low Security with Desktop-Based Consumer Grade Firewall and Virus Software

Not PCI Compliant

Obstructive to Regulatory Compliance such as Sorbanes-Oxley and Dodd-Frank

No Backup of Client Data. Not Secure.

Unsuited for Business Continuity since Spreadsheet Data is Not Stored in a Single Location and Resides on the Computers of Multiple Users

Spreadsheet Data Integrity is Not Intact. Cells and Formulas can be deleted at any time losing all data integrity

Not Fit for Agile Business Changes and Climate Changes. Mergers and Acquisitions, Management Buyouts, earthquakes, tsunamis, hurricanes, uprisings, climate change, new technologies, and so on are problematic

Hard to Create Reports, Consolidating Data is a Labor-Intensive Manual Process and Sharing Data is Challenging

Scales Poorly. Spreadsheets Not Optimized for Growth

Susceptible to Erroneous and Duplicate Data and Not Built for Collaboration Planning, forecasting, budgeting, and reporting are all collaborative activities

 

One-on-One Expert Claim Advice

Now FREE one-on-one expert claim advice to see if you qualify for a BP claim settlement.

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Leading Claim Support Team

Simplify a very complicated process with our leading Claim Support team for BP Claims.

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OilClaim Calculator

Use our OilClaim Calculator in the cloud. The fastest way to get your BP claim settlement check.

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100% Accurate Calculations

Unlimited calculations and unlimited causation available to maximize your BP claim settlement.

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ABC 3 Top Stories. WEAR ABC 3 :: Online Oil Spill Claim Calculator in the news The BP oil spill affected nearly every industry around the Gulf of Mexico. Even individuals and industries that are not directly associated with the maritime or petroleum industries have seen a drop in revenue due to the ripple effect from declines in fishing, oil and gas production, and tourism.  If you you're an individual who suffered as a result or your business saw a drop in revenue due to the oil spill then we are here to help with your BP oil spill claim. You worked hard to build up your company; shouldn't you have someone who will work hard for you to get back what you lost? IT Strategies Group's battle-tested OilClaim Calculator™  cloud based software is secure and significantly reduces the time that it takes for you to properly submit your claim and get your settlement now! Learn More »

As of June 4, 2012, the U.S. Courts have decided that it's time to get you paid. The Economic & Property Damages Settlement resolves certain economic loss and property damage claims related to the 2010 Deepwater Horizon oil spill. If your claim is validated and you are included in this Settlement, you could receive money if you were harmed by the oil spill in one or more of the following categories:

 

The Latest Deepwater Horizon News:

October 20th, 2014 - Shrimper pleads guilty to felony wire fraud in $357K Deepwater Horizon settlement - The Louisiana Record

The Louisiana Record

Shrimper pleads guilty to felony wire fraud in $357K Deepwater Horizon settlement
The Louisiana Record
gt_bp_claims_300x200_100802 NEW ORLEANS – A Slidell-based shrimper has pleaded guilty to two counts of wire fraud concerning false tax documents he filed in order to secure a Deepwater Horizon oil spill worth hundreds of thousands of dollars.

 
September 24th, 2014 - Judge orders BP to stick by Deepwater Horizon payouts agreement - The Guardian

The Guardian

Judge orders BP to stick by Deepwater Horizon payouts agreement
The Guardian
BP is still facing a financial nightmare from the nation's worst oil disaster, which began with an explosion that tore open the oil company's Macondo well on the floor of the Gulf of Mexico, destroying the Deepwater Horizon drilling rig and killing 11 ...
BP Loses Bid to Recover Deepwater Horizon Payout MoneyThe National Law Journal (registration)
BP Found Grossly Negligent for Deepwater Horizon Spill: Ultimate Liability for ...JD Supra (press release)
BP tries to contain its costs for 2010 Deepwater Horizon disaster, now ...Daily Journal

all 420 news articles »
 
October 6th, 2014 - Mark Wahlberg's 'Deepwater Horizon' Set for Sept. 2016 Release - Variety

Variety

Mark Wahlberg's 'Deepwater Horizon' Set for Sept. 2016 Release
Variety
J.C. Chandor, director of “All Is Lost,” is directing the Summit-Participant Media movie centered around the oil rig tragedy. The companies acquired feature rights in 2011 to The New York Times article “Deepwater Horizon's Final Hour,” written by David ...
Deepwater Horizon, Starring Mark Wahlberg, Set for 2016 ReleaseComingSoon.net
BP oil-spill drama 'Deepwater Horizon' gets a release dateThe Times-Picayune - NOLA.com
JC Chandor's 'Deepwater Horizon' Starring Mark Wahlberg Sets Awards Season ...Indie Wire (blog)
We Got This Covered -RopeofSilicon.com (registration) (blog)
all 24 news articles »
 
October 3rd, 2014 - BP challenges $18bn Deepwater Horizon ruling - Financial Times

The Times-Picayune - NOLA.com

BP challenges $18bn Deepwater Horizon ruling
Financial Times
Lawyers for BP have called for a retrial or a revised judgment after spotting what they believe to be a legal mistake in the court ruling last month that the company acted with gross negligence in the 2010 Deepwater Horizon disaster. The argument is ...
BP Deepwater Horizon oil spill didn't shrink number, size of Louisiana shrimp ...The Times-Picayune - NOLA.com
BP calls for retrial of Deepwater Horizon caseTelegraph.co.uk
BP calls for retrial over Deepwater Horizon disaster penaltiesThe Independent
EuropeanCEO -International Business Times UK -Undercurrent News
all 362 news articles »
 
October 6th, 2014 - 'Deepwater Horizon' Starring Mark Wahlberg Gets 2016 Release Date - Deadline.com

'Deepwater Horizon' Starring Mark Wahlberg Gets 2016 Release Date
Deadline.com
Summit Entertainment has staked out a date for Deepwater Horizon, the true story account of the devastating 2010 BP oil spill that Mark Wahlberg is starring in and JC Chandor is directing. The film from Participant Media and Lorenzo di Bonaventura's di ...

 
October 9th, 2014 - Release date for Mark Wahlberg Deepwater Horizon movie set - Chron.com

Release date for Mark Wahlberg Deepwater Horizon movie set
Chron.com
The movie based on the BP Deepwater Horizon oil disaster starring Mark Wahlberg is set for release September 30, 2016, according to producers Summit Entertainment. Entitled "Deepwater Horizon," the film is based largely on a New York Times article ...

 
October 8th, 2014 - New Study Examines Role of Government in Deepwater Horizon Oil Spill - UVM News

New Study Examines Role of Government in Deepwater Horizon Oil Spill
UVM News
A recent ruling by a federal judge that BP was "grossly negligent" in the 2010 Deepwater Horizon oil rig spill in the Gulf of Mexico placed the majority of blame on the multinational oil and gas company. Although not on trial in this case, the federal ...

and more »
 
October 5th, 2014 - Texas receiving Deepwater Horizon oil spill restoration funding - Your Houston News

Texas receiving Deepwater Horizon oil spill restoration funding
Your Houston News
AUSTIN – Five Texas-based projects totaling about $18 million have been approved to begin to compensate Texas for lost human use of natural resources resulting from the Deepwater Horizon oil spill. The three artificial reef and two state park projects ...

 
October 2nd, 2014 - Deepwater Horizon Oil Spill Legal Update: Judge Makes Findings Of Gross ... - Mondaq News Alerts (registration)

Deepwater Horizon Oil Spill Legal Update: Judge Makes Findings Of Gross ...
Mondaq News Alerts (registration)
In the first of several related rulings, on September 4, 2014, U.S. District Judge Carl Barbier (the presiding judge of MDL 2179, the limitation and liability action regarding the Deepwater Horizon oil spill) issued a ruling allocating liability in the ...

 
October 6th, 2014 - 'Vacation' Reboot & 'Deepwater Horizon' Get Fall Dates in 2015 & 2016 - First Showing (blog)

'Vacation' Reboot & 'Deepwater Horizon' Get Fall Dates in 2015 & 2016
First Showing (blog)
Margin Call director J.C. Chandor's next film Deepwater Horizon has just secured a release date as well. Summit Entertainment will send the film to theaters on September 30th, 2016, which seems a little early if the studio is hoping for award ...

and more »