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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:

September 17th, 2014 - BP Busted For Cheating Tactics in Deepwater Horizon Case - Ring of Fire

Ring of Fire

BP Busted For Cheating Tactics in Deepwater Horizon Case
Ring of Fire
BP, the company recently found grossly negligent by U.S. District Court Judge Barbier, has been busted for using grade-school tactics in its ongoing legal defense as it tries to avoid paying for one of the worst oil disasters in U.S. history. According ...
Deepwater Horizon ruling puts focus on preventionJD Supra (press release)
Question of the day: Is BP run by children?Los Angeles Times
BP lawyers scolded for using 'college term paper' line spacing tricksChristian Science Monitor
Ktoo
all 31 news articles »
 
September 16th, 2014 - DEP & FWC to Host Deepwater Horizon Webinar - WTXL ABC 27

DEP & FWC to Host Deepwater Horizon Webinar
WTXL ABC 27
(WTXL) - The Florida Department of Environmental Protection (DEP) and Florida Fish and Wildlife Conservation Commission (FWC) are hosting a deepwater horizon RESTORE Act funding and projects webinar. RESTORE Act stands for Resources and ...

and more »
 
September 12th, 2014 - BP Deepwater Horizon spill brought 22k tons of oil to Gulf Coast, NJIT study finds - The Star-Ledger

Newsweek

BP Deepwater Horizon spill brought 22k tons of oil to Gulf Coast, NJIT study finds
The Star-Ledger
NEWARK — A team of researchers from the New Jersey Institute of Technology say in a new study that the 2010 BP Deepwater Horizon spill left 22,000 tons of oil on the shores of the Gulf Coast. The study, published in the August issue of the journal ...
UK Wants U.S. Supreme Court To Limit BP Liability For Deepwater HorizonOilPrice.com
Gulf anglers could be entitled to $585 million after the Deepwater Horizon oil ...University of Florida
BP lost 55% shareholder value after the Deepwater Horizon incidentMarket Realist
JD Supra (press release) -One Green Planet -Church Times
all 70 news articles »
 
September 2nd, 2014 - Halliburton to Settle Deepwater Horizon Claims for $1.1 Billion - Wall Street Journal

Wall Street Journal

Halliburton to Settle Deepwater Horizon Claims for $1.1 Billion
Wall Street Journal
Houston-based Halliburton performed the oil-well cementing on the Deepwater Horizon rig, which was owned by Transocean and operated by BP. Regulators and government investigative panels have found that deficient cementing was a direct cause of the ...
moneyUSA TODAY
Halliburton reaches $1.1bn settlement over Deepwater Horizon oil spillThe Guardian
Halliburton agrees to pay $1.1 billion in Deepwater Horizon spillLos Angeles Times
24/7 Wall St. -The Huntsville Times - al.com -The Verge
all 400 news articles »
 
September 6th, 2014 - BP Is Found Grossly Negligent in Deepwater Horizon Disaster - Wall Street Journal

Wall Street Journal

BP Is Found Grossly Negligent in Deepwater Horizon Disaster
Wall Street Journal
His decision is among the biggest legal setbacks for BP in four years of litigation over the Deepwater Horizon explosion, which killed 11 crew members and left oil leaking into the Gulf for months, killing wildlife and fouling beaches. Though the ...
BP Found Grossly Negligent In Deepwater Horizon DisasterForbes
BP's reckless conduct caused Deepwater Horizon oil spill, judge rulesThe Guardian
BP Deepwater Horizon Spill: UK Government Sends Support For British Oil Giant ...International Business Times
Los Angeles Times -CNBC
all 1,270 news articles »
 
August 19th, 2014 - Mark Wahlberg In Talks To Star In 'Deepwater Horizon' - Deadline.com

Boston Globe

Mark Wahlberg In Talks To Star In 'Deepwater Horizon'
Deadline.com
EXCLUSIVE: Mark Wahlberg is in talks to star in the J.C. Chandor-directed Deepwater Horizon for Lionsgate's Summit Entertainment and Participant Media. Based on the true-life story of the 2010 BP oil rig explosion in the Gulf of Mexico which caused the ...
Report: Mark Wahlberg in Talks to Star in 'Deepwater Horizon'Boston.com
Mark Wahlberg Could Be Starring in a Movie About the BP Oil SpillTIME
Mark Wahlberg to Star in J.C. Chandor's 'Deepwater Horizon'/FILM
The Times-Picayune - NOLA.com -Boston Globe
all 63 news articles »
 
September 16th, 2014 - BP Seeks Access to $750 Million Transocean Insurance - Bloomberg

Financial Post

BP Seeks Access to $750 Million Transocean Insurance
Bloomberg
The case is In Re Deepwater Horizon, 13-0670, Supreme Court of Texas (Austin). The appeal is In Re-Deepwater Horizon, 12-30230, U.S. Circuit Court of Appeals for the Fifth Circuit (New Orleans). The lower court case is In re Oil Spill by the Oil Rig ...
Texas Justices Weigh BP's $750M Deepwater Coverage ClaimLaw360 (subscription)
Is a missing comma in your policy worth $750 million?Insurance Business America
BP asks Texas Supreme Court for ruling that would cut spill costsFuelFix (blog)
GCaptain (press release)
all 18 news articles »
 
September 11th, 2014 - BP, Anadarko Shouldn't Get Deepwater Rehearing, DOJ Says - Law360 (subscription)

BP, Anadarko Shouldn't Get Deepwater Rehearing, DOJ Says
Law360 (subscription)
Law360, San Diego (September 11, 2014, 6:24 PM ET) -- BP PLC and Anadarko Petroleum Corp. shouldn't get another chance to show the Fifth Circuit they weren't liable for the Deepwater Horizon disaster, the U.S. Department of Justice said Wednesday, ...

and more »
 
September 4th, 2014 - Deepwater Horizon: gross – more than £9bn hangs on that one short word - The Guardian (blog)

The Guardian (blog)

Deepwater Horizon: gross – more than £9bn hangs on that one short word
The Guardian (blog)
One of these decades, the size of BP's final bill for the Deepwater Horizon disaster of 2010 may become clear. In the meantime, weary shareholders – who include almost everyone in the UK saving for retirement via a company pension – will reflect that ...

 
August 30th, 2014 - Vaucher: Will Deepwater Horizon film be educational or sensationalistic? - Chron.com

Chron.com

Vaucher: Will Deepwater Horizon film be educational or sensationalistic?
Chron.com
I learned recently that Mark Wahlberg is in talks to be a part of a new movie based on the Deepwater Horizon explosion of a few years ago. The former leader of the "Funky Bunch" is one of my favorite actors, and usually if I'm looking for something to ...
'Deepwater Horizon' Movie Wants Wahlberg as StarWall St. Cheat Sheet
BP & The Real State of the Gulf - Pollution Report for Wednesday, August 27, 2014Legal Examiner

all 6 news articles »