Delivering Financial and Operational Control for
Explorers, Producers & Distributors of Energy
ResourcePoint Energy Financial Management is built on the Microsoft Dynamics AX platform and delivers advanced financial functionality beyond the Financial Foundation offering. By integrating project management, budgets, and costs with your corporate financials from initial drilling through to production, you can more effectively invoice and pay your partners, manage your cost centres, control expenditures, and drive efficiency into your business processes. Suitable for more complex sites and international operations, ResourcePoint Energy Financial Management can efficiently keep your costs under control by monitoring them by cost centre, Division of Interest, or Authorisation for Expenditure.
Features include:
-
Financial Management
Use multiple dimensions to sort and process oil & gas financial information. Use ‘full cost’ or ‘successful efforts’ accounting approaches by project depending on your internal accounting procedures.
-
Cost Centre Controls
Manage cost centres and properties from drilling to production. All activities and costs can be assigned to reporting hierarchies. Overhead management capabilities enable you to automatically generate overhead charges to cost centres based on fixed or variable rules.
-
Division of Interest
Establish flexible, date-effective division of interest with the capacity to support account based exceptions on the same screen.
-
Joint Venture Billing
Automate the distribution and billing processes for join interest transactions. Create and enforce the rules associated with billing as per your unique billing policies.
-
Authorisation for Expenditure
Measure actual against budgeted costs on both a gross and net basis. Get automatic updates and threshold warnings to help you control capital expenditure. Generate and manage cash calls and AFE supplements on projects.
-
Enhanced Governance & Compliance
‘Out-of-the-box’ Compliance Centre simplifies compliance with international regulations such as Sarbanes-Oxley (SOX) through a comprehensive set of tools to manage and control electronic content.
-
International
Supports multi location, multi currency, multi language requirements.