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TouchstoneEnergy Develops Game Changing AFE Automation Software to Transform Spend Control for Oil and Gas Companies


The Automated AFE solution tracks approvals, reports spend against budget, saves management time, and introduces full cost control transparency.

AFE Automation streamlines the complete AFE process, from initial request for approval, through to budget creation, and on to project close-out activities. By standardising the approach to budget setting, the AFE process helps increase the accuracy of AFE estimates. Every associated cost, tangible or intangible, is then accounted for, with hard engineering fact replacing what has historically often been a best guess estimate.

The system comes with a simple to navigate web interface, meaning users can access AFE records, update, review and approve AFE's in real time, wherever staff are working.

Supporting unlimited AFE types, EnergyFlow AFE Automation delivers full spend v budget visibility, so you can reduce project overspend and demonstrate all spending is compliant with corporate policy.

You can learn more about the solution at their website



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Visit source site

https://touchstoneenergy.co.uk/

TouchstoneUnited KingdomLondonUnited StatesHoustonAutomationautomated monitoringE&P SoftwareOil softwareManagement AccountingHydrocarbon AccountingFinance

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