Press

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



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

https://touchstoneenergy.co.uk/

TouchstoneUnited KingdomLondonUnited StatesHoustonAutomationautomated monitoringE&P SoftwareOil softwareManagement AccountingHydrocarbon AccountingFinance

More items from marcuskelly


How a reactive and predictive maintenance strategy improved results for a Midstream Oil and Gas company

Better tracking and recording of spend against budget was a key success factor for this Enterprise Asset Management project in the Midstream Oil and Gas Industry. In addition to this success, incorporating inventory management, planned, reactive and predictive maintenance was also part of the proj ...

Marcus Kelly - TouchstoneEnergy


Posted 3 months agoPress > Asset Managementasset management systemMaintenance and inspection +6

7 steps for implementing reliability-based maintenance for Oil and Gas companies

Modern Enterprise Asset Management (EAM) solutions help maintenance teams in the oil and gas industry step up their processes and make effective asset management part of the overall enterprise strategy. Here are seven ways modern solutions help maintenance teams: 1. Reliability. Reliable oper ...

Marcus Kelly - TouchstoneEnergy


Posted 6 months agoPress

Managing the transition from legacy to modern systems in Oil & Gas

Legacy IT Systems, either software or hardware that were commissioned between the 1980's and early 2000's, are a significant obstacle in any Oil & Gas organisation's drive towards modernisation. Whilst the age of these systems is not necessarily an issue, continued product support is a challenge f ...

Marcus Kelly - TouchstoneEnergy


Posted 6 months agoOpinion > OilandGasE&P SoftwareBusiness Process +8

Why Oil and Gas companies need to consider an Enterprise Asset Management solution

You may well already be using some form of asset management system, it may work well for you, so why would you need to look at anything else? At TouchstoneEnergy we firmly believe that in order to have the edge over your competition, you need to be looking forwards as well as back. It is all very ...

Marcus Kelly - TouchstoneEnergy


Posted 7 months agoOpinion > Asset Managementasset management systemOilandGas +4

Asset Management in Oil and Gas London Event: A Masterclass in Maximising Operational Efficiency.

Infor EAM is best-in-class asset management software that can help you digitise and optimise your maintenance operation to reach new levels of efficiency. Unlike niche solutions that simply can't grow with you, or ERP add-on products that require extensive customisation, Infor EAM is a purpose-b ...

Marcus Kelly - TouchstoneEnergy


London   England   GB 12 Mar 2019


Posted 8 months agoEvent > LondonAsset Managementasset management system +3
All posts from marcuskelly