Posted by Marcus Kelly - TouchstoneEnergy
Simplicity for complex Joint Venture environments
TouchstoneEnergy's Joint Venture accounting module automates joint venture cost allocations, streamlining approval and billing workflows. It makes cost recovery a quick and easy process giving both internal stakeholders and JV partners confidence that the figures presented are accurate.
EnergyFlow Joint Venture accounting and Cutback Automation will generate all the necessary accounting entries for businesses involved in joint venture projects based on the agreed partner share.
The module is designed specifically for the upstream Oil & Gas sector and those companies who find that their core finance system is unable to handle complex joint venture accounting.
As with all EnergyFlow applications, our Joint Venture accounting module integrates seamlessly with all major accounting systems, integrating data and streamlining workflows. The system is fully configurable, and our experienced team will work closely with you to configure the system according to your specific business needs.
You can learn more here: https://www.touchstoneenergy.co.uk/software/joint-venture-accounting/
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