Touchstone


All posts for Touchstone

TouchstoneEnergy is the only IT and Business Consultancy dedicated to the Oil Industry

TouchstoneEnergy has carried out more than 200 successful projects in 40 countries across 5 continents. TouchstoneEnergy are leading providers of world-class business systems dedicated to the upstream oil and gas. We have software applications for every role in the enterprise, from Accounting a ...

Marcus Kelly - TouchstoneEnergy


Posted 1 day agoPress > upstreamUpstream oil and gasUpstream Production Solutions +8

Seven Energy International opts for a Cloud based solution from TouchstoneEnergy to improve business process management

Manual Business Processes Were Slowing Business Expansion for Seven Energy International The challenge: Automation of manual business processes to facilitate increased productivity and delivery of real-time and relevant information to users. The solution also needed to give better visibility to a ...

Marcus Kelly - TouchstoneEnergy


Posted 4 days agoPress > TouchstoneBusiness ProcessNigeria +8

Linking finance and operations with a single view for Upstream Oil and Gas Companies

TouchstoneEnergy has carried out more than 200 successful upstream oil and gas projects in 40 countries across 5 continents TouchstoneEnergy's dedicated consultancy professionals have more than 400 man year's experience in the upstream oil and gas sector. They are able to bring industry knowledge ...

Marcus Kelly - TouchstoneEnergy


Posted 10 days agoPress > Touchstoneoil priceexploration +8

Infor SunSystems in the Energy Sector User Day 2017

This is a must attend event for users of Infor SunSystems and add-on applications in the oil and gas, renewable energy, mining and downstream trading industries.   Thursday, 15th June 2017 In attendance will be the Infor's Product Management team who will give an update on new and exciting deve ...

Marcus Kelly - TouchstoneEnergy


    GB 15 Jun 2017


Posted 17 days agoEvent > United KingdomTouchstoneFinance +10

TouchstoneEnergy on location in West Africa analysing and documenting requirements for a Spend Control System

This is how Oil and Gas Companies are extracting savings from their Purchase Authorisation and Accounts Payable processes Following on from our recent feature: Spotlight on Reducing Spend in the Energy Industry , TouchstoneEnergy staff were exchanging anecdotes about other favourite experiences ...

Marcus Kelly - TouchstoneEnergy


Posted 17 days agoPress > TouchstoneNigeriaoil price +9

Heritage Oil improves compliance and supplier relationships with a Spend Management solution from TouchstoneEnergy

Heritage Oil prioritised key payments, improved supplier relationships and accelerated responses to urgent opportunities without compromising on compliance. Strict compliance in the Oil and Gas Industry means that Heritage Oil must have good control of where its money is spent and with whom. Audi ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > Heritage OilTouchstoneUpstream oil and gas +8

6 Simple Steps to transform Spend Management for Oil and Gas Companies

Are you transforming your business processes? Now's the time to take a fresh look at Spend Control. If you don't, you could fall short of the very goals you're trying to achieve Just suppose you wanted to reduce costs and yet you missed an opportunity to save hundreds of thousands of pounds? Wh ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > TouchstoneCostCosts +8

How are Upstream Oil & Gas companies succeeding in this volatile and highly competitive environment?

The ‘lower for longer' oil price has forced upstream Oil & Gas companies to look hard at their costs. Every industry faces pressure to transform and we all know that transformation begins by aligning an organisation for greater effectiveness. We also know that this can largely be achieved by pla ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoOpinion > TouchstoneSOCO Internationaloil price +6

Why Oil & Gas Companies should be conducting yearly process reviews

Don't let another year go by without taking action to improve your existing financial and business processes During the initial stages of many software implementations and software review projects, TouchstoneEnergy frequently recommends that our clients & prospects engage in a Business & Systems ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > TouchstoneExploration and ProductionBusiness Process +7

The Oil & Gas industry is truly leading by example when it comes to Cloud Computing

"Cloud Technology is helping to integrate vital business components so that the right answers are delivered to the right people, at the right time and in the right way” says Peter Davis, Business Unit Head, TouchstoneEnergy The ‘lower for longer' oil price has forced upstream Oil & Gas compani ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > TouchstoneSOCO InternationalOil Price predictions +7

Seven Energy International streamlines their process controls with the help of TouchstoneEnergy

Manual Business Processes Slowing Business Expansion Less than half of all international Oil & Gas companies are using automated business processes. Why..? Because most Finance and IT leaders are unable to deliver automation due to a lack of investment in enterprise systems and a reluctance to ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoPress > TouchstoneexplorationProduction +7

How improving their AFE (approval for expenditure request) process is saving an Egyptian Upstream Operator up to US$1.5 million annually

Egyptian Upstream Operator goes live with EnergyFlow AFE Automation and General Office processes fully integrated with INFOR SunSystems The Operator aims to improve compliance and reduce overspend by as much as 100%; which could result in an annual saving of up to US$1.5 million . TouchstoneEne ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoPress > EgyptTouchstoneexploration +8

Bridging the gap between ETRM (Energy Trading Risk Management) and back office accounting, tax, reporting and financial controls

Providing efficient and reliable back office accounting for the commodity trading industry. TouchstoneEnergy bridges the gap between ETRM (Energy Trading Risk Management) and back office accounting, tax, reporting and financial controls. By providing multi-dimensional analytics, multi-currency a ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoPress > Commoditiescommodity tradingTouchstone +9

How TouchstoneEnergy is changing the face of Oil and Gas Accounting

A volatile oil price, capital intensive projects and constant change in regulation means that oil and gas companies are constantly fighting margin pressures. Inefficient financial processes are also common to many companies, and this has become a significant area where organisations can both cut ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoPress > Hurricane EnergyTouchstoneAccounting +9

TouchstoneEnergy launches Drilling Reports & Daily Cost Tracking tool for Exploration & Production Companies

Exploration and Production Companies can now track and analyse their drilling and operational expenditure by monitoring daily costs using EnergyFlow EnergyFlow Drilling & Daily Cost Tracker Analysis & Reporting allows Cost Accountants to record and analyse operational expenditure and drilling act ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoPress > TouchstoneexplorationProduction +7