expenditure


All posts for expenditure

This is why TouchstoneEnergy are leaders in the finance systems space for Oil and Gas

Providing customers with real-time visibility of AFE expenditure and automated Joint Venture Cutback & billing with AFE Automation. Your AFE workflow should comply with your internal process; your process should not have to conform to a system workflow. No matter how complex or straightforward yo ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > Touchstoneexpenditureexploration +8

TouchstoneEnergy, the leading Oil and Gas IT consultancy explains how they saved a North African Oil and Gas Operator $1.5 million by automating their Approval For Expenditure process

North African Oil and Gas Operator aims to save $1.5 million by tracking AFE spend The Problem – AFE budget overspends This North African operator has been experiencing a problem that is common to many E&P companies – being the ability to accurately track AFE budgets and associated expenditure. ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoPress > ConsultancyexplorationProduction +8

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 4 months agoPress > EgyptTouchstoneexploration +8

Heritage Oil looks to TouchstoneEnergy to provide a strong stable accounting and procurement platform

Heritage Oil looks to TouchstoneEnergy, specialist business software and consultancy providers in the energy sector to deliver an updated system that could provide a strong stable accounting and procurement platform for growth. With such an international footprint, Heritage Oil faces key challenges ...

Marcus Kelly - TouchstoneEnergy


Posted 5 months agoPress > Heritage OilTouchstoneexpenditure +8

TouchstoneEnergy transforms Joint Venture Accounting with their Cutback Automation Process

Oil and gas joint venture accounting requires accurate allocation of costs to partners and creation of Joint Venture Interest Billing statements and invoices for cost recovery. Constant changes in equity creates complexity for the JV accounting function. With TouchstoneEnergy's automated cutback sy ...

Marcus Kelly - TouchstoneEnergy


Posted 6 months agoPress > Touchstonejoint ventureoil price +7

Jersey-based oil and gas exploration and production company gains international financial control

With such an international footprint, Heritage Oil faced key challenges in managing its joint venture accounting. To provide effective tracking of its financial transactions and ensure consistent visibility of all expenditure including requisitions, purchase orders, goods and service receipting ...

Marcus Kelly - TouchstoneEnergy


Posted 6 months agoPress > Heritage OilTouchstoneoil price +6

Approval For Expenditure Automation Webinar

Like you, we continue to operate in a challenging climate, albeit with an improved oil price. The prolonged period of instability has seen many of our customers; including Seven Energy ; turn to TouchstoneEnergy to support their mission to deliver companywide cost savings. Through investment in ...

Marcus Kelly - TouchstoneEnergy


    24 Jan 2017


Posted 7 months agoEvent > United KEventexpenditure