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. Integrating your people and processes with AFE-Automation delivers total expenditure control for the Oil industry. TouchstoneEnergy's business process ...Marcus Kelly - TouchstoneEnergy
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
Read on to discover how TouchstoneEnergy are streamlining financial operations for energy industry & keeping the Oil flowing..! A volatile oil price, capital intensive projects and constant change in regulation means that oil and gas companies are constantly fighting margin pressures. Inefficien ...Marcus Kelly - TouchstoneEnergy
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
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
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
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
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
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
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
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
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
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
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
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
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