Data Processing


All posts for Data Processing

With extensive expertise in the oil and gas sector, TouchstoneEnergy are quick at getting to the heart of business challenges and identifying solutions that add value

TouchstoneEnergy's experienced energy sector consultants are helping oil and gas operators and non-operators across the globe use business process automation to drive measurable growth, increase controls, and improve compliance. Our services and systems bring together financial accounting, manageme ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > TouchstoneHoustonNorth America +9

TouchstoneEnergy is the only Oil and Gas IT consultancy supplying fully automated joint venture accounting processes

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 ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > TouchstoneoracleFinance +10

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 2 months agoPress > Touchstoneexpenditureexploration +8

Paper-intensive processes are proving to be a massive expense for the Oil and Gas industry – and a colossal waste of resources

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


Posted 3 months agoPress > TouchstoneHurricane EnergyExploration and Production +8

TouchstoneEnergy helps oil and gas companies with Joint Venture Accounting & Spend Management Reporting

Improving Oil and Gas Joint Venture Accounting with Automation 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 ...

Marcus Kelly - TouchstoneEnergy


Posted 3 months agoPress > Touchstonejoint ventureAccounting +9

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 3 months agoPress > ConsultancyexplorationProduction +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 months agoPress > TouchstoneBusiness ProcessNigeria +8

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 5 months 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 5 months 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 6 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 6 months agoPress > EgyptTouchstoneexploration +8

Wintershall sign up to AGR’s Well Intelligence Software iQx™

AGR has announced that its well data management and analysis software tool iQˣ™ is to be adopted by Wintershall's flagship Maria field on the Norwegian Continental Shelf (NCS).   Wintershall is the latest company to adopt iQx™ joining VNG, Lundin, OMV, AKER BP and LUKOIL Overseas North Shelf. ...

Maria Djomina - AGR


Posted 7 months agoPress > WintershallNorwegian Continental ShelfData Processing +5

Why the global energy sector is turning to TouchstoneEnergy to reduce overspend by as much as 100%.

TouchstoneEnergy are leading providers of world-class business systems dedicated to the global energy sector. They are improving compliance and reducing overspend by as much as 100%; which could result in an annual saving of up to US$1.5 million for their clients. TouchstoneEnergy's EnergyFlow Bus ...

Marcus Kelly - TouchstoneEnergy


Posted 7 months agoPress > Touchstoneoil priceexploration +6

North African Oil and Gas Operator aims to save $1.5 million by tracking AFE spend

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. TouchstoneEnergy's EnergyFlow provides seamless integration with Infor SunSystems which will assist further with budget control and compliance. Download ...

Marcus Kelly - TouchstoneEnergy


Posted 7 months agoPress > Touchstoneoil priceexploration +5

Independent oil exploration company upgrades key business systems and processes with the help of TouchstoneEnergy

TouchstoneEnergy has been approached by a new client with operating assets in the North Sea, which has grown to a size where the business has needed to consider improving management controls, purchase approvals, daily cost tracking, JV cutback, reporting and other business processes. In 2014 this c ...

Marcus Kelly - TouchstoneEnergy


Posted 8 months agoPress > oil priceexplorationProduction +4