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Solving the Complexity of Joint Venture Accounting Within the Upstream Oil & Gas Sector

Joint Venture accounting within the Upstream Oil & Gas sector often overwhelms the existing core finance function. TouchstoneEnergy has developed a sector-specific application which allows Oil and Gas companies to optimise, monitor and better control their Joint Venture processes.  The Joint Vent ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > Touchstonejoint ventureJoint Operating Agreement +6

HMRCs Making Tax Digital and the Oil & Gas Industry

Making Tax Digital, the Government initiative to digitise and streamline tax reporting processes comes into effect from April 2019. The key benefits for businesses include improved visibility over their tax situation and easier access to tax information online; enabling businesses to plan and bud ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > TouchstoneTaxdigital +8

Oil and Gas Companies Are Spending Too Much Time and Money on Their AFE Processes

So how do we go about streamlining the AFE workflow and approval process? Most companies' AFE processes are costing them time and money because they rely on manual processes that can move only as fast as the slowest employee. To illustrate the real costs of this manual process, let's take a loo ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoOpinion > Business ProcessexpenditureDevelopment Capital Expenditure +3

TouchstoneEnergy Launches Easy-to-Use Web-Based Solution for Joint Venture Accounting Automation

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 3 months agoPress > joint ventureoil and gas accountingTouchstone +5

TouchstoneEnergy Announces Local Nigerian Partner: SoftPlugs Limited

TouchstoneEnergy today announces a new and strategic partnership with SofPlugs Limited, a leading Oil & Gas technology consultancy based in Lagos, Nigeria. This partnership further strengthens TouchstoneEnergy's commitment to the African market, and also provides a platform for offering local impl ...

Marcus Kelly - TouchstoneEnergy


Posted 3 months agoPress > TouchstoneUpstream oil and gasdownstream +7

TouchstoneEnergy Conference How Digital Transformation is Changing the Finance Function

TouchstoneEnergy Customer Conference – 17 th  May 2018 The Wellcome Collection Conference Centre located on Euston Road, London, NW1, with its iconic Medicine Now Gallery will provide the backdrop to our Customer Conference and this year the theme of the day is  “Digital Transformation of the Fi ...

Marcus Kelly - TouchstoneEnergy


London   England   GB 17 May 2018


Posted 5 months agoEvent > TouchstoneUnited KingdomLondon +6

TouchstoneEnergy's Drilling & Daily Cost Tracker Tool is a Major Step Forward in Well Cost and Equipment Tracking for Upstream Exploration and Production Companies

EnergyFlow Drilling and Daily Cost Tracker: Accurate and auditable real-time data for daily drilling and AFE-related activities TouchstoneEnergy's Drilling and Daily Cost Tracker application allows you to manage operational expenditure effectively on a daily basis. The system provides complete bu ...

Marcus Kelly - TouchstoneEnergy


Posted 5 months agoPress > upstreamupstream industryUpstream oil and gas +8

The Team From TouchstoneEnergy are Live Today at the Infor EAM European Summit at CERN

TouchstoneEnergy will be discussing digital transformation of asset management best practices, Cloud, mobility, and predictive maintenance. You can discover why they are the global leaders in Enterprise Asset Management for Oil and Gas here: http://bit.ly/2km2nxq

Marcus Kelly - TouchstoneEnergy


Posted 6 months agoPress > Asset Managementasset management systemasset optimization +5

TouchstoneEnergy demonstrates how Infor EAM is improving maintenance planning and significantly reducing vessel downtime for oil and gas companies

Infor EAM: Best-in-class asset management software for the Oil and Gas sector Positioned highest in ability to execute of all 11 enterprise asset management vendors evaluated in Gartner's 2017 Magic Quadrant, Infor EAM offers rich built-in functionality and the flexibility to integrate with other ...

Marcus Kelly - TouchstoneEnergy


Posted 7 months agoPress > Upstream oil and gasTouchstoneAsset Management +8

TouchstoneEnergy's Chosen Asset Management Solution for Oil and Gas the Leader in Gartner's Magic Quadrant

Infor EAM named a leader in Gartner's Magic Quadrant for Enterprise Asset Management TouchstoneEnergy are proud to share that their chosen enterprise asset management solution for the energy sector, Infor EAM, has been named a leader in Gartner's Magic Quadrant for Enterprise Asset Management. ...

Marcus Kelly - TouchstoneEnergy


Posted 9 months agoPress > Asset Managementasset optimizationAsset Manager +7

Automating the Joint Venture Accounting Process to Provide Comprehensive Cost Allocation for Full and Transparent Cost Recovery

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 ...

Marcus Kelly - TouchstoneEnergy


Posted 9 months agoPress > TouchstoneUnited StatesHouston +7

Automating Daily Drilling Data For Rigorous Cost Management and In-Depth Forecasting

Obtain accurate and auditable real-time data for daily drilling and AFE-related activities TouchstoneEnergy's Drilling and Daily Cost Tracker application (part of the EnergyFlow Business Process Management solution) allows you to manage operational expenditure effectively on a daily basis. The sy ...

Marcus Kelly - TouchstoneEnergy


Posted 10 months agoPress > TouchstoneUnited KingdomLondon +7

TouchstoneEnergy's Masterclass Event in London is next week

Master Class: Selecting & implementing a new financial management & BI solution Replacing your Financial Management System is one of the most significant projects a business will undertake. Add into the mix the emerging importance of Business Intelligence and the process of change can appear qui ...

Marcus Kelly - TouchstoneEnergy


London   England   GB


Posted 10 months agoEvent > TouchstoneUnited KingdomLondon +3

TouchstoneEnergy Develops Game Changing AFE Automation Software to Transform Spend Control for Oil and Gas Companies

The Automated AFE solution tracks approvals, reports spend against budget, saves management time, and introduces full cost control transparency. AFE Automation streamlines the complete AFE process, from initial request for approval, through to budget creation, and on to project close-out activities ...

Marcus Kelly - TouchstoneEnergy


Posted 10 months agoPress > TouchstoneUnited KingdomLondon +9

TouchstoneEnergy is On The Move in London

We are delighted to announce that TouchstoneEnergy is on the move in London. After 15 great years at 1 Triton Square in NW1, we will be moving back to the City, to our new home at 46 Worship Street, London, EC2A 2EA. Having acquired the freehold of the premises earlier this year, the building has n ...

Marcus Kelly - TouchstoneEnergy


Posted 10 months agoPress > TouchstoneUnited KingdomLondon +8