EnergyFlow AFE Automation streamlines the complete AFE process, from initial request for approval, through to budget creation, and on to project close-out activities. By standardising the approach to budget setting, our AFE process helps increase the accuracy of AFE estimates. Every associated cost, tangible or intangible, is then accounted for, with hard engineering fact replacing what has historically often been a best guess estimate.
The system comes with a simple to navigate web interface, meaning users can access AFE records, update, review and approve AFE's in real time, wherever staff are working.
Supporting unlimited AFE types, EnergyFlow AFE Automation delivers full spend v budget visibility, so you can reduce project overspend and demonstrate all spending is compliant with corporate policy.
By implementing AFE Automation, we help eliminate process
inefficiencies by optimising your approval workflow and configuring the system to
best meet your needs. Approval For Expenditure requests will follow your specified approval routing,
with email alerts, resulting in reduced delays and AFE budgets being automatically created on
AFE Automation tracks expenditure against both AFE and corporate budgets, with reporting by cost category, currency and project stage. This means you can identify trends and spot potential overspend at an early stage. Built in rules-based approval mechanisms allow you to set fixed criteria for spending.
EnergyFlow AFE Automation integrates with any existing business system, caters for multi-currency working and any complex joint venture/project ownership arrangements common in the industry. It also includes key critical steps such as submission for technical, legal, financial and other evaluations with approval at every stage. AFE automation fully supports CTR (cost, time, resource) management.
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