EnergyFlow AFE Automation streamlines the complete AFE process, from initial request for approval, through to budget creation, and on to project close-out activities.
A standardized approach to budget-setting helps increase the accuracy of AFE estimates. By accounting for every associated cost, tangible or intangible, fact replaces what has historically been founded on estimation.
Supporting unlimited AFE types, EnergyFlow AFE Automation delivers full spend budget visibility, so you can reduce project over spend and demonstrate spending is compliant with corporate policy.
As a result of implementing a tailored AFE Automation system, our clients benefit from a maximised approval workflow and minimal process inefficiencies.
Approval For Expenditure requests follow your specified approval routing via email alerts, resulting in fewer delays and AFE budgets being automatically curated upon approval.
AFE Automation records expenditure against both AFE and corporate budgets, with reporting by cost category, currency and project stage.
This, in tandem with built-in approval mechanisms, allows for the identification of trends and potential overspend to occur at an early stage - a proactive, risk adverse strategy.
The energy sector is diverse and complications are commonplace.
Considering this, our EnergyFlow AFE Automation integrates with existing business systems, caters for multi-currency working and support complex joint venture/project ownership arrangements.
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.
What our clients say...
North Petroleum Inc is a Texas based independent Oil & Gas Exploration Company chartered in 1994 with the purpose of engaging in the acquisition, exploration, development and production of oil and gas assets.