AFE Automation streamlines the complete AFE process, from initial request for approval, through to budget creation, tracking, reporting and project close-out activities.

As a result of implementing AFE Automation, our clients benefit from full cost transparency, spend to date against budget, and available budget across different cost headings and project phases.

Supporting unlimited AFE types, our AFE Automation solution delivers full spend against budget by accounting for every associated cost, tangible or intangible – increasing the accuracy of AFE estimates.

By recording expenditure against both AFE and corporate budgets, using cost categories, currency and project phases, users can create their own user-defined reports that easily identify early trends and potential project overspend.

We provide seamless integration with Infor SunSystems creating the AFE record and associated budget, enabling budget vs actual expenditure reporting and further assisting with budget control and compliance.

TouchstoneEnergy can also fully integrate AFE with your existing accounting ledger, procurement, asset management and budgeting systems, catering for multi-currency and supporting complex joint venture/project ownership.