Fully configurable to your individual business needs, our Joint Venture Accounting solution is designed to extend the functionality of a traditional finance system.
When different JV agreements exist, allocating costs manually during the cutback process can be complicated.
With parameter driven functionality, our JV process facilitates automation of cost allocation rules for each JV agreement – including cap & carry, gross and net books transactions – enabling faster and more accurate reporting to partners.
Using our integrated reporting tool, and integration with Sales Invoicing functionality, you can benefit from creating automated Joint Interest Billing or Cash Call statements with detailed cost analysis.
Invoices and statements are generated and sent for approval via our automated workflow process – they can be sent directly to the partner or output to 3rd party systems.
Our JV accounting and our full range of other business processes are
designed to work with any accounting system including Infor SunSystems, SAP, SAGE, Oracle and Microsoft Business Central.
Our JV process has the flexibility
to handle different accounting, currency and analysis structures along with complex partner
share allocations.
