When it comes to managing oil and gas ventures, one of the key items we hear from clients is that they want to Operate with Excellence. For the accounting teams they want to get visibility of Netback, control costs, and get reports to navigate their business.
The second big item we hear is they want to manage their partner relationships.
We will focus first on "Operate with Excellence" and then "Manage Partners"
With IDEAS, you can track CAPEX by project, manage OPEX by account and see revenue by project.
Additionally you can input budgets and forecasts. Maximize cost recovery with all the proper tracking. And, compare the budgets and forecasts to the actuals.
Also, customers want to get reports to navigate the business.
The second big