Make month-end closing a breeze with quick summaries of Actuals, Accruals, PPAs, Out of Period and variances for Expenses, Revenues and Production Volumes at your fingertips
A tool that provides quick summary and trends on Actuals, Accruals, PPAs, Out of Period and variances for Expenses, Revenues and Production Volumes for a typical Upstream Oil & Gas company. A great application for Accountants that provides them analytical capabilities in near real-time (using On-Demand Refresh) and eliminates the pain of spending hours and hours in extracting thousands of transactions from ERP system for spreadsheet analysis.
BUSINESS BENEFITS
- On Demand refresh of data from the ERP or Financial Accounting system helps Accountants see the results of their changes in near real time and quickens the closing process
- A very useful tool in monthly divisional Financial review meetings
- Comparison with Guidance and Trial balance numbers help identify variances and plan better for the next months, quarters
Powerful Reporting & Analytics Capabilities
- Month-end closing reports such as Expense Summary, Production Summary
- Easily track Out of period, prior period adjustments (PPA), current period actuals, current period estimates etc. on a month to month basis
- Intuitive Drill-down to the detailed transaction level
Tracking
- Track Accrual estimates and variances from Actuals for Expenses, Production and Revenues
- Easily track Out of period, prior period adjustments (PPA), current period actuals, current period estimates etc. on a month to month basis