White Papers. Counterparty Risk. The Value of Allegro. What is a CTRM? Fact Sheets. Crude Oil. Refined Products. Regulatory Compliance Connect. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. However you may visit Cookie Settings to provide a controlled consent. Manage consent. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.
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UserMatchHistory 1 29 days 23 hours 59 minutes Linkedin - Used to track visitors on multiple websites, in order to present relevant advertisement based on the visitor''s preferences. Document management software makes you more efficient by storing all your permitting documents in one place. The software will also manage other important documents like leases. Keep track of lease terms, payments, expiration dates, and more.
Environmental studies are a major cost source. The permitting process can require approval from local, state, and federal agencies. Maintaining compliance and reaching approval is significantly easier and less risky with the help of software tools. Project management will allow you to schedule your crews and subcontractors ensuring you have the right people on board at all times and performing the work they should be doing.
Job costing is an important part of construction work. You need to track your labor costs, machine and equipment costs, fuel costs and any contract labor. Tracking these costs will also help you better understand your cash flow. If you are running an oil and gas production business, tracking operational costs is a central concern for your software to address.
Managing costs associated with the operation of a mine or well can include labor costs, equipment and repairs, fuel, and transportation.
Understanding where your money is going at this point in the process is critical. What if demand decreases or increases? How do you adjust your business to meet customer demands? If you are not producing enough, you may need to hire more employees or subcontractors or bring in more equipment. Whatever the case may be, a production planning module will help you understand how much demand you have and how much material you are processing to keep up with customer demand.
The operational modules will also help you with the logistics and delivery of the items. Tracking the costs associated with the transportation of the materials to your customers is critical to understanding your profitability. The software will also help you analyze which mode of transportation is the best in terms of price and time of delivery.
Delivering products to the market involves another set of complexities. Identifying and tracking information related to buyers can be greatly assisted with customer relationship management software. This will allow you to manage contact information for each of the buyers including typical purchases, the amount spent, discounts applied, and more. There are many standalone software systems geared toward the oil and gas industries. These solutions help you control costs, promote efficiency, and run a profitable operation.
Many full-featured solutions allow you to add modules as your business grows. Task-specific solutions are also available, allowing you to add functionality to your current system. The production software can help you monitor field operations, improve production data management, and more. Full ERP systems can meet all of your needs from operations management to back-office business processes.
Oil and gas ERP software manages accounting, land leases, and production processes. The system can also take care of HR functionality like hiring and onboarding, benefits management, and payroll. There are thousands of products on the market that offer basic financial accounting, hundreds that can do cost accounting and less that are specifically geared toward mining and natural resources.
Going with a general accounting solution may result in improper cost accounting which leads to improper profit reporting and incorrect reporting to investors.
Investing money in the right software now can save you thousands of dollars and keep your investors happy. Through a brief phone call, our software specialists will look to better understand your needs to help you locate a handful of software solutions that can address the issues you are currently experiencing. Get started today! Concurrently, EnHelix can help lower system implementation cost and at the same time provide transparency on trading performance.
Finally, with over 1, functionality and energy artificial intelligence built into the software. EnHelix is ready to help modernize your trading, logistics and accounting operations. Supports crude oil contracts, physical buy or sell, exchanges, leases, inter-company and financial derivatives futures, options and hedging.
All in a single integrated crude oil trading software. Comprehensive credit solutions to manage letter of credits, limits, and credit exposure with visualization and reporting. Risk management solution includes fixed, indexed, formula-tier pricing, trade valuations, mark-to-market, position keeping, sensitivities, exposure and risk reporting.
EnHelix comes with built-in data warehouse system and Big Data Analytics. End-to-end first purchaser with lease contracts management, properties, logistics with run tickets, and division orders and revenue accounting. Manage inventories for build and draws.
EnHelix provides a dashboard to help balance supplies and obligations. Crude revenue accounting with settlement, prior period adjustments, sub-ledgers, and account receivables, account payable, and general ledger entries. Blockchain allows greater automation and transparency throughout supply-chain.
Leverage EnHelix built-in artificial intelligence engine to help drive profitable decisions and detect anomalies before they become a real financial problems. You can add your own special screens and unique business logics in minutes with Microsoft dot net technologies.
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