Calculate ROI for Execute AFE
In today’s fast-paced and competitive market, it’s critical to improve efficiencies so your teams can spend less time managing data and processes—and more time delivering strategic insights. Quorum’s Execute AFE allows E&P companies to streamline their entire AFE process, reducing mistakes and speeding up approvals. Leading companies are already raising AFEs faster, with fewer errors, while keeping tighter control over approvals. They also have the right tools to spot overspends and take corrective action quickly. Try our ROI calculator for a personalized estimate in just four steps, and see what your current processes may be costing you.
Execute AFE: Unlocking Efficiency
As the industry’s top AFE management platform, Quorum’s Execute AFE optimizes workflows and provides integrated AFE management and reporting. Part of the comprehensive Execute application suite, it streamlines AFE creation and approval processes, ensuring timely and thorough reviews that align with your corporate capital control policies. By integrating capital management and tracking, Execute AFE bridges the gap between operations and accounting, offering real-time visibility into project spending.
With its configurable workflows and flexible integrations, Execute AFE enhances traceability and significantly reduces unnecessary data entry. Users report up to 75% faster approvals, freeing up valuable time for more important tasks.
Seamless Data Flow with Execute AFE’s Integrations
Strong integrations are key to ensuring data moves seamlessly between systems. Execute AFE enables increased visibility into AFE spending, more accurate financial forecasting, and better decision-making, while minimizing errors.
Execute AFE connects AFEs with accounting, drilling, and well management systems, providing real-time visibility into budget vs. actuals for AFE owners, accounting teams, and well operations. With all data accessible in a single, user-friendly tool, you can eliminate the need for manual data consolidation in Excel. Plus, fewer cross-department handoffs mean more focus on managing assets.
Out-of-the-box integrations between Execute’s modules, as well as other Quorum applications—like On Demand Accounting, On Demand Well Operations, Val Nav, and Enersight—enhance collaboration between Operations, Accounting, and Planning teams. Capital controls are reinforced by linking AFE management with budgeting tools. Execute AFE also includes a robust set of APIs to fit seamlessly into your existing systems, further reducing discrepancies.
Case Study: Range Resources Transforms AFE Management
When companies adopt more efficient tools, they unlock the potential for faster processes, better data, and stronger team ownership. Want to see how companies are benefiting from Execute AFE? Range Resources, a leading independent U.S. production company, saw significant improvements after adopting Execute AFE.
Learn more about their success by reading the full Range Resources case study and press release.
Calculate Your ROI with Execute AFE
Curious about the potential savings for your organization? Try our ROI calculator for a personalized estimate. In just four simple steps, you’ll get a detailed report outlining the cost savings your organization could achieve by implementing Execute AFE. Make an informed decision by understanding the full impact of adopting this powerful tool.