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Planning & Reserves: Capital Management

This video showcases how Aucerna Execute – Capital Budgeting and AFE Modules can be used to streamline the Capital Management process of any Oil and Gas company. Anyone looking to streamline their current capital management workflows and looking to get a better handle on capital in their organization while being more agile and able to pass audits with ease must watch this video.

The workflow presented will move from Business Plan to a Budget and will capture the timing and capital which is approved and locked down. From there, AFE’s are raised, reviewed, and approved. Actuals and Field Estimates are loaded from source systems and Accruals calculated. Reforecasting occurs each month to keep an evergreen view on spend and identify capital issues before they become a real problem.

Key Takeaways:

  • Creation and Approval of a Capital Budget
  • Management of AFE’s against the Budget
  • Tracking Actuals, Field Estimates, Calculating Accruals
  • Easily Reforecast Project Spend
  • BI Dashboards and Management Reporting