Integrated Oil and Gas Marketing Solution
Solution Functionality
Ground-breaking integrated software solution
Energy Broker enables multi-commodity deals, forecasting, scheduling, nominations and contract settlement – in multiple languages and currencies.
Business processes supported within ENB include:
- Production forecasting
- Aggregation of field supply
- Production from producer-owned properties
- Production from marketed properties
- Purchased volumes
- Transfer or exchange volumes
- Storage and inventory
- Nominations
- Scheduling
- Actualizing
- Settlement – generating all source documents and related journal entries
- Invoicing
- Facility charge invoice
- Producer statements
- Net back statements
- Net out statements
- Payments
- Financial reports
- Credit analysis to control approval of pending deals and contracts
- Inventory valuation
Application tools include:
- Role-based analysis and reporting with customizable metrics and display options (charts, graphs, grids, etc.)
- Alerts with web based notification options
- Document management
- Currency conversion
- Unit of measure conversions
- Import/export template for all source data files
- Workflow
Record the Business
- Import daily or monthly pricing data from published bulletins, indices or your company- specific price schedules
- Import transactional detail, volume availability, actuals and financial information from spreadsheets with full validation
- Capture transactions in any currency or unit of measure and utilize embedded conversions for accurate financial reporting, invoicing and payment
- Utilize LIFO, FIFO, weighted average valuation methods for inventory valuation
- Use daily, average, monthly exchange rates or spot rates for currency conversion
Manage the Business
- Retain all historical data, denominated in any number of currencies, for comparative reporting
- Trace every transaction to its source document
- Evaluate variances between historical production and current month availability to assist in transactional decision making
- Understand your daily contractual, inventory, imbalance commitments
- Prepare accurate settlement documents and ensure timely journaling