Optimize Your
       Return on Assets



International oil and gas venture management software used by hundreds of companies in more than 65 countries
 

 

Partner Relationship Management


Meet Partner Expectations


Embedding decades of experience and best practices, Partner Relationship Management is a purpose-specific solution for international and multi-national joint venture operations management.  IDEAS Partner Relationship Management provides a capability to manage multi-national ventures proven effective in decades of deployment around the globe. Partner Relationship Management modules include:


  • Joint Interest Billing
  • Authorization for Expenditure
  • Partner Accounts Receivable

Record the Business


  • Automatically track unbillable transactions for processing in subsequent periods
  • Automatically track advances and billings through partner accounts receivable
  • Adjust and re-process JIB as needed within a given period
  • Create intercompany and intra-company transaction journals for billing to related company owners
  • Define cutback accounting at the company, account and division/department level
  • Automatically bill costs upon reaching an agreed upon effective date
  • Establish user defined templates to control and facilitate AFE setup
  • Prepare AFE budgets by currency and specific account to accurately plan each project
  • Automatically generate AFE budgets in alternate currencies
  • Retain original AFE budget amounts while allowing up to ten supplements for each project
  • Define unlimited sharing arrangements for each AFE to accommodate different phases of the project life cycle
  • Close projects to prevent further charges
  • Capture data you need with up to 100 user-defined AFE fields and lists
  • Automatically capture committed amounts from source applications
  • Capture, value and allocate time through time writing feature
  • Prepare estimates to complete

Manage the Business


  • JIB in multiple currencies and bill each partner in their own currency
  • Establish unique division of interest for each AFE and billing arrangement
  • Automatically account for gross and net costs
  • Report project activity and compare budget to actual amounts expended
  • Inquire on AFE summary or detail balances and transactions
  • Obtain Time Writing billing value reports by project or by employee
  • Manage charges to closed projects
  • Manage the AFE approval process
  • Generate emails to internal and external AFE approvers
  • Manage late charges to closed projects
  • Review JIB pre‑invoice control reports prior to final invoicing
  • Prepare final JIB invoices with detail of all transactions and cost category totals for working interest owners