P2 AFE helps you expedite the AFE creation and approval process and control project overspend by providing instant visibility into what you spend on each project.
P2 AFE’s highly flexible, mobile-accessible, and fully auditable approval workflow tools allow for minimal administration of authorizations for expenditure approvals and balloting. Out-of-the-box, two-way integration with P2’s accounting solutions enables the smooth flow of data that is consistent across the organization. P2 AFE can also integrate with third-party drilling and completions applications.
Bill in the Eagle Ford doesn’t care about Carrie’s projects in the Williston ... we get that. With 'My Dashboard', users only see the projects that matter to them.
Wouldn’t it be great if you could approve and ballot authorizations for expenditure from your mobile device? Now you can. With P2 AFE, users and working interest partners can sign in to P2 AFE’s secure, mobile web app to review, approve, and even ballot AFEs. Apple and Android devices are supported, and the AFE mobility access is managed by an administrator.
Integration with P2’s own Excalibur and BOLO solutions means support, upgrades, and new integration features from one vendor. Integration with third-party D&C solutions allows for the three-part integration between drilling and completions, office operations, and finance and accounting teams.
Bringing a user-friendly user interface to an AFE system is key to daily usability. A decade’s worth of customer feedback guided P2 AFE’s design. Features like smart AFE numbering and flex fields make it the easiest-to-use, most powerful solution on the market.
Templates & Copying
Keep using a similar AFE? No problem. With P2 AFE, create a template from that AFE and define the commonly used data – from the workflow of reviewers and approvers to the authorization for expenditure estimates. That way, you don’t have to spend time recreating the same thing over and over.
P2 AFE comes with a host of powerful reports that bring visibility to your projects. AFE Variances (AFE budget vs. field estimates vs. actuals), AFE Trends, Non-Operated AFEs, AFE Accruals, AFE Budgets, and Interop History are just a few of these reports. You can also drag and drop, filter, and group within a report.
Are you operating internationally or based outside the U.S.? Not a problem. Just set your reference currency, import exchange rates, and let P2 AFE do the rest. AFE projects in Canada, U.A.E, and Colombia can all be managed in the same place.
Sometimes a view into your operations is all you want (we’re looking at you, C-suite!). Optional with P2 AFE, the P2 AFE Explorer pack comes with pre-configured dashboards for the planning, budgeting, and approving of AFEs. Use the dashboards to visualize project health by area and project as well. Additional dashboards can be configured by an administrator or by P2’s services team.
Tool tips help users learn as they go. Acquisitions are easily managed with the Excel data-load template readily available in the Data Load tools section. Security is managed via permissions wrapped by roles that can be specified by areas or business units.
Flexible & Convenient Workflow
Backed by flexibility and automation, P2 AFE helps you spend less time creating and managing workflows and more time on managing projects.
Dialed-In Cost Control
P2 AFE makes it easy to enter data via Excel, financial system, or D&C system integration and simultaneously track project costs against the AFE budget, enabling you to keep projects on time and on budget.
Having one vendor for multiple solutions helps P2 customers operate more efficiently and prevents a lot of stress within IT departments.