P2 Enterprise Upstream
Enterprise Upstream has been shown to drive increased and predictable results across organizations. EU is an integrated field to financials solution designed to help large and growing upstream companies manage their production, revenue and cost functions in a consistent, auditable, and repeatable manner that drives down cost, ensures regulatory compliance and provides production and financial visibility across the operation.
Features
Unconventional & Shale Management
Enterprise Upstream provides an edge for unconventional operators through cost containment and LOE and AFE management, improved data access through a single global instance and web based analytics, and efficient management of high number of wells and transactions through automated and integrated processes.
Field to Financials in a Single Solution
Enterprise Upstream provides a single source of truth and standard processes across operations, geographic areas, and business units, reducing spreadsheets and increasing auditability and accuracy of data and improving decision support to maximize margins and operational efficiencies.
Growth Capabilities
Enterprise Upstream’s oil and gas configuration capabilities, solution architecture, and security and audit controls lays a foundation for growth. Not only does Enterprise Upstream offer the field to financial functionality you require, you will also never have to worry about scalability of transaction counts, with clients processing over a billion transactions annually, or audit controls, due to the deep functionality including row level audit capabilities.
Interoperability
P2 offers integrated workflows across the front and back office including P2 Land division order and lease management laying the foundation for revenue distribution and JVA management. Additionally, tight integration of accounting AFE with operational field based AFE creation, approval, and review. Reducing AFE overspending by providing the operational team with real time view into AFE budget, field estimates, and actuals from accounting.
Benefits
Finance
Accounts Payable, Accounts Receivable, General Ledger, DD&A.
AFE Capital Management
Control capital project spend through AFE budgeting, approval, and tracking budget against field estimates and actuals.
Revenue
Value and distribute revenue based on ownership and contractual obligations. Manage regulatory for federal, state, and Indian owned lands.
Audit, Control, & Security
Full before record capture, validation at data entry, role based security, source documents attachments.
Joint Venture
Invoice partners for shared costs based on ownership and agreements.
Reporting
Financial reporting using interactive reporting, drilldown, and data extracts. LOS - Lease Operating Expenses.
