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Accounting |
Manage complex ownership distribution and financial reporting |
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Land |
Track leases and properties, fully integrated with accounting and land |
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Production |
Record, track, allocate and report produced volumes for energy products |
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Financial management for the energy industry has become an increasingly complex challenge. With new ventures formed to maintain competiveness, the challenge is to manage growth as well as to maintain flexibility to accommodate new deal structures. Energy companies need to be able to quickly respond to change, as well as needing strong resource planning, operational efficiency and effective financial management to stay viable and develop a competitive advantage.
From Chaos to Confidence. Energy companies, including Oil and Gas producers, face a number of tough business challenges, including:
- Managing and reconciling a large amounts of disparate data, from multiple data formats and sources.
- An exploding number of complex transactions.
- Remote regions and currency differences.
- Too much data, too little business insight.
- Complex regulatory and reporting requirements.
About WellPoint Systems. As the premier provider of enterprise applications and related services for managing business
in the global energy sector, WellPoint Systems answers these challenges. Our diverse product
line reaches across boundaries from upstream to mid-stream. WellPoint is the only enterprise
solution provider on the Microsoft Dynamics AX business software platform targeting global
energy companies.
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BOLO 3-minute video.
This video addresses how to leverage BOLO to automate the complex business process requirements in oil and gas.
Learn more on staying competitive and compliant.
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