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Cost Center Management |
Management of capital budgets and division of interest. |
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Joint-Venture Partnerships |
Integrated view of joint-venture partner billing and control costs. |
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Division of Interest |
Record, track, allocate, distribute, and report sales revenue for energy products. |
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Financial management for the energy industry has become an increasingly complex challenge. With
new companies and ventures created between existing organizations, the challenge is to manage
growth as well as maintain flexibility to accomodate change. 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 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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Integrated Financial Management for the Energy Industry.
Created in conjunction with Microsoft, this paper addresses business challenges
faced by companies in the energy industry.
Learn more on staying competitive and compliant.
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