COMS Overview

COMS (Cost Management Solutions) is integrated and works in tandem with EMPACT. COMS enables streamling and automating of budget creation, approval, and expenditure tracking. The comprehensive audit trail for each entry in the system satisfies the compliance requirements under Sarbanes-Oxley for Canada and the United States.

EMPACT + COMS combine to create software that covers a wide range of in-field data tracking tasks, and a detailed budgeting and expenditure control system. To gain a true understanding and appreciation of their synergy, we encourage you to call us for a demonstration. If you have any questions, please call 403-245-0220 or e-mail us at info@resourceenergysolutions.com. We appreciate your interest in our products and we look forward to hearing from you soon.

COMS Sell Sheet (830 KB)

COMS Benefits

A main benefit of COMS is the ease and simplification of the budget creation process. Once the budgets are established, the system helps with the line-item cost approval and expenditure tracking process. The information detail and audit trail also provide a basis for Sarbanes-Oxley US and Canadian compliance.

Control over Expenditures

• Manage costs while saving time and money
• Produce comprehensive reports for comparison and analysis
• Produce daily reports that quickly deliver data to those who manage the operations
• Improve budget approval status, i.e., identify the source of delays in the approval process
• Provide built-in security, preset rights, and spending limits
• Protect against unauthorized spending and reduce cost overruns with built-in security and preset user rights

Reporting and Managing Costs

• Improved decision making through daily report updates
• Quick identification of the source of bottlenecks

Easy Set-up and Improved Fiscal Information

• Easy to use and integrate into any IT environment
• Quick ramp-up and implementation with support access for all users, while minimizing IT and support costs
• Improved corporate accounting, minimizing the risk of fiscal responsibility and director liability, and increasing board confidence in corporate and fiscal operations

COMS Features

COMS is integrated and works in tandem with EMPACT. COMS streamlines and helps to automate the budget creation process. It controls and tracks budget approval and expenditures. The detailed nature of the data enables a clear audit trail for each entry in the system.

Spending Control and Authorization

• Create detailed line-item budgets by using either built-in templates or templates customized to the user’s GL accounting system
• Integrate data and functionality into the capital planning and budget system
• Compare budgeted to field-cost estimates to actual costs linked directly into your budget and accounting system to streamline the internal budget and accounting processes
• Enable daily reports and control of budgeted and actual expenditures
• Adapt to any company accounting environment and handle multiple projects
• Import contracts and agreements from any internal system

COMS is a flexible reporting system that generates standard or custom reports including accruals, variances, summaries, and much more.

Security and Workflow

• Add employee spending limits and assign delegates
• Protect against unauthorized spending with built-in security and preset user rights
• Add digital signatures, user-security, and a digital audit trail of all approvals
• Enable electronic routing to reviewers and approvers
• Use change tracking and audit trails, and monitor compliance and database changes
• Manage document storage easily in the AFE database or link to documents from your network
• Have complete document management – store all related documents in one place for quick access from the office network

Support and Compliance

• 24/7 support includes server monitoring, call tracking, and logging using RES’ ‘Software as a Service’ gateway
• A comprehensive audit trail for each entry in the system aids in meeting the compliance requirements under Sarbanes-Oxley for Canada and the United States

COMS Screenshot Gallery