RES’s AFE (Authorization for Expenditure) Manager
and capital tracking software allows for increased efficiency, control
and accountability providing internal controls over capital spending.
Built on the Wellman.NET framework, using the Public Petroleum Data
Model with an N-Tier architecture.
View AFE Features & Benefits (PDF)
RES provides the most advanced and flexible AFE Management system available, improving your corporate and fiscal governance and compliance.
Capital Tracking Solutions
RES provides superior efficiency, control and accountability to your capital spending, with built-in process documentation, user-security and an instant tracking of approvals.
Streamline AFE Creation, Approval, Routing and Tracking
AFE Manager will streamline your approval process and improve cost tracking. AFEs can be generated quickly with our AFE Wizard. Within minutes, your AFE is routed with electronic signature for review and approval.
AFE Manager will track your field costs, and pull actual dollars invoiced from accounting. At any point throughout your project, you will be able to compare accounting actuals to original AFE estimates. Create revisions, corrections or supplemental AFEs. Track the status of any AFE at any time.
Mail Ballots
Track mail ballot partner approval & dates and receive notification when the AFE has elapsed/expired and partner approval has not been received.
Protection Against Unauthorized Spending
Enhances user security and permissions controls against unauthorized spending. Manage security, with specific user privileges, and corporate authorization rules and procedures. Corporate hierarchy approval limits ensure corporate governance.
Document Management
Manage all your documents by storing or linking files or folders to your network within each AFE.
Corporate Compliance
AFE Manager enables complete SOX and C-SOX compliance. Track all changes within your system and pass any audit.
Unsurpassed AFE Reporting
Use AFE Manager to generate standard reports, including accruals, variance, cost code comparison graphs, spending limits, roll-ups or create your own custom reports and graphs. Quickly export any report to .xls, .html, .csv or .pdf format. Connect AFE estimates and actual spending. Access capital spending summary reports or review approval information by project dates, authorization and AFE estimates.
N-Tier Data Architecture for Seamless Data Integration
Using the PPDM (Professional Petroleum Data Management Association) data model, and out N-Tier open architecture, you can seamlessly exchange AFE information with accounting software, estimating systems, proprietary databases and document management systems. Eliminate redundant data entry, and reduce the possibility of errors. Our N-Tier architecture allows for AFE management within the AFE Manager application, over the internet or on your PDA.
Alerts
Users may receive email notifications if an AFE or project becomes overspent or over budget above a certain percentage.
Dashboards
A dashboard gives an at-a-glance look of the active AFEs and whether they are on target, or to what degree the AFE is overspent.
Interoperability
The AFE Module may be linked to your field data capture systems (Wellman) or accounting systems to import booked costs.
For more information or to arrange a product demonstration, please contact an AFE Manager Representative at (403) 245-0220 or info@resourceenergysolutions.com.
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