Joint Venture Accounting Software

Comprehensive cost allocation, transparent recovery

EnergyFlow Joint Venture Accounting & Cutback Automation: Accurate cost allocation calculations in complex JV environments

Joint venture accounting within the Upstream Oil & Gas sector often overwhelms the existing core finance function. By deploying our sector-specific application, your accounting system is supported by integrated data. By streamlining approval and billing workflows, stakeholders can be assured that figures are accurate and recovery is efficient.

EnergyFlow Joint Venture (JV) Accounting and Cutback Automation is a fully configurable system which can be moulded to your individual business needs.

Download a datasheet

EnergyFlow delivers accurate and auditable allocation of costs & creation of Joint Venture Interest Billing statements for cost recovery.

Optimise, monitor and better control your Joint Venture processes using EnergyFlow.

Gain the flexibility to handle different accounting and analysis structures and complex partner share allocations.

Download the Datasheet

Simplicity for complex Joint Venture environments

Users define partner share and automate cost allocations based on rules defined for each JV project.

Automated processes then control adjustments and keep allocations accurate throughout the cutback process.

We also enable users to set the cap-out value, the carry amount, still enabling ownership and equity changes.

The system’s easy-to-use web-based reporting capabilities provide a full audit trail of all transactions allowing users to track every detail in real time.

This in turn enables fast and accurate reporting to partners and generation of JV billing statements following approval.

Streamlined workflows save time and speed up cost recovery.

JV billing statements and invoices are generated by the system, following automated user-defined approval processes before release.

Key features and benefits

Maintenance of venture data including equity share

Seamless integration with Infor SunSystems ledger

Full transaction history & audit trail

Automated JIB production & billing

Optional workflow approval of equity changes and cutback journal postings

Automated calculation of cutback, review & journal posting

Online real-time reports & enquiries

Download the Joint Venture Accounting Automation datasheet

EnergyFlow delivers accurate and auditable allocation of costs & creation of Joint Venture Interest Billing statements for cost recovery.

Useful reading...

Blog

Streamlining financial operations & keeping the Oil flowing..!

Streamlining financial operations & keeping the Oil flowing..!

A volatile oil price, capital intensive projects and constant change in regulation means that oil and gas companies are constantly…

Read more

Blog

TouchstoneEnergy recognised as global Infor Oil & Gas partner

TouchstoneEnergy recognised as global Infor Oil & Gas partner

TouchstoneEnergy are now the only global Infor partner with the following specialisations in Oil and Gas

Read more

Blog

Companies spending too much time and money on their AFE processes

Companies spending too much time and money on their AFE processes

Streamlining AFE processes helps to reduce costs and aid compliance for companies in the oil and gas industry.

Read more