As a part of the EnerBridge product line Sierra’s Capital Project Builder solution which accommodates the needs to multiple LOBs has been extended to manage AFE for the Oil and Gas industry.
Capital Project Builder
CPB
Optimize Oil & Gas Partners with
CPB Solutions
Built utilizing SAP BTP the solution streamlines the master project setup process allowing for flexible Project definitions while working as an extension to SAP EPPM. WBS Hierarchies and Project Budgeting are easily built and maintained in Capital Project Builder and AFE with the option to insert any level of data into SAP PPM and Projects System using trustedand secure APIs.
The AFE extension of CPB manages external projects that require detail budgets with internal approvals powered by an AFE Workflow process. Once budgets have been approved there is a Partner Balloting process that tracks the participating and non-consent owners within the related JVA Equity Group. Once the Ballot process is complete AFE provides seamless integration to SAP for generating the Owner Cash Calls. SAP Analytics Cloud (SAC) provides robust analysis of AFE Budgets vs Actual data for comprehensive AFE management.
The AFE extension of CPB manages external projects that require detail budgets with internal approvals powered by an AFE Workflow process. Once budgets have been approved there is a Partner Balloting process that tracks the participating and non-consent owners within the related JVA Equity Group. Once the Ballot process is complete AFE provides seamless integration to SAP for generating the Owner Cash Calls. SAP Analytics Cloud (SAC) provides robust analysis of AFE Budgets vs Actual data for comprehensive AFE management.
Features
Simplifying Internal Project Budgeting
A streamlined solution for managing internal project budgets, CPB simplifies tracking, allocation, and forecasting to ensure efficient resource utilization and financial control.
Integrated AFE for Partner Projects
Integrated AFE streamlines external partner project budgeting and approval processes, ensuring transparency, efficiency, and alignment with organizational goals.
Dynamic WBS & Budget Templates
Dynamic WBS creation with the ability to save WBS
Budget Templates for use with other AFE projects.
Customizable AFE Workflow for Approvals
The AFE (Authorization for Expenditure) Workflow process enables customizable workflow routing and approval limits, allowing clients to define and streamline the approval process for project expenditures.
AFE Supplement Approval Process
AFE Supplements are additional funding requests that require necessary approvals before allocation to ensure proper budget control.
Owner Participation Tracking: Ballot Process
The “Initial and Non-Consent Ballot Process” tracks and categorizes property owners as participating or non-participating based on their consent status.
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Benefits
PDF Ballot Generation for Receipt Tracking
Ballot generation through PDF format for efficient receipt tracking, ensuring accurate documentation and easy retrieval of transaction records.
Automated Cash Call Generation in SAP
Automating the generation of Cash Calls in SAP through secure standard SAP APIs, ensuring seamless and efficient integration with financial systems for accurate and timely transactions.
SAC Analytics: Budget vs Actual with SAP APIs
SAC Analytics offers powerful Budget vs Actual comparisons, leveraging Standard SAP APIs to seamlessly integrate and analyze expense data, providing actionable insights for more accurate financial decision-making.
SAC Analytics: Real-Time AFE Project Costs vs Budget
SAC Analytics of daily cost estimate data to budgets for
up to the minute analytics of the expenses incurred for
the AFE project.
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