EnergyCONNECT AFE Management

Increase visibility and gain greater control over costs. EnergyCONNECT Authorization for Expenditure allows your business to set up and control capital expenditures by measuring actual against budgeted costs on both a gross and net basis.

 

Features and Benefits

  • Track and maintain the scope, estimate and schedule for Authorizations for Expenditure. One AFE can be linked to multiple cost centers. This solution allows you to easily manage the spending controls on purchase orders to ensure that there is sufficient funds within the AFE before the PO is confirmed with the vendor.
  • Energy CONNECT Authorization for Expenditure can be integrated with corporate budgets to allow companies to view overall finances and reporting. You can also track supplements or revisions to AFE’s with approval tolerances and audit trails. Automated workflows simplify the process.

EnergyCONNECT

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Oilfield Rentals

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