Joint Venture Accounting Software
EnergyCONNECT Joint Venture Accounting Software
EnergyCONNECT facilitates accounting and communication for Exploration and Production companies to help manage the complexities of a high-risk business environment, difficult scope expenditures, high investment costs, and long lifecycle cost-to-benefit and return on investments with assets and reserves.
Integrating project management, budgets and costs with your corporate financials from initial drilling through to production allows upstream and midstream companies to effectively invoice and pay partners, manage cost centers, control expenditures and drive efficient business processes.
Our revenue accounting module is the only oil and gas revenue distribution module that works seamlessly with Microsoft Dynamics 365. From cash receipts to final settlement, this scalable solution manages the revenue distribution process for upstream companies, including cash receipts, division of interests and owners’ interest. It helps report revenue for various properties, record the ownership for the various products and deductions associated to the cost center and record the owner’s interest at a detail to support disbursements and required reporting.
By handling the JIB, DOI, AFE, Revenue Accounting and improved automation of core applications such as Enterprise Asset Management, Procurement and land systems, EnergyCONNECT Joint Venture Accounting can better manage the various stages of operation. Our Joint Venture Accounting solution assists in developing flexible, date-effective divisions of interest and supports account-based exceptions for joint venture transactions.
- Easily establish and enforce accounting processes based on your unique business policies
- Drill down by property or cost center
- Create and track owner communications simply and easily
- Revenue distribution module in Dynamics 365 for US upstream companies
- Automatically store records in Dynamics 365 for Finance & Operations
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Why MCA Connect?
MCA Connect has worked with some of the world’s largest oil and gas companies for over 20 years and has long been recognized as a leading Oil and Gas partner by Microsoft. We take pride in consistently delivering innovative solutions that save energy companies millions of dollars.
A key differentiator in working with MCA Connect to implement your modern Energy solution is our tight industry focus, but wide set of service offerings. Our deep knowledge of both the product and the oil and gas industry enables us to find hidden opportunities only made possible through things like IoT devices and industry accelerators.