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Description
Oil prices can fluctuate significantly, but the precision of your project budgeting must remain consistent. Resource Energy Solutions' AFE Manager is tailored to enhance the efficiency of budget formulation and to support meticulous tracking of costs along with expenditure approvals. Users can rapidly create AFEs by utilizing standard drop-down selections, copying data from spreadsheets, and linking necessary electronic documentation. With the capability to align spending authorizations with your organization’s hierarchy, the AFE Manager safeguards against budget overruns and unauthorized expenditures. It also simplifies the management of information related to joint operating ventures. When integrated with Wellman, AFE Manager provides a comprehensive system that encompasses all aspects of in-field cost tracking, budgeting, and expenditure authorization throughout the entire project lifecycle. Additionally, this integration plays a crucial role in identifying potential bottlenecks, equipping management with timely insights necessary for prompt decision-making. This ensures that projects stay on track and within budget, fostering financial accountability.
Description
This application serves as a comprehensive web-based budgeting and integrated spend management solution, along with offering additional features! Initially developed as a desktop budgeting program for Windows, it has transformed into a sophisticated cloud application for managing project budgets and expenditures. The core of this tool lies in the seamless integration of project budgets with purchase order monitoring, ensuring that all spending is meticulously tracked. The example of the tree structure demonstrates how Purchase Order objects (PO records) are organized hierarchically. All financial elements ascend from the POs (represented in green) to Projects (shown in wheat), then to Accounts (depicted in blue), and finally to Budgets (illustrated in grey). This structured financial framework is established by the Team, which includes the Admin, Project Managers, and Vendor contacts, who collaborate to create an initial budget framework. They work together in real time to generate new POs, approve costs, issue purchase orders, and monitor all invoices along with any changes throughout the lifecycle of the POs, ensuring a streamlined financial management process. With this integrated approach, teams can enhance communication and efficiency in their budgeting tasks.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$1495 one-time payment
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Resource Energy Solutions
Founded
1995
Country
Canada
Website
www.resourceenergysolutions.com/afe-manager/
Vendor Details
Company Name
Spicer-Baer Associates
Founded
1998
Country
United States
Website
spicer-baer.com/cloud-tracking-solutions/
Product Features
Oil and Gas
Compliance Management
Equipment Management
Inventory Management
Job Costing
Logistics Management
Maintenance Management
Material Management
Project Management
Resource Management
Scheduling
Work Order Management
Product Features
Budgeting
"What If" Scenarios
Asset Planning
Balance Sheet
Capital Asset Planning
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement
Project Budgeting
Run Rate Tracking
Version Control