AFE Manager Description
Although oil prices are volatile, accuracy in project costs should not be. Resource Energy Solutions' Authorization For Expenditure Manager (AFE) is designed to simplify budget creation and allow for cost tracking and approvals. AFEs can quickly be created by using standard drop-down menus, copying and pasting from spreadsheets, as well as linking electronic supporting documents. AFE Manager allows you to adapt spending authorization to fit your company's hierarchical structure. This will help protect you from overruns and unauthorized expenditures. Easy management of information for joint operating companies. Wellman integrates seamlessly with AFE Manager to create an end-to-end system that covers all activities of in-field cost tracking and budgeting as well as expenditure authorization procedures throughout the project's life cycle. It helps to identify bottlenecks and gives managers the information they need to quickly take action.