Budget and Capital Management Solution

A large oil and gas company was experiencing difficulty in consistently meeting annual forecasts for all targets.  The company could often meet their targets for production but not for reserve or asset growth, or for revenue but not for operating costs. A budget and capital management system  was developed allowing this producer to more effectively forecast operating budgets, plan and manage capital investments, analyze performance and make adjustments accordingly in ‘near real time’. This business solution helped the organization monitor their spend and resulting performance so that operational decisions and actions could be taken in time to ensure targets for reserve additions, revenue and production could be met as forecasted.