Designed for Power and Flexibility

IDEAS Financial Management provides a multi-currency, multilingual, multi-entity, globally compliant accounting solution for domestic and multinational oil & gas operators.  Based on a PriceWaterhouse Coopers system design, IDEAS provides the benefits of a uniquely flexible architecture and uniquely powerful reporting capability.  Financial Management modules include:

• General Ledger
• Budgeting
• Allocations
• Currency Management
• Fixed Assets
• Spreadsheet Link
• Commitment Accounting
• Account Reconciliation

IDEAS Financial Management enables you to:

Record the Business

• Import financial information from spreadsheets with full validation
• Establish any number of operating , revenue, production and statistical budgets denominated in any number of currencies
• Define allocation rules to allocate cost among AFE’s, cost centers, cost objects, companies and group these rules into sets for multi-step  allocations
• Import any number of transactions in any currency as  the cost basis of an asset
• Use daily, average, monthly exchange rates or spot rates for currency conversion

Manage the Business

• Retain all historical data, denominated in any number of currencies, for comparative reporting
• Trace every transaction to its source document
• Calculate depletion,  depreciation and amortization in accordance with local requirements
• Understand your committed costs in addition to your expended costs
• Prepare accurate, automated reconciliations and reconciliation work papers