Meet Partner Expectations with IDEAS Partner Relationship Management

Embedding decades of experience and best practices, Partner Relationship Management is a purpose-specific solution for international and multi-national joint venture operations management.  IDEAS Partner Relationship Management provides a capability to manage multi-national ventures proven effective in decades of deployment around the globe.  Partner Relationship Management modules include:

•  Joint Interest Billing
•  Authorization for Expenditure
•  Partner Accounts Receivable

Record the Business

• Automatically track unbillable transactions for processing in subsequent periods
• Automatically track advances and billings through partner accounts receivable
• Adjust and re-process JIB as needed within a given period
• Create intercompany and intra-company transaction journals for billing to related company owners
• Define cutback accounting at the company, account and division/department level
• Automatically bill costs upon reaching an agreed upon effective date
• Establish user defined templates to control and facilitate AFE setup
• Prepare AFE budgets by currency and specific account to accurately plan each project
• Automatically generate AFE budgets in alternate currencies
• Retain original AFE budget amounts while allowing up to ten supplements for each project
• Define unlimited sharing arrangements for each AFE to accommodate different phases of the project life cycle
• Close projects to prevent further charges
• Capture data you need with up to 100 user-defined AFE fields and lists
• Automatically capture committed amounts from source applications
• Capture, value and allocate time through time writing feature
• Prepare estimates to complete

Manage the Business

• JIB in multiple currencies and bill each partner in their own currency
• Establish unique division of interest for each AFE and billing arrangement
• Automatically account for gross and net costs
• Report project activity and compare budget to actual amounts expended
• Inquire on AFE summary or detail balances and transactions
• Obtain Time Writing billing value reports by project or by employee
• Manage charges to closed projects
• Manage the AFE approval process
• Generate emails to internal and external AFE approvers
• Manage late charges to closed projects
• Review JIB pre‑invoice control reports prior to final invoicing
• Prepare final JIB invoices with detail of all transactions and cost category totals for working interest owners