Oil and gas production accounting can have many obstacles before being successful. Cloud-native software like EnergySys has many of the features that remove these limitations for you and your business.

Legacy software has had its time, but technology developments over the last decade have begun to make these systems redundant. Consider these features and whether your legacy software can compete.

We believe in software that is built with the user in mind. Cost-effective cloud-native software built on open standards gives users a wide range of capabilities.

The future of oil and gas production accounting lies in better data management, beginning with these features. Take full advantage of what low code cloud software has to offer.

The features

Configurability 

Your system should be 100% configurable. All without needing to programme calculations or functionality directly into the software. You should be able to build an application to suit your assets and agreements. It shouldn’t be hard to update and modify this as your operation evolves.

Many of our users configure their own applications. Our partners have also built some powerful template applications. Our cloud platforms hosts these applications. These represent a comprehensive solution for production allocation and reporting, loss management, deferments and forecasting.

Upgrades 

Upgrades should be included without additional charge. Legacy solutions often don’t offer this as an option. Upgrades should be regular and not interrupt your normal operation. You should be able to log-on and use your applications as before, but with improved functionality.

Operating on an annual subscription, which includes everything you’ll need throughout your service, is better for your business. That’s why EnergySys offers everything upfront, with upgrades included and no hidden fees.

Open Reporting 

You should be able to build powerful and useful ad hoc reports and dashboards. Open data standards are critical. They mean that your reporting is more flexible, offers more effective data sharing, and more choice.

You should be able to work in your choice of reporting environment using your own templates. Analytics shouldn’t be a costly add-on; it should be open data combined with your preferred tool.

We built EnergySys on open data standards, creating secure energy production reporting software. We support choice and we don’t force you to use any particular reporting product.

By building on the OData open web standard, you can choose from various products. You can choose from products like Microsoft Excel or Power BI or Tibco Spotfire. These allow you to build powerful dashboards and ad hoc reports.

The result is more flexibility, more effective data sharing, and more choice. Analytics isn’t a costly add-on, its open data combined with your preferred tool.

Visibility 

You must be able to access information quickly and easily. It should be available anytime from anywhere and from any device. All users need is a web browser and a secure internet connection and they have complete access to their solution.

There should be no frustrating data black boxes. In EnergySys, downloadable Excel calculation logs make it easier than ever to identify and fix anomalies. A complete audit trail and version history should be readily available whenever you need it.

Auditability 

Every change and interaction with EnergySys is logged. So, a complete audit trail and version history is readily available whenever you need it. The system also logs every calculation in Excel.

Users can download and easily access these logs. You can then identify and fix anomalies far more efficiently.

Many issues in any industry come down to bad data. Working out exactly where issues arise cut down risks, errors and speed up manual processes.