“The production accounting people were so excited when they began testing and saw jobs that used to take five hours finished in 20 minutes. Our accountants now have the time to do deeper analysis of the results.”

Connie Dean-Milino, VP Finance
SemCAMS

Better information. Better customer service. Better business results.

Operators of large, complex gas gathering and processing facilities need integrated production and plant accounting systems to deliver service that meets the demanding requirements of today’s customers. Vertex has developed and implemented its Production Accounting System at some of the industry’s most complex gas processing facilities. One operator achieved measurable, permanent savings of more than 15% of total business unit costs. Intensive scrutiny of Vertex systems by major international auditors has provided confirmation of the business value for midstream operators. Implement the modules according to your priorities, adding new modules as plans unfold.



  • Electronic import, validation, and populate
  • Can be managed for non-operated owner and contract allocation
  • Comprehensive reporting to Fee accounting, measurement analysts, and plant engineering
  • Flexible contract priorities across multiple pipeline delivery points
  • Internet-based reporting to producers/owners at component detail
  • Accounting transactions
  • Treasury & bank
  • Financial analysis & history
  • taxes and other assessments
  • Amortization
  • Electronic distribution of billings
  • Built-in quality assurance tools ensure reliable information
  • Time saving features allow focus on value-added analysis
  • Reduce the incidence of audit challenges and rework projects
  • Enhance reputation with owners and regulators
  • Direct “line of sight” to customers
  • Distribute verifiable production, sales, and inventory results to owners promptly
  • Improve relations with all stakeholders
  • Enhance reputation as a competent, reliable operator
  • Customized information to individual / team requirements
  • Focus on strategic, core activities
  • Meet regulatory requirements in any processing jurisdiction
  • Streamline operations with built-in business best practices
  • Verifiable savings in G&A costs
  • Retain quality staff

 

Use these links to learn more about Vertex's Midstream Production Accounting solutions and the value for your business.