The Vertex Production and Revenue Accounting System is a comprehensive suite used to manage the flow of petroleum products from wellhead through gathering and refining processes to disposition and contract or spot sale. Highlights and key features include:
- Comprehensive modules to guide you step by step, from field input through to sales contract allocation at the pipeline meter station, and all regulatory reporting
- Single integrated process; no external worksheets
- Interfaces to import and validate production volumes and analysis data
- Facility models are tailored to the field configuration and specific operating agreements
- Seven product allocation methods at the component level
- Fuel allocations: both in-stream and out-of-stream handling; based on all or selected components; applied to all or selected streams
- Product streaming by owner provides for selectively directing streams to a specific facility or other destination
- Special contract types direct owner/streams to injection or storage facilities
- Sales contracts are managed efficiently at the producer- group level
- Plants can balance deliveries to multiple pipeline meter stations
- Liquids inventories are managed by owner by component
- Regulatory reporting and pipeline splits are previewed and verified prior to submission
- Global update tools are included to efficiently handle changes in ownership
- Special-purpose tools to manage and process amendments with ease
- Seamless integration with related business applications
- Financial accounting transactions are created and available for import by any financial system
- Quality Assurance analysis and reporting tools result in fewer amendments, and a more satisfying and rewarding role for staff
Use these links to learn more about Vertex's Upstream Oil and Gas accounting solutions and the value for your business
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