“Vertex staff members know both system development and the business of oil and gas. Their knowledge base and years of real-life industry experience were key success factors for us to implement our system on time.”

Kevin Elliott, Production Revenue Project Manager
BP (Formerly Amoco Canada)

Better Processes. Better Information. Better Results.

Vertex delivers reliable, sustainable business systems for some of the largest, most complex upstream operations in the industry. The Vertex team of information systems and petroleum industry specialists provide integrated, turn-key solutions to drive improved corporate performance. Intensive scrutiny of Vertex systems by major international auditors has provided confirmation of the business value for upstream and midstream operators. Implement the modules according to your priorities, adding new modules as plans unfold.


  • Mineral and surface
  • Contracts/agreements
  • Full title history
  • Manage rental
  • Manage acreage change
  • Manage expiries/disposals
  • Cross-reference related assets
  • Pre-defined and ad hoc reporting
  • Manage AFE lifecycle
  • Capital budgets
  • Project performance
  • Cross-reference related assets
  • Electronic approval process
  • Manage assets by tax class
  • Import and validate FDC volumes and analyses
  • Full function for both operated and non-operated properties
  • Production volumes by stream-owner
  • Plant product allocation by component
  • Sales contract allocation
  • Revenue and royalty accounting
  • Accounting for revenue, royalties, and deductions
  • Comprehensive regulatory reporting
  • Internet based reporting to owners and transporters
  • Ad hoc and history reporting
  • Wells, zones, gathering, plants, units
  • Operations planning and  budgeting
  • Performance & forecast reporting
  • Comparative and statistical analyses
  • Ad hoc and history query and reporting
  • Management reporting tailored to users
  • AR & AP management
  • Accounting transactions
  • Treasury & bank operations
  • Joint interest operations
  • Capital & Operations overhead & accruals
  • Expense allocation from central cost-centre
  • Amortization processes
  • G/L and subledger/project analyses
  • Extensive pre- and post-close reporting
  • Built in quality assurance tools ensure reliable information
  • Time saving features allow more focus on value-added analysis
  • Timely, actionable information to managements’ desktops
  • Customized to individual team member requirements
  • Meet regulatory requirements in any producing jurisdiction
  • Streamline operations with built-in business best practices
  • Measurable savings in G&A costs

 

Use these links to learn more about Vertex's Upstream Oil and Gas accounting solutions and the value for your business.