CapEx Data QC
Capex data qc
Review coding accuracy with ease.
The entire organization relies on accurate cost data and manual reviews can be grueling. Velocity Insight’s team used their operational accounting knowledge to develop a dashboard to quickly view CapEx spend and easily visualize coding inconsistencies. This QC process can lead to more accurate accruals, cleaner JIB statements, a refined budget process, and less noise in the data.
How does it work?
And why do I need it?
VISUAL AND AUTOMATED
The Velocity Insight CapEx Data QC dashboard is designed to automatically update with live accounting and well data. No more spreadsheets with infinite rows of GL transactions – just go to one published Power BI workplace. Review spend at any level; Pad, well, account, vendor date and be able to easily drill through to General Ledger transaction detail.
INCREASE ACCURACY, SAVE TIME
The automated process of analyzing accounting data eliminates the risk of manual errors that can occur when reviewing spreadsheets, saving you time and resources. We also understand that every E&P company is different and each department within a company might have a different perspective on how to visualize the data, so we will help you fully customize to meet the needs of your business.
Configurable for any accounting and well database system (ie. Bolo (via Welland), Ogsys, WellEZ, Wellview, etc)
Streamline coding analysis to quickly identify coding issues
Allows easy filtering/slicing by pad, well, vendor, or account code
Integrate with other systems like OpenInvoice to customize needs
Make your data easier today
Take the next step
We’ll discuss your company size and application.
Based on your needs, see customized pricing below.
VI helps you connect to your data and use the tool.
Since every company has its own nuances, we charge a low fixed fee for the template, then work with you to configure the template to your system. Fixed fees range from $10k to $40k based on company size, plus Time and Materials to customize for your environment. Reach out to start building a Scope of Work and get a full cost estimate!