Professional Advantage Infor FMS SunSystems
Industry: Utilities & Energy
Infor FMS SunSystems is uniquely qualified in the Oil and Gas sector. What sets it apart is its intrinsic ability to meet both the corporate and operational needs of Joint Venture accounting.
It is the simplification of the legal and business structures which allows SunSystems to report easily between consolidated and total Joint Venture positions.
Infor FMS SunSystems extends way beyond the accounting environment of debits and credits too. It manages the demands of changes to the business environment, and the effects of changes on cash flow and balance sheet projections quickly.
The following lists some of the key features of Infor FMS SunSystems within a Joint Venture environment:
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Legal entity and operational reporting is unified.
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Maintain and report both the 100% fully costed AFE ledgers alongside the consolidated company share.
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SunSystems multiyear ledgers enable easy reporting of inception and year to date reporting with budgetary comparisons.
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Automate the allocation of the company share of the AFE into the company group view.
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Ease of maintenance enabling changes to farmin in and out share of individual AFEs and addition of new Joint Ventures.
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Maintain and track forecasts leading to greatly improved forecast accuracy.
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Integrate timesheet module to automate allocation of organisation’s staff payroll to Joint Venture accounts.
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Integrated asset register.
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Proven multicurrency environment enabling easy processing where different functional, transactional and presentational currencies exist.
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Generation of realized and unrealized gains and foreign currency translation reserve.
Infor FMS SunSystems allows the customisation ability to enhance and extend functionality way beyond the core ledgers.
These include:
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Rapid generation of cash flow reforecasts to any frequency for instance weekly if needed.
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Production of scenario forecasts based on predicated changes for instance, to currency rates and farmin and farmout share.
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Addition and maintenance of non approved budget AFE’s along with cash flow projections
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A reporting environment with integrated cash flow, balance sheet and P&L forecast reporting.
It is Professional Advantage’s technical and business acumen in this area that sets us apart. Our knowledge of the processes and intricacies of Joint Venture accounting puts us in a position to easily fit the configuration of SunSystems to the client’s needs enabling rapid and fit for purpose implementation.
