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Average Ratings 0 Ratings

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ease
features
design
support

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Description

Oil prices can fluctuate significantly, but the precision of your project budgeting must remain consistent. Resource Energy Solutions' AFE Manager is tailored to enhance the efficiency of budget formulation and to support meticulous tracking of costs along with expenditure approvals. Users can rapidly create AFEs by utilizing standard drop-down selections, copying data from spreadsheets, and linking necessary electronic documentation. With the capability to align spending authorizations with your organization’s hierarchy, the AFE Manager safeguards against budget overruns and unauthorized expenditures. It also simplifies the management of information related to joint operating ventures. When integrated with Wellman, AFE Manager provides a comprehensive system that encompasses all aspects of in-field cost tracking, budgeting, and expenditure authorization throughout the entire project lifecycle. Additionally, this integration plays a crucial role in identifying potential bottlenecks, equipping management with timely insights necessary for prompt decision-making. This ensures that projects stay on track and within budget, fostering financial accountability.

Description

This application serves as a comprehensive web-based budgeting and integrated spend management solution, along with offering additional features! Initially developed as a desktop budgeting program for Windows, it has transformed into a sophisticated cloud application for managing project budgets and expenditures. The core of this tool lies in the seamless integration of project budgets with purchase order monitoring, ensuring that all spending is meticulously tracked. The example of the tree structure demonstrates how Purchase Order objects (PO records) are organized hierarchically. All financial elements ascend from the POs (represented in green) to Projects (shown in wheat), then to Accounts (depicted in blue), and finally to Budgets (illustrated in grey). This structured financial framework is established by the Team, which includes the Admin, Project Managers, and Vendor contacts, who collaborate to create an initial budget framework. They work together in real time to generate new POs, approve costs, issue purchase orders, and monitor all invoices along with any changes throughout the lifecycle of the POs, ensuring a streamlined financial management process. With this integrated approach, teams can enhance communication and efficiency in their budgeting tasks.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

$1495 one-time payment
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based No 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person Yes 

Vendor Details

Company Name

Resource Energy Solutions

Founded

1995

Country

Canada

Website

www.resourceenergysolutions.com/afe-manager/

Vendor Details

Company Name

Spicer-Baer Associates

Founded

1998

Country

United States

Website

spicer-baer.com/cloud-tracking-solutions/

Product Features

Oil and Gas

Compliance Management No 
Equipment Management No 
Inventory Management No 
Job Costing No 
Logistics Management No 
Maintenance Management No 
Material Management No 
Project Management No 
Resource Management No 
Scheduling No 
Work Order Management No 

Product Features

Budgeting

"What If" Scenarios Yes 
Asset Planning Yes 
Balance Sheet Yes 
Capital Asset Planning Yes 
Cash Management Yes 
Consolidation / Roll-Up Yes 
Forecasting Yes 
General Ledger Yes 
Income Statements Yes 
Multi-Company Yes 
Multi-Department / Project Yes 
Profit / Loss Statement Yes 
Project Budgeting No 
Run Rate Tracking No 
Version Control Yes 

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