Oil & Gas Industry - Financial and Procurement Systems
Touchstone Group – Leaders in Business Systems for
the Oil & Gas Sector
Touchstone Energy is the leading channel
partner for SunSystems and PROACTIS, financial accounting
and procurement software and systems designed specifically for UK
and global organisations in the Oil and Gas sector.
We are committed to providing business
management software, solutions and services that meet the unique
requirements of the E&P and Downstream trading markets.
Touchstone works closely with many of the UK’s leading Oil and Gas
companies and understands the challenges they are facing. We offer
effective, easy-to-use solutions designed specifically to meet
their demands.
Our portfolio of business management software
and services enable Oil and Gas companies to integrate and manage
every aspect of their business including planning,
budgeting and forecasting, accounting, cost management and
analysis, ensuring companies can respond quickly to new
and changing requirements.
SunSystems is equipped with several
unique features that make it particularly well suited to
the Downstream industry and it has been implemented
in over 600 Oil and Gas sites in 190
countries.
Some of the leading upstream operators have also
selected SunSystems & PROACTIS from Touchstone to support
their Financial and Spend Management operations worldwide.
Some 750 users in 44 countries around the world use
real-time, multi-currency, multi-lingual finance and business
reporting software from Touchstone.
Our Value Proposition for the Oil & Gas Sector
Reporting by Analysis Dimension
- Location
- Field
- Block
- AFE
- Cost Centre or Department
- Lifecycle
- JV Partner
- Employee/Supplier
Multi-currency
- True multi-currency
functionality at the transaction level.
- Up to 5 different
currency values plus one statistical value (for metric, quantities
etc.) per transaction. Other systems typically have only two, the
Base Currency and the Transaction Currency.
- Ledger revaluation
function simplifies the transaction of foreign currencies at the
period end date and meets GAAP requirements.
- Monthly or daily conversion rate in any
currency.
Multiple Chart of Accounts & Reporting Structures
- Meet Head Office requirements
- Meet local statutory Chart of Accounts and
reporting with country-specific chart of accounts that can be
mapped to Head Office chart of accounts for consolidation
purposes
- IFRS, UKGAAP, USGAAP reporting structures
Joint Venture Cost Allocation & Recovery
- Timesheet/Time-writing
function
- Joint Venture Reporting
- Joint Venture Gross to
Net
- Cash Call and Allocation
Reporting
- Expenditure by AFE &
Non-AFE costs
- Expenditure Detail
Reporting
- Joint Venture Interest
Billing Statement
- Expenditure by Asset
Multiple Business Units
SunSystems supports
an unlimited number of business units (Assets), each with their own
base currency, and reporting currencies and an unlimited number of
transaction currencies.
Purchase to Pay/Contracts Management
- Request for Quotation
- Requisitions & Draft
PO’s
- Contract call-off’s and
blanket PO’s
- Automated electronic order
approvals
- Full 3-way matching
- Integrated inventory
Management
- Supplier performance
reporting
- Contracts Management &
e-Sourcing
- Document scanning
Risk & Compliance
- Oil & Gas expertise
- Scalable to meet growth
- Operates on and integrates
with all current Microsoft technologies
- C-SOX Compliance
- SOX Compliance
- IAS (International Accounting Standards)
Low total cost of ownership
- Rapid implementation
- Proven project implementation
methodology
- Leading team of Oil & Gas experienced
Consultants
Field Asset Management & Control
- Asset Management
- Asset Contracts (Purchase Lease, Labourer)
- Asset Financials
- Inventory/Asset Planning/Preventative Maintenance
- Purchasing
- Service Levels
- Work Orders
- Service Tickets
- Maintenance Programming
- Integration with SunSystems Financials