Upstream Authorization for Expenditure (AFE) Software Overview
W Energy's Upstream Authorization for Expenditure (AFE) software streamlines capital management by providing configurable templates, end-to-end integration between field and finance, collaborative workflows across multiple departments, mobile app approvals, and actionable notifications to optimize tracking, budgeting, and approval of AFEs, ultimately enhancing CAPEX savings and operational control.
Optimize Business Operations with Precision, Efficiency, and Control
Easily track your field spend, compare to what was budgeted, and effortlessly connect the Field to Finance with W Energy AFE.
Connect your Field to Finance with End to End Integration
W Energy’s AFE Workflow application is a tool to manage AFE creation, review and approve AFEs via an intuitive Mobile App, and get insightful Analytics for all your AFEs. It streamlines capital management actions, increases CAPEX savings, and delivers ROI to your business.
Configure your system your way
Configurable AFE templates are tailored to specific business processes and can span across all areas of your business. Configure everything from AFE Templates, Cost Estimate Rules, Approval Rules and Roles, and more.
Full Organization Collaboration
The AFE process starts with an intuitive drafting process, routing the AFE through all applicable teams without time-consuming manual intervention. The process incorporates internal teams from Planning, Land Administration, Geology, Reserves, Completions, and Facilities, all the way through sending ballots out to Partners and tracking their elections.
Easily Take Action
AFE Workflow provides multiple avenues for teams to quickly take action. Receive customizable email notifications of pending actions and important events, and use a dedicated in-app inbox to sort through AFEs and act on the highest priority tasks. A dedicated mobile application aids in the approval process, along with scheduled delegation of authority that keeps the process moving while you’re out of the office.
Product Overview: AFE
W Energy AFE Workflow intuitively maps different processes for our different AFEs into the system without us having to change our internal processes to adopt this system. AFE Workflow has made a positive impact in controlling over-spending, which did not exist as a system before. And users find it easy and intuitive to use!
Your AFEs, Perfected
Our feature-rich AFE solution provides all of this and more:
Collaboration
- Simplified AFE Drafting
- Automated Routing
- Parent-Child AFEs
Actionability
- Automatic Alert Prioritization
- Email notifications
- Intuitive Mobile App
Accuracy
- Complete Configurability
- Effortless AFE Routing
- Automatic Ballot Management
Accountability
- Delegation of Authority
- Attribute-level Auditing
- System Logs and Reports
Data Transparency
- Built-in Analytics and Reporting
- Streamlined Authority Matrix
Integration
- Accounting, Economics & Reserves Systems
- Well and Facility Management Systems
- Document Management
Approvals Workflow
- Email Notifications
- Configurable Routing
- Mobile App Approvals
Security
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SSO Integration
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Admin controlled roles and permissions
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Authority matrix by user and type
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The W Energy AFE Workflow tool can be utilized by Upstream, Midstream, and Renewable Energy companies. The AFE solution is able to handle AFEs throughout your business, regardless of what you do, or who needs to provide input.
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W Energy’s AFE Workflow solution will be tailored to your business’s processes and workflows during implementation. The company has worked with a variety of clients, each with unique workflow requirements, and is ready to map these processes out for new customers.
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W Energy’s AFE Workflow tool reviews and tracks field estimates, actual costs, and budgets to make more effective Capital Management decisions. The robust web and mobile solution allows team members to streamline their capital management actions and increase CAPEX Savings to deliver ROI to your business.
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The solution supports complex drafting and routing needs for allocation of costs from pads and facilities to the wells that go into them.
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