W Energy for Accounting The power of unrivaled data transparency and up to 150x faster processing speeds Business accounting is never simple, but for oil and gas organizations, Strategic solutions to Accounting’s biggest challenges it can be exceptionally complex. From reserves accounting to revenue W Energy is a proud niche player committed to serving the oil and gas industry recognition, joint venture accounting to hedging transactions, with our Stream+ integrated product offering. To build a software platform that exploration and development costs to DD&A – not to mentiondelivers the functionality that Midstream and Upstream accounting teams needmost, we first had to gain a deep awareness of what keeps CFOs, CAOs, VPs of regulatory compliance – accounting teams face an abundance of Accounting, and Controllers up at night. According to our customers, accounting unique challenges and responsibilities. teams’ struggles include: Manual, error-prone processes lead to issues gathering accurate data, incorrect With those challenges, however, comes opportunity. Accounting spreadsheet calculations, prior period adjustments (PPAs), and client and partner leaders are in a prime position to impact many of the organization’s mistrust. most critical business metrics. Far from just managing invoices,Legacy software limitations slow down processes and require manual accounting underpins the company’s ability to make strategic financial interventions, resulting in clunky, inefficient workarounds. decisions, improve partner and customer trust and satisfaction, and Reporting issues arise from lack of integration across multiple databases, control costs. The only catch: your accounting group is unable tothe difficulty of manually tracking and reconciling data, and always-evolving achieve these effects without the right tools and processes. regulatory standards. Lack of system transparency results in hours spent verifying calculations, That’s why the W Energy Stream+ platform includes everything that researching questions, and providing other teams with detailed what-if scenarios. accounting leaders need to revolutionize your accounting functionality. With unrivaled data transparency and lightning-fast processingBuilding trust with partners and customers is slow going, especially with a historyof data inaccuracy or lack of transparency. speeds, W Energy Accounting can transform your team from crunching numbers to driving unprecedented business value. Data silos between teams leads to duplication of data efforts, and lack of insightsto your business as a whole. Overcoming these obstacles requires more than throwing moretime and resources at the problems. To simplify, streamline, andspeed up accounting processes, CAOs need a partner and aplatform they can trust. Three must-haves for fast, accurate, transparent accounting W Energy Stream+ delivers three critical factors to transform your accounting experience: radical data transparency, exponentially faster processing times, and the power of a single, robust system. The platform’s key capabilities bring these tenets to life and translate to tangible benefits for accounting teams specifically, and the business as a whole.W Energy Capabilities: Enabling Accounting to:So the business can: Up to 150x faster batch Generate your monthly results faster, allowing you to Improve customer satisfaction and cut administrativeprocessing speeds comparedreview them more quickly, and reduce PPAs friction by minimizing PPAsto legacy systems Perform on-the-fly analysis to identify cost variances Control costs more easily, efficiently, and effectively and proactively find opportunities for cost reduction Gain more productivity and value from team members Reduce the amount of time required to complete end-with more time to focus on strategic projects of-month processes Industry-first, technology- Use business focused reporting like DataView™ whichQuickly and easily connect information across theforward functionality supports reporting and dashboard needs business to enable decision makingTo easily see how revenue and tax results were Increase partner trust by answering questions quickly calculated, step-by-step, complete with purchaser and accurately details, to easily verify contract compliance and slash PPAs via CalcTrace Make faster, more informed business decisions with complete data transparency Use the automated Asset Builder to view allocation networks graphically, to understand where products Quickly see how changes made will impact future and costs are flowing, and ensure accurate payment to processing runs, minimizing unintended results producers and interest ownersUse the Association Graph to see how and where rates and formulas are used throughout the system W E N E R GY FO R AC C O U N T I N G W W W.W E N E R G Y S O F T W A R E . C O MW Energy Capabilities:Enabling Accounting to: So the business can: A unified solution that Produce accurate and timely financial reports by pullingEnsure regulatory compliance with full data integrates seamlessly acrossdata from every location into one interface transparency – no more black box the W product suite and Eliminate data silos across and within departments – andCut costs and decrease administrative burden by external data sources the spreadsheet workarounds that go with them consolidating into a single, powerful accounting solution Create customized workflows to automate repetitive tasksImprove employee satisfaction and productivity Use DataView to reach all corners of your business data Save time creating Business Intelligence to keep you moving forward The industry’s only fully cloud-Eliminate painful, expensive upgrades and guarantee Out-perform the competition by always running native platform the latest functionality with automatic upgradesinnovative, secure, up-to-date software Ensure process and data continuity, regardless of Control costs by scaling up or down as needed based on internal or external market conditions business or industry fluctuations Get instant analytics with DataView without needing a Get advanced analytics without struggling with overly team of experts complex data To provide the greatest value to the business, Accounting Leaders require data that they can easily see, understand, analyze, manage, and trust. Manual processes and outdated software will never meet that imperative – but W Energy can. For industry-leading transparency, speed, and accuracy, only the W Energy Stream+ suite adds up. Trusted by leading upstream and midstream energy companies To see the W Energy Stream+ platform in action, get a demo. © 2 0 2 4 W E N E R GY W W W.W E N E R G Y S O F T W A R E . C O M