TouchstoneEnergy adds Joint Venture Cutback and Automation

LONDON - May 18, 2016 - PRLog -- Overcoming the limitations of traditional accounting systems, TouchstoneEnergy's Joint Venture Automation process allows accurate allocation of costs to partners and creation of Joint Venture Interest Billing statements and invoices for cost recovery.

EnergyFlow delivers accurate and auditable allocation of costs & creation of Joint Venture Interest Billing statements for cost recovery.

EnergyFlow's Joint Venture processing module is designed to incorporate functionality that overcomes the shortcomings of a traditional finance system.

Say goodbye to common Joint Venture accounting problems:

 Allocation rules that are complicated to configure & maintain

 Performance issues when running your existing processes

 Limited & confusing reports

 Unable to run cutback more than once per period (journal control)

 Limited data filtering options

 Unable to generate invoices with VAT and/or finance charges included

 Unable to handle carried interests and cost capping

 Unable to manage partner interest shares to more than 2 decimals

EnergyFlow and the full range of business processes are designed to work with any existing standard accounting system including INFOR SunSystems, SAP, Oracle, Microsoft NAV.

TouchstoneEnergy are leading providers of world-class business systems dedicated to the global energy sector. They have software applications for every role in the enterprise, from Accounting and Finance to Procurement and Asset Management, Business Intelligence, Financial Planning and Business Process Management.

Learn more: https://touchstoneenergy.co.uk/