BENEFITS
Why Energy Edition?
Utilizing our years of experience with NetSuite and the Energy Industry, we have developed specific extensions designed exclusively for the Oracle NetSuite platform.
Our Energy Edition helps energy firms like you optimize your operations and drive increased productivity across all your processes and provides real-time visibility.
FEATURES
Energy Edition Features
Authorization for Expenditure
Manage AFE approvals, track actual spending by spend category, and link AFE's to projects to gain complete control over expenditures.
Change Orders
The change order is a document for profitability analysis and an audit trail of changes to the project revenue budget, commitments, and budgeted costs. Streamline change orders for multiple projects with unit rate changes, custom retainage, and cost-only change requests.
Compliances
Manage gun and explosive licenses, insurance, certificates, and status updates, providing expiration and other alerts to staff and suppliers.
Revenue Recognition
Recognize revenue based on your performance obligations, including time & materials, cost-based percent complete, and project milestone
Job Costing
Capture labour, material and equipment costs from any device providing instantaneous updates to keep project management and accounting in sync. Simplify the process of calculating taxes for a project – tax zones are specified directly in the project and automatically retrieved and calculated for all invoices, purchase orders, subcontracts, and expenses.
Project Billing
Confirm details and automatically generate pro forma, progress, and time and material invoices.
Retainage
Manage initial retainage and any changes to streamline invoicing and payments. Retainage tracking is supported for progress billing and time and material billing.
