GDS Ware’s AFE Management System was designed to dramatically decrease the time spent on creating AFE’s, waiting for approvals and tracking capital expenditures. We can help you reduce the AFE approval time to just 1 business day.
BUILT TO BE THE MOST FLEXIBLE AND POWERFUL WAY TO MANAGE AFES.
On average, it takes companies 2-3 months to receive an Authorization for Expenditure (AFE). This is a major pain point for many Oil & Gas companies within their current AFE processes. This is the result of lacking an effective system for managing all of their AFE’s and capital expenditures.
- Create AFE's from scratch or a saved template.
- AFEs are guided through fully customizable workflows to put the AFE in the right hands at the right time. Route AFEs for internal review based on facility and AFE cost.
- Workflow automation to send reminders, skip reviewers, push the process through.
- Users can review, electronically sign and approve AFEs using any smartphone, tablet or computer.
- Export AFEs into a PDF or an Excel file. Print any AFE. Create custom AFE Reports and schedule them to be generated and emailed either daily, weekly or monthly.
- Other accounting systems such as SAP, Oracle, JDE and more.
- Expedite Daily Processes
- View Production Heat Maps
STREAMLINE YOUR EXISTING AFE PROCESS.
Welcome to the Next Generation of Productive Software.
- Streamline your existing AFE process from the point of creation through approval.
- Greatly reduce the amount of time spent awaiting authorizations.
- Manage all of your AFEs in one central location to maintain the highest level of visibility and accountability.
- Powerful analytics allow users to track capital expenses and to take control over spending and avoid cost overruns.
- Integrating AFEs into our accounting and well management system allows companies to eliminate duplicate entry and maximize productivity.
- Reduce or eliminate paper AFE’s.