Accounting Manager
In the energy industry, an Accounting Manager faces vexing challenges. You and your staff sit “downstream” from virtually all of your company’s operations and transactions. You must detect and reconcile errors committed “upstream.” Manage complex allocations and dispositions based on wellhead or plant production and complex contractual relationships. You must account for physical transport arrangements, and agreements with multiple stakeholders and counterparties. In many cases you are also responsible for audit, reporting and compliance. At the same time, you’re tasked with closing out each month on time.
It’s a tall order. Allegro makes it manageable and efficient.
Our advantage starts with integration. Allegro integrates all physical and financial information, including data and documentation on product purchases, inventories, production output and allocations, transport, contracts, counterparty credit, portfolio positions, product sales and more.
All information is stored or referenced through a central database — readily accessible to all Allegro application modules because every Allegro solution is built from the ground up on Web services. Only Allegro provides this level of integration and accompanying benefits.
- Error reduction. Redundant data entry is virtually
eliminated, reducing errors. In many cases, invalid entries are automatically
prevented at the point of entry.
- Error management. Allegro’s integrated database
and automated tracking and audit tools let your staff pinpoint and reconcile
errors with dramatic speed.
- Adjustments instantly propagate back through the
enterprise as the integrated system readjusts every affected entry, sum,
charge, valuation and projection. Netbacks and prior period adjustments are
no longer a nightmare.
- Reconciliation. Allegro’s integrated environment
helps ensure that flows of cash precisely conform with the contractual obligations
that accompany physical transactions — so your company doesn’t
pay too much or receive too little, and is better able to avoid costly legal
conflicts.
- Audit. All transactions, process steps and associated
documentation entered into the system automatically become auditable. Any
action, document or note can easily be tracked with the transaction, or traced
back through it.
- Compliance. Allegro solutions helps automate compliance
with Sarbanes-Oxley, FAS 133 and other regulations in jurisdictions ranging
from local to international. Compliance can be tailored to unique business
requirements.
- Timeliness. Allegro’s business process automation
and integrated information management enable your staff to satisfy complex
requirements, and handle last-minute adjustments while closing out the
books in a timely manner each month.
- Efficiency. Allegro enables you to handle an increased
level of business activity without necessarily expanding the accounting
staff.
- Value. Your staff can now focus on activities such as process improvements and cost/benefit analyses, rather than performing repetitive tasks and reacting to emergencies.
Learn more about the Allegro Difference and Allegro Financial and Settlement application modules.
