Meeting challenges facing the Finance team
Sector: Oil &: Gas
With a proven track record across the energy sector in both oil & gas supply
and electricity generation, SunSystems from LAKE is a low risk choice that is
easily integrated with your other business systems.
SunSystems is the product of choice in more than 600 oil and gas sites around
the world. It is used for such diverse functions as exploration, production,
refinery operation, major project management, distribution and basic office
accounting.

Monitor the performance of every aspect of the
business
With a LAKE SunSystems solution, managers can analyse activity mapped against
their own unique key performance indicators (KPI's) and business dimensions such
as Field, Block, AFE, Project, Cost Centre, Location and Department.
Analysis of costs and revenue is achieved without burdening your chart of
accounts with long and complex account codes.

World class currency management
LAKE Solutions provide for unlimited currencies at spot, period and average
rates.
Four different currency values plus one statistical value per transaction.
Multi-company
Maintain unlimited companies including Trading businesses, PLC's, Holding
Companies, and Dormants in multi-currency ledgers and drill around them at will.

Consolidation and accounting for joint ventures
Consolidation for separate company systems and powerful inter-company
facilities.
Track complex expense and revenue appropriation for joint ventures.

Fully integrated project costing
Report on projects since inception, period or Year to Date from one source.
Simplify the set up of new projects and entities.
Cash analysis by project

Streamline the buying process and control spend
LAKE solutions helps organisations bring spend under control. It provides
managers and directors or partners with complete visibility of the cost pipeline
and validates every purchase request and commitment against budget at any level,
such as department, office or project. At the same time, transparent processes
and sophisticated approval-routing, guarantees improved governance within a
clear, structured, controlled spending policy.

Installation and support for the remotest
offices
SunSystems has a proven track record for quick implementation of highly
functional financial software in remote oil and gas sites that do not have the
infrastructure to support large-scale systems.

Produce financial and management reports
at the click of a mouse
Faster, self-service reporting and inquiry tools that allow you to produce
reports from the same underlying database for all interested stakeholders;
including board members, committees, management, budget-holders, employees, the
public, the government, and regulatory authorities.