Energy, Oil & Gas
Overview
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.