Adaptive ERP

Adaptive ERP, developed by Enerpact, is a software solution designed to address the gap in spreadsheet-driven business workflows found in US-based integrated Accounting systems. This solution offers applications such as Procure-to-pay/E-Invoicing, Business Intelligence, and Productivity Tools, targeting E&P companies of all sizes. According to the vendor, Energy and Petroleum Professionals, Accounting and Finance Professionals in the Oil and Gas Industry, Procurement and Supply Chain Professionals, Business Intelligence Analysts in the Energy Sector, as well as Operations and Production Managers in the Oil and Gas Industry, can benefit from the capabilities of Adaptive ERP.

Key Features

APX Electronic Invoicing: According to the vendor, APX Electronic Invoicing provides a complete Procure to Pay solution that enables E&P companies to receive and route invoices for approval electronically. It utilizes AI to parse invoice .pdfs, ensuring accurate data verification.

Enerpact Workbench: The Enerpact Workbench is designed to automate workflow gaps and empower the mobile workforce. It integrates seamlessly with any E&P accounting system and offers features like Electronic Invoicing, Rig Scheduling, Business Intelligence, and Division Order Approval, according to the vendor.

Connected Data: The Workbench integrates, aligns, and shares data with selected users, ensuring data alignment between systems. It also sends alerts when data discrepancies occur, according to the vendor.

AFE Management: According to the vendor, AFE Management streamlines the creation and management of AFEs by utilizing Excel templates with macros and calculations, simplifying the process and enhancing efficiency.

Rapid ROI: The Workbench eliminates spreadsheet inefficiencies and inconsistencies, reducing the need for extensive retraining. According to the vendor, it also alleviates licensing pressure on legacy systems, resulting in a rapid return on investment.

Trades and Settlement Data: According to the vendor, this feature allows for the easy management of hedging activities and real-time comparison of actuals to forecasts. The system can automatically calculate the percent hedged, simplifying the process.

Well File Management: The Well File Management feature digitizes well records, making them easily searchable and connecting them to assets and asset teams. According to the vendor, this enhances document security and accessibility.

Business Intelligence & Spend Analysis: APX provides extensive reporting and analysis capabilities, allowing centralized reporting of field estimates, invoice and GL transactions. According to the vendor, no customizations are required, saving costs.

Capital Planning: The Capital Planning feature offers integrated planning, budgeting, forecasting, and rig scheduling capabilities, enabling real-time data access for instant lookbacks, forecasts, and scenario analysis. According to the vendor, this eliminates the need for spreadsheets and allows for rapid iterations.

eAFE (Authorizations for Expenditure): According to the vendor, this feature allows for the creation of pre-spud AFEs to enforce internal AFE processes and controls. It also enables the capture of pre-spud expenses and supports various AFE types used in drilling and completing operations.