Entero MOSAIC Delivers the Industry’s First Automated Reconciliation Process to Increase Efficiency and Accuracy for E&P Companies

October 19, 2017

CALGARY, Alberta–(BUSINESS WIRE)–#AutoReconciliation—Entero
Corporation, the trusted leader in upstream and midstream software
solutions, is excited to release an automated reconciliation process for
corporate reserves workflows. E&P organizations require an accurate and
efficient method to reconcile their reserves year over year. MOSAIC
is the first reserves software platform to incorporate automated
functions which capture, validate, match, and reconcile data in a single
database.

MOSAIC’s single source data and platform significantly reduces the time
and expense associated with data gathering, entry, and manipulation.
Having a unified platform continues to be more important as oil and gas
companies continue receiving greater regulatory pressures and scrutiny
on reporting and auditing.

“Automating the reconciliation process provides a better way for our
clients to disclose information quickly and accurately with much less
effort,” said Mike Lake, COO for Entero Corporation.

Clients will see immediate value through:

  • Clear, precise configuration and data quality assurance in a single
    platform;
  • Reduced manual intervention – multiple sortable change types, and zero
    custom scripts;
  • Volumes, value, and other bases of performance completed in hours,
    rather than weeks; and,
  • Enhanced compliance with accurate change records and audit trails.

“Whether companies use fragile, hand-crafted scripts or work through a
highly manual process to complete reconciliation, the effort and timing
involved are highly demanding,” said Todd Kuipers, Product Director for
Entero MOSAIC. “A user configured, automated approach can reduce the
chance of errors, and it takes the pressure off of teams who are
completing year-end filing.”

Read
Entero’s whitepaper to learn more about automating the
reserves reconciliation process.

About Entero Corporation
Over 130 clients rely on Entero to
provide clarity and efficiency in their critical business functions.
MOSAIC is the energy industry's most complete petroleum economic,
decline analysis, and reserves management solution. It is used by
engineering, reserves, budgeting, capital planning, and A&D groups to
evaluate both large corporate portfolios and individual reserve assets. Learn
more today

Contacts

Entero Corporation
Tammy Cho
Director of Marketing
[email protected]