Build and maintain accurate, up-to-date capital budgets, and leverage connected planning tools (such as Enersight and Val Nav) as the source of operating budgets. Use Execute Capital Budgeting to track and compare evergreen forecasts to budget snapshots.
Capital Budgeting
Improve visibility and avoid cost overruns by combining capital budgeting, forecasting, and workflow tracking into a single connected system with Execute.
Visibility Into Project Spending
Execute Capital Budgeting simplifies the budgeting process and automates the re-forecasting of projects to ensure an evergreen view of project spend throughout the year. Linked with AFEs, the system automatically blends actuals and field estimates into forecasts to ensure capital controls are followed with minimal administrative involvement.
Features
Build and Maintain Budgets
Simplified, Automated Re-forecasting
Capital Forecasts can be intelligently blended with actual spend and accruals, ensuring an up-to-date view of current project spend. Feel confident that you’ll always know the current forecast of your company’s capital projects.
Connected Capital Management
Give accounting, finance, and project teams a deeper look with an extra level of control and insight into your project schedules and forecasts to keep project spending on track while minimizing overages.
Custom Notifications and Emails
Keep key stakeholders up-to-date on the status of projects with custom notifications. Build email notifications to keep everyone in the loop and get real-time alerts on updates on tasks, spend alerts, delays, or anything else requiring attention to ensure the business keeps moving forward without delay.
Build and Maintain Budgets
Build and maintain capital budgets, instantly re-forecast projects, and steward your projects towards the budget. Capture the right approvals and perform easy project lookbacks on one connected platform. Flexible business rules replace time-consuming and costly manual data validation steps. Execute Capital Budgeting also integrates seamlessly with leading ERP systems.
Execute Platform
Integrated Modules
Execute Capital Budgeting is one of four modules available in the Execute application. Take advantage of additional efficiencies by consolidating capital management and well delivery workflows within the same application.
AFE Module
An essential part of the Capital Budgeting module is the connection with the AFE module. Combine the actual spend tracked against AFEs with remaining capital forecasts at a project level to gain a comprehensive understanding of your budget.
Operational Scheduling Module
Integrate your capital timing with the Operational Scheduling module. Place project activities on a schedule to dynamically update timing and better connect operations and financial teams.
Capital Budgeting and Forecasting
Execute Capital Budgeting simplifies the budgeting process and automates re-forecasting projects to ensure an evergreen view of project spend throughout the year. Explore how to efficiently set budgets and forecast Capital spending using Execute’s Capital Budgeting module.
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