Designed for production accountants by production accountants, CGI's Production Accounting Solution (PAS) was designed and is continuously evolved in collaboration with six major E&P companies in Canada incorporating collective best practices, process excellence, compliance standards and the latest technologies. With PAS, part of CGI’s Exploration2Revenue (X2R) software platform, production accountants are freed from time-consuming, error-prone data entry and data conversions, enabling them to concentrate on strategic initiatives.
PAS streamlines production accountants’ administrative tasks, reduces risks of errors and addresses regulatory and audit challenges, even in organizations with limited staff. It’s adaptable for evolving industry complexities and scalable for future requirements across production accounting areas, including regulatory, asset acquisitions and divestitures.
Production accountants are freed from time-consuming data entry and conversions allowing them to concentrate on complex allocations and strategic initiatives that deliver the most value to the business.
PAS ensures revenue, royalty and processing fee calculation accuracy, as well as government reporting at the moment assets are acquired or divested.
PAS efficiently meets evolving regulatory reporting requirements.
Production accountants can easily adapt to changes in asset ownership and allocations at any point in time with PAS’ flexible month end close workflow.
PAS equips users to rapidly and accurately calculate revenue, FH and ORR royalties, processing fees and meet regulatory requirements unique to Western Canadian oil and gas producers. It’s the industry’s simplest, most intuitive production accounting system and comes with comprehensive support options.
PAS is one of the solutions on CGI’s integrated Exploration2Revenue™ platform, designed to help energy businesses across North America with managing their upstream back office with greater cost efficiency, insight, and agility.
Every solution in the X2R platform provides the advantages of:
Learn more about Exploration2Revenue.