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What is EY DEEP?
In the face of various hurdles within the industry, oil and gas companies are actively working to improve their operations to respond effectively to varying oil prices and the evolving energy demand. The EY DEEP solution, developed through a partnership between EY and Microsoft, offers these firms a cutting-edge strategy that enables a quicker and less risky digital transformation of their upstream operations, empowering them not just to endure but to thrive in the future energy marketplace. The oil and gas sector is experiencing a shift from resource scarcity to one of abundance, which compels companies to modify their strategies. Additionally, the growth of alternative fuels and advancements in energy efficiency are influencing demand, while mounting pressure to decarbonize introduces further challenges. Together, these factors are putting a strain on profitability and driving up expenses, leading to an urgent requirement for the industry to boost efficiency by digitalizing operations, a move that will ultimately play a pivotal role in their success amid a changing energy environment. As these firms adapt to this transformative era, their capacity to harness technology will be essential for sustaining competitiveness, ensuring they remain relevant in a rapidly evolving market landscape. Ultimately, the ability to innovate and implement technological solutions will define the future of the oil and gas industry.
What is AFE Manager?
Oil prices often experience notable variations; however, the accuracy of your project's financial predictions should consistently be maintained. The Authorization for Expenditure (AFE) Manager from Resource Energy Solutions is designed to optimize budget creation while making the tracking and approval of costs more straightforward. With features such as standardized drop-down menus, the ability to replicate data from existing spreadsheets, and the option to attach electronic files, AFEs can be produced with remarkable speed. Furthermore, the AFE Manager's ability to integrate spending authorizations within your organization’s hierarchy serves as a protective measure against overspending and unapproved costs. It also facilitates the effective management of information relevant to joint operating ventures. When paired with Wellman, the AFE Manager offers a holistic solution that manages all dimensions of cost tracking, budgeting, and expenditure approvals throughout the project's duration. This seamless integration not only helps identify potential delays but also provides management with crucial insights that support timely decision-making. As a result, maintaining your project within its financial boundaries becomes significantly more attainable and efficient.
Integrations Supported
Microsoft 365
Microsoft Azure
Microsoft Dynamics 365
Microsoft Power BI
Microsoft SharePoint
Integrations Supported
API Availability
API Availability
Pricing Information
Pricing not provided
Pricing Information
Pricing not provided
Supported Platforms
SaaS
Supported Platforms
SaaS
Customer Service / Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Online Training
Training Options
Documentation Hub
Online Training
Company Facts
Organization Name
EY
Company Location
United Kingdom
Company Website
www.ey.com/en_us/oil-gas/ey-deep-digital-energy-enablement-platform
Company Facts
Organization Name
Resource Energy Solutions
Date Founded
1995
Company Location
Canada
Company Website
www.resourceenergysolutions.com/afe-manager/
Categories and Features
Oil and Gas
Not specified
Categories and Features
Oil and Gas
Not specified