1. WellPoint’s Energy Financial
Management Solution
WellPoint’s Energy Financial
Management is the only Microsoft The Only Fully Integrated
Dynamics® AX- certified solution in Financial Solution for the
the oil and gas industry - quick to Norwegian Energy Sector
deploy, built on proven solutions,
WellPoint’s Energy Financial Management solution was built on
and designed for the complexity of Microsoft Dynamics AX and designed with the complex needs
today’s energy world. of oil and gas companies in the Norwegian Continental Shelf in
mind, offering a single standard solution for financial
management and reporting requirements specific to the
Norwegian energy sector. Financial solutions from WellPoint
Operational Reporting Systems offer a fresh approach to corporate financial
management with a best-in-breed solution focused on industry
Production License Accounting requirements for integration and flexibility. The result is an
Division of Interest innovative solution capable of exceeding the financial and
Joint Venture Accounting accounting requirements of the industry, including
authorization for expenditure tracking, license and well controls,
Authorization for Expenditure cash call management, division of interest, license budgeting,
Cash Call Management working capital management and joint venture billing using OLF
Multi-Location codes.
Multi-Currency WellPoint’s Energy Financial Management solution comes
Multi-Language preconfigured and integrated with fundamental modules of the
Microsoft Dynamics AX platform, resulting in superior
performance and robust application functionality. As your
organization grows and requirements change, the WellPoint
solution becomes the foundation from which to extend your
business by enabling critical ERP functionality within Microsoft
Dynamics AX. The addition of modules such as CRM, HRM and
Procurement provide new solution functionality and gain
immediate traction through enterprise integration.
For more information about WellPoint Systems Inc., visit:
www.wellpointsystems.com.

2. Return on Investment
Architected Specifically for the Norwegian Oil &
Gas Industry
While other financial management and enterprise
resource planning systems have been created solely with
technology directives in mind, WellPoint’s Energy
Financial Management solution has been designed with
the needs of oil & gas companies in the Norwegian
Continental Shelf at the forefront.
Implement and Maintain Corporate Best Practices
The flexible and standards-based design of the WellPoint React Quickly to Business Improvement
solution ensures that the system can be implemented as Opportunities
a preconfigured solution, or implemented to support the The modular architecture of the WellPoint solution offers
defined business processes and best practices of your you the flexibility to add integrated applications like CRM
business. and Procurement to your environment when and if they
are ever required for your operations.
Scalable to Support the Growth of Your Business
The Microsoft Dynamics AX architecture upon which the Supports Critical Compliance and IFRS
WellPoint solution is built can support the needs of The International Financial Reporting Standards (IFRS)
growth oriented, mid-tier and even major integrated oil initiative has kicked off a new era of corporate governance.
and gas companies. The goals, objectives and ambitions The WellPoint solution supports IFRS as well as the
of your organization will never outgrow the unparalleled Norwegian Tax Reconciliation reporting requirements
capacity of WellPoint’s Energy Financial Management which is invaluable to executives and managers in their
solution. quest for improved levels of compliance.
WellPoint Systems
Energy Financial Management
COST CENTER MANAGEMENT
WELL LEVEL SUB-LEDGER WITH FINANCIAL AND CODING/REPORTING OIL & GAS SPECIFIC
ACCOUNTING GROSS/NET ACTIVITY PERIOD HIERARCHIES REPORTS
AUTHORIZATION FOR PRODUCTION LICENSE
DIVISION OF INTEREST JOINT VENTURE BILLING
EXPENDITURE ACCOUNTING
ESTIMATES & BUDGETS FLEXIBLE/DATE EFFECTIVE JVB REPORTING YEARLY BUDGETING
AFE SUPPLEMENTS MULTIPLE REVISIONS AUTOMATION OF BILLING PARTNER REPORTING
VALIDATION & CONTROLS DOI RULES MANAGEMENT CASH CALL MANAGEMENT RESOURCE ALLOCATIONS
COST OVERRUN EXCEPTION EXPLORATION/DEVELOPMENT
EXCEPTION-BASED SETUP OLF REPORTING
MANAGEMENT ACCOUNTING
REVERSE/REBOOK/
APPROVALS MANAGEMENT COST/ALLOCATIONS OPERATIONAL ACCOUNTING
MASS CHANGE

3. Solution Functionality
Division of Interest Integration
The WellPoint Energy Financial Management solution WellPoint’s Energy Financial Management solution and
adds tremendous flexibility to the task of creating Microsoft Dynamics AX in combination promote seamless
Division of Interest (DOI). By providing the ability to and easy integration to other systems that complement
establish flexible, date-effective DOIs, track license the process of financial management. The combined
ownership, and the capacity to support account-based solution offers unparalleled support for the integration to
exceptions on the same screen, WellPoint’s solution helps traditional applications like production tracking, payroll
improve the efficiency and accuracy of your operational and reservoir management, as well as in-house
teams. developed solutions. By simplifying the integration
process, you can significantly reduce the costs associated
Joint Venture Accounting with both the build and maintenance of these critical
interfaces.
As an operator, the accuracy and timeliness of the joint
interest billing process is imperative. By automating the Information Exchange
billing processes for joint venture transactions,
companies have the flexibility to establish and enforce the WellPoint’s solution fully supports web services and
billing rules as dictated by their unique business policies. provides the ability to share information in a secure
The solution’s Joint Venture Accounting allows for the fashion, when and where it is deemed advantageous to
most efficient methods of cash call management, working the company’s operation. The secure exchange of
capital management, performing cost allocations, OLF information with employees (in both field and home
level billing and ensuring timely collection of Accounts offices), customers, partners, and even e-commerce
Receivable balances. applications has quickly become a fundamental
requirement for oil & gas companies.
Production License Accounting
Multi-Location, Multi-Currency,
The WellPoint Energy Financial Management solution is a Multi-Language
comprehensive application for recording, tracking,
distributing, managing and reporting revenue and cost Be it through organic growth or merger and acquisition
associated with oil and gas production licenses in the activity, most oil & gas companies will eventually expand
Norwegian Continental Shelf. The integrated module will their business scope to include international operations.
streamline many of the challenges facing the industry When your business reaches this milestone phase, there
such as DOI management; partner level reporting; yearly are significant solution advantages to software
budgeting; resource allocations; prior period technology that supports multi-location, multi-currency
adjustments; YTD and ITD tracking; and budget vs. actual and multi-language requirements. Financial solutions
variance analysis. from WellPoint Systems facilitate compliance with local
accounting and reporting requirements of the
Authorization for Expenditure international market, while simultaneously meeting home
country financial reporting standards.
The fundamental need to control capital expenditures
mandates that an accounting system have the ability to
measure actual against budgeted costs on both a gross
and net basis. WellPoint’s Energy Financial Management
solution provides a superior level of control and
automation through automatic updates and threshold
warnings, establishing increased confidence in the
resulting data.
WellPoint Systems Inc.
12596 W. Bayaud Ave., Suite 400 Suite 2000, 500 - 4th Ave. SW
Lakewood, CO USA 80228 Calgary, AB Canada T2P 2V6
866.987.2238 403.444.3900
303.987.2238 www.wellpointsystems.com