budgeting

Budget

Use petroLook to create, manage, analyze and report your Operating Budget.

A petroLook-based Budgeting solution allows you to:

1. Directly forecast operating costs (LOE), base volumes, G&A, maintenance capital, and other key budget parameters.
2. Use historical information to automatically trend forecasts, with the ability to manually adjust the generated forecasts
3. Forecast at the level of detail that makes sense
   1. Organizationally – forecast some items at the cost center, others at the team level, others at the BU level or higher
   2. Account/variables – forecast at the account level and/or at an account rollup level defined by your company
4. Create any calculated variables that are required to model your budget
5. Combine your Capital Budget (created in petroLook or third party tools) with your Operating Budget to create an overall Company Budget
6. Combine actual data from your accounting system with the forecasted data to perform actual vs. forecast analysis
7. Reforecast based on actual performance
8. Generate any required analysis and reporting, including calculating and analyzing key performance indicators
9. Control access to the information and functionality of the system

If you’re interested in learning more, contact us for additional information, case studies, and to set up a demo – sales@aclaro.com