All the power and flexibility of Aclaro’s petroLOOK application is now available in a corporate budgeting system.

Capture production and spending forecasts for your base assets and your capital spending program to create your budget. Combine that data with actuals from your accounting system to monitor your performance against the budget. Reforecast as necessary and compare one version to another. Share budgeting and performance monitoring across the organization.

As a component of petroLOOK, the Budget module makes full use of the application’s underlying architecture. This includes web-based navigation, a full security model, and comprehensive reporting and charting.

Build and Monitor Your Budget
Build your production, capital spending, and operating cost forecasts directly in the system using its web-based input screens, and/or load the data from another system or from Excel† spreadsheets.

Use petroLOOK’s comprehensive analysis and reporting to compare and contrast budget alternatives and store the official version(s) that will guide your business.

Load actual data by linking to your accounting system or by loading data from extracts from the accounting system. Use that actual data to monitor your performance as compared to the budget you’ve built.

Use petroLOOK’s analysis to compare actual and budgeting spending and production, and to quickly indicate projects or properties whose performance is outside expected or acceptable ranges.

Reforecasting and Adjustments
PetroLOOK Budget allows you to reforecast your budget and store multiple versions of the data during the budget year – allowing you to compare the original budget, the reforecasted budget(s) and the actual data.

The Budget module also allows you to make adjustments to the data outside of the source system for the data, allowing you to create additional budgeting wedges.

Interested?
Want to learn more about petroLOOK Budget and how it can improve your budgeting and monitoring processes? Contact us.

Mark of aclaro softworks, inc.
† Registered trademark of Microsoft Corporation