Streamline Oil and Gas Payout Management
This comprehensive solution for both operated and non-operated payout requirements is delivered on the SAP Business Technology Platform. Venture cost center definition and tracking for all terms, provisions, and adjustments power an SAP Analytics Cloud-based calculation engine.
Overview
Manage your payout scenarios in the cloud
Simplified interfaces and powerful reporting and analytics are delivered using the SAP Analytics Cloud technology housed within SAP Business Technology Platform. It's a solution pioneered by and for energy experts by Sierra.
Trust that your payout data is being managed with the proper application design
SAP-certified APIs deliver Master Data as single source of truth from SAP for Venture, Cost Center, Equity Groups, related Carried Interests, and Ledger Transaction Data. Assures correct calculations without opportunity for human error.
Deliver trusted gross revenue data to your payout calculations
Gross Revenue calculations in SAP Production Revenue and Accounting assure that data meets SAP standards. Once Gross Data is calculated, data are passed via an API, securing Payout calculations in harmony with Gross Revenue calculations.
Details
Solution type
Extensions and Add-ons
Industry
Oil, Gas, and Energy
Compatibility
Works with
Features
Payouts: Tracking, Inquiry and Reporting
Payout tracking for Operated assets by Venture, Cost Center(s) and Equity Group(s) with comprehensive API data collection for master and related transactional data used in comprehensive calculations. Comprehensive filters for the Payouts are available.
Non-Op Payouts: Importing, Inquiry and Reporting
Payout tracking for Operated assets by Venture, Cost Center(s) and Equity Group(s) with comprehensive API data collection for master and related transactional data used in comprehensive calculations. Comprehensive filters for the Payouts are available.
Assign and calculate penalties with ease
Penalty Provision Groups allow for default penalty percentages to be derived from the JOA and overridden at an account level. Carried Interest Owners are assigned to their respective Provision Groups, ensuring accurate calculations.
Plans and pricing
Payout Management Edition
Operated Payout Management
Non-operated Payout Management
Inquiry, Reporting, and Analytics
SAP-certified APIs
SAP PRA-designed Gross Revenue Calculations
Operated Payout Terms for specific Payout scenarios
Payout tracking for Venture with single or multiple Cost Centers
Penalty provisions defined at the Carried Interest Owner level
Penalties calculated at the expense account level
Gross revenue calculated within PRA for calculations within BTP application
SAP certified APIs for master and ledger transaction data utilized in BTP application
Minimum 20 users @ $500 per user / month; 36-month contract minimum
Total contract minimum: $360,000
Customization also required; setup pricing issued upon scope definition
- Minimum contract 3 years
Operated Payout Management
Non-operated Payout Management
Inquiry, Reporting, and Analytics
SAP-certified APIs
SAP PRA-designed Gross Revenue Calculations
Operated Payout Terms for specific Payout scenarios
Payout tracking for Venture with single or multiple Cost Centers
Penalty provisions defined at the Carried Interest Owner level
Penalties calculated at the expense account level
Gross revenue calculated within PRA for calculations within BTP application
SAP certified APIs for master and ledger transaction data utilized in BTP application
Minimum 20 users @ $500 per user / month; 36-month contract minimum
Total contract minimum: $360,000
Customization also required; setup pricing issued upon scope definition
