Capital Budget Tracking - Software Solution

Software to manage forecasting of yearly capital budgets made up of individual projects

• Designed for use by financial and operations managers responsible for developing and managing yearly capital budget projects
• Comprehensive system includes entering and maintaining capital budget line items and ongoing quarterly revisions
• AFEs are linked to capital budgets to replace forecasted line items for up-to-date actual expenses versus capital forecast variance reporting
• Financial and operations personnel can revise forecasts throughout the year for updated projections
• Capital budget reports bring together the yearly forecasts, AFE actuals and budgets, and updated projections for an enterprise-wide capital expenditure outlook

Quorum Capital Budget Tracking

Input Data Capital budget IDs Organizational hierarchies Responsible desk IDs Placeholder projects Expenditure forecasts Revised capital forecasts

Information Managed Multiple capital project IDs Capital expenditure forecasts Linked AFEs ITD & YTD incurred costs   Processes Capture capital expenditures Accrual calculations Revised forecast calculations Deliverables Online capital budget review Capital forecast report Forecast budget to actual variance reporting

Output Data Accruals Department forecasts Department budget variances Company roll-up forecasts Company roll-up budget variances

Why Quorum Capital Budget Tracking? 

• Capital budget development tool with hierarchy roll-ups
• Combined financial and operations input to build enterprise capital budget
• Forecasts are maintained by individual responsible
• Ongoing revisions allowed as year progresses
• User-defined hierarchy for unlimited rollup capability
• Accommodate multiple budget IDs and iterations
• Audit by responsible desk ID
• Comprehensive forecast to budget actual expenditure comparison reporting
• Quick to deploy, easy to learn, and simple to use
• A component of Quorum's enterprise wide energy software solution portfolio - can be deployed stand-alone or integrated with other enterprise solutions

Quorum Capital Budget Tracking is used by various industry participants (large and small) in several sectors across the oil and gas, renewable energy and natural resource value chain.

Capital budget tracking is a key function of the Capital Budget & Management business process. Quorum provides other software solutions to support this and other related business processes.

Contact Quorum Business Solutions to learn more about the Quorum Capital Budget Tracking software solution.