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So what is the real value of EnergySteward.com ? We feel
that EnergySteward.com can offer significant benefits for oil and
gas contract management. The following indicates where we
feel these primary benefits can be recognized. |
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Provides a Centralized and Secure Contract Repository
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How many contract performance opportunities are lost because contract
information is scattered throughout an organization without the
necessary accessibility to administer various contract events/actions?
How comfortable can an organization be with contracts (which form the
basis for their business transaction relationships) which are not
securely managed and organized? EnergySteward.com
provides this contract repository, in a secure environment, organized and
available to your internal company staff as well as to your external customers,
partners and vendors. Extensive security is incorporated within
EnergySteward.com which enable individuals that login to be
restricted to specific contracts related to their own company (typical
when granting access to external partners or customers). A centralized contract repository provides a
company with a comprehensive picture of their contract assets.
This contract asset picture can be valuable when dealing with credit
and/or acquisition related activities. Finally, this
contract repository is also programmatically available (read and update)
through our integration services architecture (for those companies that
have business-to-business integration requirements). |
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Provides Powerful Contract Research Tools
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Imagine, within just a few minutes, being able to view all contract
activities/actions
which might be coming due over the next few weeks. Or how about viewing
all contracts which have meter/well interests within a certain
geographic region? EnergySteward.com provides
powerful tools for researching your contracts based on virtually all
contract related information. This includes
extensive online lookups/searches, on demand reporting, personal report
scheduling (with automated email/fax delivery) and global report scheduling
(with automated email/fax delivery). These research options
can provide for significant resource and time savings to company. |
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Allows Proactive Management of Contract Relationships
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EnergySteward.com can put a company in a position to be more
proactive with their various business relationships (counterparties,
operators, etc.). The entire contract
life cycle can be managed with EnergySteward.com. This includes managing from
initial contract effective date thru primary termination and renewals. Contract
alerts, actions/activities, price & cost renegotiation dates, primary
termination dates, etc. can all be monitored and managed in a forward
looking manner using EnergySteward.com. Oversight of contract
critical events can be easily done to improve a company's contract
performance (taking advantage of favorable contract opportunities over
time). |
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Mitigates 'Critical Person' Risks
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Additional benefits can be gained by relieving some of the burden placed on contract
administrators. Once contracts are stored in a shared and
secure contract repository then many routine research requests can be
performed by other individuals within the company whom have been granted
access to EnergySteward.com. In addition, have you ever
heard the old adage "What if Susan gets hit by a bus?". A
company might be taking on a significant and unnecessary business risk
if 'Susan' is your contract administrator and 'Susan' has not been
provided with the tools necessary to easily keep your contract
information organized. An entire company wins when contract
information is accessible to the various critical parties within the
company. |
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Provides Electronic Document Archiving (Scanned Contracts, etc.)
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Electronic document storage provides significant
benefits to a company. First, it provides an electronic copy of
your critical contract assets, protecting your company from physical
site disasters
which might destroy the documents. In addition, it eliminates the
need to pull the actual hard copy contract which might otherwise be
buried in a filing cabinet or storage container. With
EnergySteward.com, you can store/save an unlimited number of
electronic documents per contract. These documents can be anything
(copies of actual contracts, amendments, spreadsheet settlement items, etc.).
These electronic contract 'correspondence' items can have effective
dates and descriptive information attached to them, offering a single
chronological view of contract artifacts. Each of these
contract artifacts can be retrieved/viewed with a click of a button. |
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Accessible Anywhere (24 x 7 x 365)
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EnergySteward.com was
developed from the ground up to utilize newer web based application and
database technologies. All that is required is a common web
browser (Internet Explorer 6.0+, Mozilla Firefox, etc.). This
accessibility provides several potential benefits for remote offices,
telecommuting employees, partner/customer access, etc.). |
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Fully Configurable
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EnergySteward.com designed to allow for nearly all aspects of contract administration to
be configured based on a company's specific requirements. A
significant part of the application deals with these 'configuration'
tasks. This provides for establishing nearly everything about your
contract repository (i.e. contract types, provision types, amendment
types, contract options, primary and counter party setup, etc.).
This 'configuration' flexibility which is built into
EnergySteward.com enables the application to be a 'custom fit' for
each one of our customers. |
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Cost Effective
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Ever wonder if powerful contract
administration software was just available for larger companies?
With EnergySteward.com we offer a wide range of pricing options for small thru
large companies.
These pricing options were designed with the recognition that there are
many companies with 'small needs' and there are also those companies
with 'larger needs'. In our pricing model, these 'needs' are
determined by the number of contract 'assets' which are expected be
managed. We feel our pricing model offers exceptional value price
points for companies, regardless of their contract asset size. Our
pricing model enables our clients to better align application costs with
actual application usage. Another
attractive benefit of our price model is that it does not require our customers to purchase
additional hardware/software (existing desktop PC's with a web browser). |
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