Entero ONE

Entero ONE is an Energy Trading & Risk Management (ETRM) platform with integrated plant accounting throughout.

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Multiple Solutions, ONE Platform

Today’s business challenges are difficult enough. Your tools shouldn’t be. Entero® ONE™ (E1) is an integrated ETRM and accounting platform for energy producers and midstream operators, marketers, and distributors. It’s the only system that successfully follows the molecule – to the component level – from field to financials.

E1 helps companies effectively manage both operational and accounting activities from a single application. It’s the only end-to-end system without traditional functional modules, built specifically for energy companies involved in  E&P, midstream and processing, trading, marketing and logistics.



One System. One Data Set. Real Results.

Learn how Entero ONE increased process efficiency, data accuracy and consistent reporting at an integrated energy company.

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Entero ONE Delivers

Consistency

Single platform, one set of data, commodity agnostic & cross functional.

Integrated Accounting

Automated accruals, invoicing of A/R and A/P, inventory valuation, with interface to SAP.

Data Confidence

SOX controls, role security, system preferences, master data setup, and scheduling & logistics.

Scalable System

Grows with your business. Automated accounting with daily and monthly views.

Manual Error Elimination

G/L entries booked automatically, configurable contract terms and conditions, and third party dispositions.

Get real time information and clarity of results

With E1, all primary front, mid and back office business functions operate in one ecosystem. Companies can manage any company or third- party owned commodity, through any mode of processing and logistics, with settlement in any currency.

Entero ONE delivers real time information and clarity of results by modeling business events from any source, to any destination, by any mode, while automating the accounting throughout. It captures your specific requirements and manages production, processing, and distribution operations for gas, crude oil, NGLs, refined products, and other commodities. E1 includes trading (E/CTRM), multi-modal inventory logistics, and a rich accounting system encompassing A/R, A/P, inventory valuation, joint venture, tax, credit, and financial accounting.

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Entero ONE Features

E1 provides a single source of truth for trading and marketing, contract management, scheduling, logistics, production, credit, risk, asset management, joint venture, and financial accounting. General features include:

Get meaningful operational information, and accounting data from the same system.

While the accounting view of results is essential for regulatory compliance, operational management is focused on current and future events.

The accounting view of each period is an accumulation of actual transactions for the period and adjustments of transactions from prior periods (PPA’s). These prior period adjustments are often significant enough to distort the actual period operating results. This phenomenon exists in every industry, but it is particularly pronounced in the oil and gas industry where accounting typically lags between one and three months behind the actual event.

Operations management balances the supply and demand of products and services. To achieve this, operations management needs to know what actually occurred in the past, as well as what is scheduled and forecast to occur in the future, including risk positions.

Scheduled (short term) and forecast (long term) supply and demand are constantly changing on a daily basis. By contrast, the accounting view of the future is set in an annual budget. While this is a useful tool to compare actual results to a plan, it is not a useful operational tool for dynamically balancing supply and demand.

E1 provides both accounting and operational views of all business events for the past, present, and future, satisfying both operational and accounting requirements from the same underlying data.

Gain process control and effective knowledge transfer. Entero ONE includes a tool that helps define customized, step-by-step workflows.

Workflows establish processes and track adherence. Each workflow task defines the action required, staff assignment, and tracks who completed it and when. Desk manuals or binders can be converted into a powerful administrative control and training tool.

Efficient, streamlined, cross-functional business processes are made possible with E1.

Achieve personnel efficiency with work spaces customized to each role and user. Role definitions are configurable by system administrators to control which work spaces are available to each role, and determine what the read/write privileges are for each field in each work space.

One or more users may be assigned to a role. Users may also customize their work space layouts, column orders, labels, and sort orders, and save those settings as their individual preferences. This restricts the portion of the system that is available to each user, and provides the most effective work space layouts for each job function.

See a unique graphical schematic for specific details within any logistical infrastructure. A graphical view allows users to easily see where the product is moving, and what deals and inventory positions are associated with every location.

This functionality reduces training time, set-up errors, and cycle times. Users can click on any point in the schematic and immediately access additional information. This graphical display is the fastest way to validate infrastructure set-up and train new employees.

Configure reports without programming. With authorized access, E1 clients can create both simple and/or complex reports.

Easily adjust reports for formatting, column display, totals, etc. Create new reports from scratch, or modify existing reports to meet unique requirements. All reports can be set up with specific parameters, scheduled, and emailed automatically within the E1 application without additional programming.

Simplify system integration with Entero ONE. The system includes over 30 interfaces to different industry applications, and 30 additional interfaces for general client use.

These interfaces significantly increase efficiency and data quality. Standard export data providers, and import staging areas are provided for each major object class. Configurable alias management is also available for each major object class. These functions support multiple volumetric, financial, price, analysis, and transactional interfaces, in addition to various corporate accounting system interfaces.

Fully automate tax calculations. E1’s tax engine is designed to accommodate taxes for all jurisdictions and internationally.

Multiple levels of taxes are possible (e.g. city, county, state, province, district, country). Taxes can be either volume or percentage based. Multiple types of taxes are supported including excise tax, sales tax, use tax, tax on tax, as well as self assessed taxes.

Further refinements are enabled through inclusions and exclusions by location, type of cost, end use and exemptions. These features enable handling of many complex situations, to help ensure the correct taxes are accrued without the effort of manual calculations or overrides.

Eliminate functional silos with a flexible, cross-functional business model. E1 can capture virtually any business event for any commodity, automate the accounting for the event, and present the event from an accounting or operational perspective.

Make better, more timely decisions with the near real-time information E1 brings to all primary business functions.

Client Success Story

Read how Factor Gas implemented E1 for greater business insight and higher efficiency.