Why use Entero ONE for financial management?

• Accounting

  Entero ONE offers a comprehensive set of accounting functions beginning with the source deal, contract, or AFE. Accrual generation and account coding are automated based on rules you define. Reviews of data can be done daily, simplifying the month-end process during tight month-end deadlines. Both operational and accounting views of information are available. Accounting workspaces are integrated with the production accounting and marketing & trading sections of the software. An online Trial Balance provides a high level review and can drill down to the journal entry level.

• Invoicing

  Automated invoicing allows for the generation of invoices from operating data (i.e. transactions). This process does not require data re-entry for invoicing. You can calculate complex, multi-level, commodity, and sales tax calculations, and even manage credit netting and net billing to cover all your invoicing needs. The system also offers you the ability to save joint interest billing invoices for monthly interfacing.

• Cash management

  Users can access comprehensive accounts receivable and payable functionality including aging, cash receipts and disbursements, credit control, credit netting, and collections. Establish risk-based credit rules to control the application’s contracting and scheduling activities.

• Inventory Management and Valuation

  Accurate inventory valuation using either FIFO, LIFO, or weighted average valuation methods. Both the Perpetual or Periodic accounting methods are supported. Inventory costs are calculated using actual activity-based costing. Detailed inventory and profitability reporting is available and is integrated with financial reporting to ensure data consistency.

• Consolidated financial reporting

  E1 supports multiple business units and legal entities, in multiple currencies. Our system automatically generates inter-business unit accounting entries when necessary. It provides you with automated currency translation, inter-BU transaction elimination, and consolidated financial reporting by legal entity hierarchy or line of business hierarchy.

• Corporate interfaces

  If you already have a corporate accounting system serving other groups, Entero ONE has established interfaces to several accounting systems, including SAP®, QByte®, and JIBLink.