JV cost-recovery, royalty & regulatory reporting automation
Automates cost-recovery, royalty and regulatory filings
- Who we serve
- Private Sector
- Category
- Energy, utilities & resources
- Value
- Cost
- Human role
- Human approves every decision
- Maturity
The problem
Without JV cost-recovery, royalty & regulatory reporting automation, teams in corporate & joint ventures carry this work manually, case by case, working through JV accounts, contracts by hand, with the cost, delay and error rate that implies.
How it works
JV cost-recovery, royalty & regulatory reporting automation automates cost-recovery, royalty and regulatory filings. The approach relies on rules, ML, document processing. It draws on JV accounts, contracts and is typically owned by teams in corporate & joint ventures. The main constraint is multi-jurisdiction rules. Where the human comes in: finance approves filings. It is scaled at leading organisations and piloted elsewhere; examples include NOCs and IOCs; see atlas Petrobras and EITI rows.
Where the human comes in
Finance approves filings
What it needs
JV accounts, contracts
What to plan for
Multi-jurisdiction rules
In the field
NOCs and IOCs; see atlas Petrobras and EITI rows
Public deployments by other organizations, listed for context. Not Sphere projects.