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Posts Categorised: Uncategorized

5 reasons why you should attend Infor SunSystems User Day 2017

Tuesday 16th May 2017

TouchstoneEnergy’s Infor SunSystems User Day 2017 is taking place on Thursday, 15th June 2017 at Stationers’ Hall, London. Here are five reasons why Infor SunSystems users would benefit from attending this event: INFOR KEYNOTE ADDRESS Tim Truesdale, Product Director at Infor, will give this keynote address on what Infor have been doing over the past... Read more »

Infor SunSystems in the Energy Sector User Day 2017

Thursday 11th May 2017

This is a must attend event for users of Infor SunSystems and add-on applications in the oil and gas, renewable energy, mining and downstream trading industries. In attendance will be the Infor’s Product Management team who will give an update on new and exciting developments with SunSystems and related Infor applications such as BI. A... Read more »

Transforming Spend Control Processes in 6 simple steps

Monday 24th April 2017

Step 1: Reduce Costs With Spend Control you can get the tools you need to reduce costs significantly. Spend Control can be applied enterprise-wide or on a departmental level. It’s not simply about buying cheaper stationery (although that’s possible too). Spend Control can help an IT department supplying tech to the business; a marketing team... Read more »

The Oil & Gas Industry is truly leading by example when it comes to Cloud Computing

Wednesday 29th March 2017

The ‘lower for longer’ oil price has forced upstream Oil & Gas companies to look hard at their costs Every industry faces pressure to transform and that transformation begins by aligning an organisation for greater effectiveness. This can largely be achieved by placing discipline and focus on productivity, squeezing the supply-chain to achieve better margins... Read more »

Is Your Head in the Cloud?

Tuesday 28th March 2017

The ‘lower for longer’ oil price has forced upstream Oil & Gas companies to look hard at their costs. Every industry faces pressure to transform and we all know that transformation begins by aligning an organisation for greater effectiveness. We also know that this can largely be achieved by placing discipline and focus on productivity,... Read more »

The world runs on energy

Tuesday 17th January 2017

The world runs on energy and today, the demand continues to grow. Whether companies produce, trade or consume energy, TouchstoneEnergy is the leader in delivering business systems that support the energy supply chain. We enable companies to make smarter decisions by addressing and managing business risk whilst maintaining financial control. At TouchstoneEnergy, Peter Davis leads... Read more »

Streamlining financial operations & keeping the Oil flowing..!

Thursday 17th November 2016

A volatile oil price, capital intensive projects and constant change in regulation means that oil and gas companies are constantly fighting margin pressures. Inefficient financial processes are also common to many companies, and this has become a significant area where organisations can both cut costs and operate more efficiently. With operational efficiency goes control and... Read more »

Seven Energy International removes manual business processes with the help of TouchstoneEnergy

Wednesday 12th October 2016

Moving from error prone and time consuming manual processes to automated systems with the same user experience no matter where in the world the user is located. Less than half of all international Oil & Gas companies are using automated business processes. Why..? Because most Finance and IT leaders are unable to deliver automation due... Read more »

Independent oil exploration company upgrades key business systems and processes with the help of TouchstoneEnergy

Wednesday 14th September 2016

TouchstoneEnergy has been approached by a new client with operating assets in the North Sea, which has grown to a size where the business has needed to consider improving management controls, purchase approvals, daily cost tracking, JV cutback, reporting and other business processes. In 2014 this client upgraded their accounting system from Sage Accounts to... Read more »

TouchstoneEnergy continues expansion into North America

Tuesday 30th August 2016

TouchstoneEnergy was approached by an energy trading company based in Texas to supply, implement and provide ongoing support of a new accounting & financial management system. The new client has operational offices in the USA and United Arab Emirates. They are a physical oil supply and trading company, supplying and delivering refined oil products comprising... Read more »

Infor SunSystems 6.3 Launch Event

Monday 11th July 2016

Thanks to all those who attended On Thursday July 7th TouchstoneEnergy presented with Infor, the launch of SunSystems 6.3. Those in attendance gained a first look at the new features of SunSystems 6.3 and Infor BI Q&A, exploring how they could bring benefit to their organisations. After the morning presentations, we moved into an informal... Read more »

Helpdesk Password Policy

Friday 17th June 2016

Change to TouchstoneEnergy’s help desk policy Clients are increasingly coming under scrutiny both from an audit and compliance perspective. In response to this, we have introduced a new policy around client passwords (comprising documentation that includes client passwords). Passwords will only be distributed to those users that are flagged as System Administrators on our Helpdesk... Read more »

TouchstoneEnergy launches latest module for EnergyFlow: Daily Cost Tracker Analysis & Reporting

Tuesday 7th June 2016

Track and analyse your operational expenditure by monitoring daily costs using EnergyFlow EnergyFlow, the business process management platform designed specifically for the Energy Sector delivers accurate and auditable daily cost tracking and analysis of all AFE (authorisation for expenditure) related activities. EnergyFlow Daily Cost Tracker Analysis & Reporting allows Cost Accountants to record and analyse... Read more »

Who’s Setting The World’s Oil Price..?

Monday 18th April 2016

Many industry seniors from the world’s leading ‘oil trading companies’ have attempted to draw a close on nearly two years of falling oil prices as Brent Crude rises to its highest level in 2016 so far. With the likes of Vitol, Trafigura, Mercuria, Gunvor, Novum Energy, Glencore and Castleton, who collectively trades more than a... Read more »

Spend Control – What would you want to do that for?

Tuesday 22nd March 2016

Following on from our recent feature: Spotlight on Reducing Spend in the Energy Industry, some colleagues and I were exchanging anecdotes about other favourite experiences when implementing Spend Control systems. Here is one of mine (names, locations and just about everything else changed – but the story is a true one). Download

Egyptian Upstream Operator goes-live with EnergyFlow

Wednesday 17th February 2016

Egyptian Upstream Operator goes-live with EnergyFlow AFE Automation and General Office processes fully integrated with INFOR SunSystems The Operator aims to improve compliance and reduce overspend by as much as 100%; which could result in an annual saving of up to US$1.5 million. TouchstoneEnergy’s EnergyFlow provides seamless integration with Infor SunSystems which will assist further... Read more »

Ensuring Profitability in the Energy Sector

Tuesday 16th February 2016

Online timesheets that deliver costing detail and drive automated processes for the Energy Sector. Whether you operate globally or in a single country, the need to accurately record time spent against projects is vital for cost recovery and profitability. However, for maximum return, the timesheet process must be simple and fully integrated into the financial... Read more »

Keeping the oil & gas pipelines flowing…!

Wednesday 27th January 2016

The Oil and Gas industry plays an indispensable role in an increasingly complex world. Volatile market conditions combined with the current economic downturn, sees the lowest price per barrel for 20 years. This bring obvious challenges. In recent times, there has been a surge in the number of oil and gas companies deploying new technology and... Read more »

Europe’s 5th largest renewable energy supplier automates budgeting and forecasting with TouchstoneEnergy

Thursday 21st January 2016

The 5th largest renewable energies specialist in Europe has engaged TouchstoneEnergy to work with them for the delivery of new and improved finance and integrated reporting systems. TouchstoneEnergy’s solution will bring about significant improvements including automation of budgeting and forecasting processes, supported by consolidated financial reporting. The solution is designed to better analyse any company’s... Read more »

TouchstoneEnergy has welcomed in the New Year with the launch of our new website

Thursday 21st January 2016

TouchstoneEnergy launches new website We encourage you to visit our new website and explore our extended range of services: touchstoneenergy.co.uk We welcome any feedback you may have and look forward to re-engaging with you throughout the year. If in the meantime, there is a pressing need you would like to discuss, please feel free to... Read more »

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