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Solutions: EMK3 Upstream - Contract Admin Module
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- Contract Admin Module -
Conveniently manage all oil, gas and NGL sales and purchase contracts in one place
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For companies that have relied on a mix of spreadsheets and paper to
document and manage various contract information, EMK3 offers the
Contract Administration Module.
The Contract Administration Module allows you to manage all oil and
gas sales contracts along with any 3rd-party purchases. Store all your
contract terms in one convenient place. This module has extensive
pricing formula support including gas plant sales with liquids. You can
monitor contract expiration dates, generate gas confirmations, and
even electronically store your executed agreements.
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Key Features
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Manage all Contract Terms: Manage all oil, gas and NGL sales
contracts and 3rd-party purchase contracts. Store all contract
terms such as begin/end dates, extension instructions, volume
obligation, delivery location, pricing formula, counter-party
contact information and more.
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Quick Deal Entry: Enter transaction terms quickly from the user
dashboard using the Quick Deal Entry form.
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Generate Confirmations, Briefs, Exhibits, and other
Documents: Print contract terms using a number of standard
reports, or create your own custom document templates and
have the document generator tool create Microsoft Word files.
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Support Gas Plant Sales: Support for gas plant sales with
liquids and processing fees.
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Support Advanced Pricing Formulas: Extensive support for
various pricing formulas such as percent or differential to index,
POP, multi-index average-high-low, tiered pricing based on
volume delivered and more.
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Document Approval Process: Set up and manage a process for
reviewing and approving contracts, including automatically
notifying each approver and recording their approval (digital
signature).
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Store Executed Contracts: Electronically store executed
contracts in the system for centralized storage and convenient
access.
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Store General Terms and Conditions: Upload your GT&C
documents for convenient document storage.
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Define Contract Alerts: Set up automated user alerting of
upcoming contract expirations that require action, such as a
written cancellation or renewal negotiation.
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Use Batch Copy/Edit Functions: Simplify data input and
maintenance with batch copy and batch edit commands. Also
use rate tables for frequently changing contract rates.
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Generate Reports: Contract Brief, Contract Status, Contract
Price, Contract Transaction, and more.
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