Entero MOSAIC Delivers the Industry’s First Automated Reconciliation Process to Increase Efficiency and Accuracy for E&P Companies

Entero Corporation, the trusted leader in upstream and midstream software solutions, is excited to release an automated reconciliation process for corporate reserves workflows. E&P organizations require an accurate and efficient method to reconcile their reserves year over year. MOSAIC is the first reserves software platform to incorporate automated functions which capture, validate, match, and reconcile data in a single database.

MOSAIC’s single source data and platform significantly reduces the time and expense associated with data gathering, entry, and manipulation. Having a unified platform continues to be more important as oil and gas companies continue receiving greater regulatory pressures and scrutiny on reporting and auditing.

“Automating the reconciliation process provides a better way for our clients to disclose information quickly and accurately with much less effort,” said Mike Lake, COO for Entero Corporation.

Clients will see immediate value through:

  • Clear, precise configuration and data quality assurance in a single platform;
  • Reduced manual intervention – multiple sortable change types, and zero custom scripts;
  • Volumes, value, and other bases of performance completed in hours, rather than weeks; and,
  • Enhanced compliance with accurate change records and audit trails.

“Whether companies use fragile, hand-crafted scripts or work through a highly manual process to complete reconciliation, the effort and timing involved are highly demanding,” said Todd Kuipers, Product Director for Entero MOSAIC. “A user configured, automated approach can reduce the chance of errors, and it takes the pressure off of teams who are completing year-end filing.”

Read Entero’s whitepaper to learn more about automating the reserves reconciliation process.

About Entero Corporation
Over 130 clients rely on Entero to provide clarity and efficiency in their critical business functions. MOSAIC is the energy industry's most complete petroleum economic, decline analysis, and reserves management solution. It is used by engineering, reserves, budgeting, capital planning, and A&D groups to evaluate both large corporate portfolios and individual reserve assets. Learn more today