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Software Evaluation Features and Functions

Before you can begin comparing enterprise software solutions, it's important to understand the features and functions that you need to run your business.Below, you'll find links to comprehensive models of features and functions for several types of enterprise software, accounting, asset management, business intelligence (BI), content management systems (CMS), enterprise resource planning (ERP), human capital management (HCM), product lifecycle management (PLM), product portfolio management (PPM), relationship management, and supply chain management (SCM). These feature/function models can help you better understand vendor offerings as you compare software solutions, including

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Accounting Groups (Participating Areas/Federal Units/Waterfloods/Offshore Area of Common Interest) Features and Functions



  • Allows for detail- and summary-level accounting within the system

  • Allows for master files and entries to be made at the group level, when property-detailed well completion is part of an accounting group

  • Allows for master files and entries to be made at the detail level, when a property-detialed well completion is part of an accounting group

  • Uses the physical-detailed well completion properties to validate entries made to the accounting groups

Joint Interest Billing Features and Functions
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