Validating processing payments against thousands of meter statements
A producer may have more than 10,000 meters and receive multiple plant statements for each meter every month. The work required to verify every processing payment by linking each contract to each meter and the volumes that each processor has allocated to the producer, requires huge manual effort.
Ensure processing revenues are correct
With TIES you can load all your processing contracts into TIES and map them to the meters that are covered under each. This enables producers to get an accurate forecast of what volume and value should be at each meter so that you can verify if the payments you've received are accurate or not. And the system will generate reports to support discussions with processors around incorrect payments or other operational issues.
With our solution you have the tools to ensure your processing revenues are correct.
Apply alerts and events to analyze contract options
Accurately modeling processing options
In reviewing their processing agreements as contracts come up for renewal, producers need to accurately model many different factors (e.g. qualities, volume, prices, forward curves) in multiple scenarios to understand how to best structure their contract options. This is largely done manually today which is inefficient.
Leverage scenario analyzes in contract option negotiations
Producers can load processing agreements into TIES and the solution will calculate the best options based on volume, quality and prices, using the data already loaded in the system for the management of producer services. By moving away from the manual analysis of contracts options, you can quickly run multiple what/if analysis to develop more granular intelligence.
This equips you with the information you need to negotiate the most favorable contract options.