AFE tracking for ultimate cost control
AFE Nav brings a new level of efficiency, control and accountability to capital cost tracking systems.
With built-in process documentation, user security and a digital audit trail of approvals, AFE Nav establishes and maintains stringent internal controls over capital spending. Once a project is started, AFE Nav will track field costs and pull actual dollars invoiced from accounting. At any point throughout the project, users are able to compare accounting actuals to original AFE (authorization for expenditure) estimates.
Use AFE Nav to create a central repository of information accessible to all departments. This centralized store of AFE data can provide a secure, indelible audit trail that facilitates SOX and other compliance requirements.