News | March 19, 2010

Accuracy, Robust Calculations, Highlight Qbyte PRISM 9.6 P2 Energy Solutions Expands "Facility Charge" Module

Denver, CO - Expanded analytics that feature nine new types of reports, along with more than 30 new types of calculations, are part of the improved functionality of Qbyte PRISM version 9.6, from P2 Energy Solutions. For 20 years P2 has delivered a specialized array of software and services customized to meet the unique requirements of the $80.7 billion* Canadian oil and gas industry.

Qbyte PRISM is the leading financial software in the Canadian oil and gas industry. In the 9.6 version, five areas of the Qbyte PRISM Facility Charges module have been improved to provide users with an intuitive step-by-step process for setting up and tracking charges. These improvements deliver more robust analytical tools and more accurate representation of facility flows.

"We continue to enhance Qbyte PRISM to meet the specific needs of the Canadian oil and gas industry," said Peter Huggard, Senior VP, Canadian Software Operations. "By improving the Facility Charge module of Qbyte PRISM our clients gain increased calculation functionality, electronic loading capabilities, and audit reporting."

With over 60 clients and more than 1000 users Qbyte PRISM delivers access to P2 Energy Solution's base of experienced production accountants who are familiar with the PRISM application and the Canadian oil and gas industry. Other features of Qbyte PRISM include:

  • Graphic views of monthly status by property group
  • Control Groups determine the correct order to run facilities
  • Process Optimization (ability to run only processes required)
  • User-defined formulas for most any royalty calculation
  • Indian Royalties, eliminates spreadsheet calculations and forms
  • Copy features - shorter set-up time and less keying errors.

* Government of Canada, Industry Canada, www.ic.gc.ca/eic/site/ogt-ipg.nsf/eng/home

SOURCE: P2 Energy Solutions