With a renewed focus on corporate accountability, reserves management has never been more important. Companies must ensure that they can fulfil stringent regulatory obligations by submitting accurate information on reserves and resources to governments and securities commissions. Business plans and investment funding are built and secured on the basis of actual and forecast reserves. Yet in many organisations estimating, tracking and reporting of reserves is a significant challenge. Information residing in multiple databases with inconsistent security options and data structures makes consolidating reserves information a time-consuming and difficult process.
Palantir can help. We provide integrated, standard, secure and auditable solutions for reserves tracking and reporting. Our applications give engineers, business teams and reserve managers a powerful, scalable workflow for estimating, tracking and reporting of technical and economic reserves. You will gain increased transparency into your reserves booking and tracking process and have greater confidence in the reported numbers. With Palantir you can quickly generate standard corporate and government reports at all the key stages in your corporate reporting cycle.
Palantir provides the power, flexibility and integrated workflow you need to:
- Evaluate, approve, reconcile, report and manage reserve values and revisions
- Consolidate reserves information and forecasts from multiple data sources
- Manage and track reserve additions and changes
- Meet corporate and regulatory reserves reporting requirements
Palantir builds solutions to fit your business. All our applications are configurable and customisable. They readily adapt to suit your organisation and environment.