A Strong Foundation
PANexus is the successor to ForeFront Production Accounting Software, created and operated by Dowwest Management Accounting Ltd. from 1999 to 2008. Dowwest’s commitment to developing a comprehensive, client-driven system sets the benchmark for future enhancements by Pandell.
Production Accounting Software
Production accounting software with remote access and integrated file sharing with financial and operational systems.
Feature List:
Volumetric Reporting
- Provincial reporting for AB, BC, MB and SK, including e-data submission of S-reports, SAF/OAF, splits, and transport allowances
- Split reporting and data verification by delivery and sales volume
- Monthly inventory tracking by product at well and partner level
Revenue
- Creates journal entries for sales by product and well
- Allows data override, and manages take-in-kind transactions
- Imports revenue directly into financial systems (JVNexus/FANexus)
- Allows adjustments by editing historical data
Royalties
- Calculates and reports crown oil and IOGC royalties
- Sliding scale or fixed rate calculations on ORR and FH royalties
- Royalties module can be leased as a stand-alone product
- Exports to financial system and prevents common spreadsheet errors
- Concise royalty owner reports with full backup on calculated amounts
Benefits for O&G Companies:
Supports Multiple Provinces
PANexus is the only software for junior companies that manages production accounting for Alberta, Saskatchewan, British Columbia and Manitoba – all from the same system.
Accurate Government Reporting
Industry experts say that PANexus outperforms other software with faster response time to shifts in government reporting, tax, and royalty requirements.
Best Integration with Financial Systems
PANexus provides the highest level of financial system integration in the industry, which has proven to reduce data entry time and errors.
