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  4. KBC updates its production accounting software

KBC updates its production accounting software

Published by , Editorial Assistant
Hydrocarbon Engineering,

KBC (A Yokogawa Company) has announced the release of Visual MESA® Production Accounting (VM-PA) 4.2 for yield accounting and data reconciliation in oil, gas and chemical industrial operations. Now, VM-PA 4.2 integrates with almost all data visualisation tools for enhanced visibility of the reconciled balance data. By combining VM-PA with current or newly-adopted dashboards, accounting reports become more transparent and reliable. The result is an optimised value chain, improved quality of reconciled data, and strengthened strategic decision making.

A new feature that VM-PA 4.2 includes is dynamic data reconciliation. This production accounting software now provides a comprehensive and reliable solution. By automating and standardising the reconciled data for near real-time engineering balances, it streamlines the accounting function to produce highly-accurate financial statements.

Combining dynamic data reconciliation with enhanced visualisation and digitalisation features makes VM-PA more relevant to a broad range of industrial sectors, including oil and gas downstream, upstream, biofuels, and chemical operations. With these new features, VM-PA 4.2 eliminates routine calculations of material balances and helps clients overcome profit losses associated with human error.

“As a result of this release, VM-PA now serves as the client's single source of truth that helps merge reliable reconciled balances into decarbonisation targets fast,” concludes Federico Neira, Product Manager, VM-PA.

Read the article online at: https://www.hydrocarbonengineering.com/refining/30112022/kbc-updates-its-production-accounting-software/

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