Assent Data

Opportune, through its Assent Data service line, provides software solutions that assist companies manage complicated financial reporting requirements. Our solutions replace existing time consuming and overly complex spreadsheets and custom reporting approaches to these reporting processes. The solutions fill the gap between your systems and your financial reporting requirements by satisfying your demand for best practice calculations that are simple, consistent, repeatable, controlled, and auditable.

Solution Benefits –

• Reduced Operational and Reporting Risks - using spreadsheets to aggregate data from multiple systems, reconciling them, and include them in calculations that probably do not meet your auditing and change control requirements is very risky.  Our solutions provide the flexibility of a spreadsheet with the  security and repeatable methodology delivered by a packaged application.   Our solution eliminates the “copy and paste” risk that exists with all spreadsheet reporting approaches.
• Industry Best Practice Methodology –we examined hundreds of different spreadsheets that our clients had programmed and took the best aspects to construct our specialty applications.
• Auditing and Change Control – all new data and changes to data are tracked to the user who performed the action and can be easily identified.  In addition, changes can be restricted to authorized users only.
• Reduced Time to Prepare Reports – standard reports streamline accounting procedures and reduces overhead costs through reductions in staff time spent managing, maintaining and updating cumbersome spreadsheets.  User guides with real world helpful hints, best practices, and other useful tips help you understand the complexity of the calculations.
• Confidence in the Results - You can check the math in a simple, repeatable fashion using standard spreadsheet features from the standard reports that are exportable to Excel. 

For more details about the Assent Data solutions, please visit the following links:

• SFAS 143 Asset Retirement Obligations
• SFAS 69 Disclosures about Oil and Gas Producing Activities

Why Assent Data solutions from Opportune?  — Our developers come from industry, consulting and public accounting backgrounds.   We understand all aspects of your challenges and have built our applications to simplify the calculations in logical components.

We work with companies of all shapes, sizes, within the oil & gas industry to help avoid the common problems we all face.   If you have any questions about our Assent Data line of products or to view an online or onsite demonstration, please call Dave Loucks at 303-872-4120 or send him an email at dloucks@opportune.com.