Altius Announces Free Webinar for Enhancing Financial and AFE Management in Oil and Gas

Webinar will discuss how the Altius solution, FlexMI™ eliminates the challenges of financial planning in a spreadsheet-based solution.

SUGAR LAND, Texas, March 19, 2013 /PRNewswire-iReach/ -- Altius, a leading Business Intelligence (BI) Consultancy serving the energy industry, today announced that it is hosting a free webinar for Upstream Oil and Gas finance professionals interested in an improved solution for both financial and AFE (Authorization for Expenditure) management. 

The webinar, "Enhance Your Financial Budgeting and Planning Process", will be held on April 9 at 10am CST and led by Noel Phillips, Principal Consultant at Altius.  Phillips will discuss the importance of E&P oil and gas companies having the latest, most accurate financial data related to the budget and long-range forecasts to support executive decision making. 

Technology is dramatically changing the way energy companies budget, plan and forecast their financials.  As a result, Altius has developed FlexMI™, which provides a framework for all corporate planning, allowing users to make quicker, better informed decisions.

Most companies are operating their financial planning in a spreadsheet-based solution that is manual, time-consuming and prone to error.

FlexMI™ eliminates the manual process, helping analysts deliver financial reports to executive leadership and the board of directors in minutes, not weeks.  The solution is based on Microsoft SQL Server for relational data storage and SQL Server Analysis Services for multidimensional analysis.

Sanjay Malani, Corporate Planning and Finance at Kosmos Energy has said, "It used to take us a few weeks to build reports, but with our new planning solution based on Microsoft SQL Server, we can do it very quickly."

Whatever your budgeting process looks like, it can be mapped to the all-new FlexMI™ Planning platform for faster reporting, improved data accuracy and increased confidence in the data. 

In this 60-minute webinar, participants will learn how the Altius solution:

  • Eliminates manual processes, allowing analysts to build reports in minutes
  • Boosts confidence and reduces risk by providing fully verified financial data
  • Integrates financial planning with AFE tracking for a seamless budgeting process

To register for the free webinar, visit

About Altius
Altius specializes in the design and build of business-critical information systems that enhance business intelligence (BI) and performance management. Altius works with companies to transform their data into valuable information to gain business insight for better strategic and operational decisions.

The company's all-new management information framework, FlexMI™ delivers customizable, data-centric applications quickly and efficiently using standard Microsoft products. This data management suite includes business modeling, master data management, excel integration, workflow and hierarchical security capabilities. FlexMI™ enables organizations to perform better, both in terms of efficiency and productivity, by providing a framework for all corporate planning.

Since its inception in 1993, Altius has been translating business needs into great results using leading technologies from Microsoft for companies around the world.  For more information visit

Media Contact: Sarah Lampe Altius, 800-816-4850,

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