Custom developed
Solutions
for Joint Ventures
We are a specialized group of joint venture experts with decades of technical and operational experience in the oil and gas industry. We believe that with the right technology you can bring trust and efficieny to any Joint Venture.
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Applications
AuditIQ (AiQ)
Status: Deployed(v1.0)
AiQ was purpose built to assist joint venture auditors review invoices at scale. Instead of random sampling vouching efforts, AiQ can review an entire population of invoices and provide a report to auditors with risk indicator's that allow the auditors to focus their efforts on only problem areas.
AiQ was released in 2021 and has since been deployed on hundreds of audits assisting auditors in recovering millions of dollars, many of which would not have been recovered via a traditional audit.
jvAudit.io (An Audit Management Platform)
Status: Beta Testing (MVP)
jvAudit.io was purpose built for joint venture audit management. We wanted to develop a platform to organize all audit documents and facilitate communication between stakeholders for the purpose of executing and resolving audits with greater efficiency. With security and privacy at the center, jvAudit.io manages:
- Audit Creation
- Audit Preperation
- IR Submission
- IR Resolution
- Document Transfers / Handling
- Audit Reporting
- Exception Response & Rebuttals
- Audit Resolutions
- Metric tracking and dashboards
jvAudit.io was developed by auditors with decades of practical experience. Each feature was carefully crafted for industry standards and best practices. With letters of intent from some of the largest producers in western Canada, jvAudit.io is scheduled for enterprise release Q4 2024.
Invoice Coding Agent (Generative AI for enterprise solutions)
Status: Completed Proof of Concept
In 2023 we with the help of our strategic partners we set out to discover if generative AI could be used to assist in the coding of invoices. With the use of multi-agentic workflows we tested what generative AI could do in the following area's:
- Invoice Processing - Detecting and extracting invoice data (amounts, line items, dates, etc)
- Cost Center Selection - With access to cost centre database information, could generative AI select the correct cost center for a given line item cost.
- Account Selection - Given a chart of accounts, could generative AI select the applicable cost code accounts.
- Chat with my data - Given accurate data extraction from the processes described above could a user extract useful information from a dataset through only a chat style interface.
The results were exceptional:
- Invoice Processing: 94% Accuracy
- Cost Center Selection 91% Accuracy (Human 62% accuracy on the same test set)
- Account Selection: 100% Accuracy (Human achieved 72% accuracy on the same test set)
- Speed: Codding Agent was orders of magnitude faster at approximately 200x.
We are currently working on commercializing this POC into a secure enterprise level product with expected testing and release dates in Q1 2025.
Services
Custom Development
Our custom development service specializes in building generative AI agents designed to automate complex business workflows. Leveraging cutting-edge AI technology, we create tailored solutions that can handle tasks such as data processing, decision-making, and operational optimization, freeing your team to focus on higher-level strategic initiatives. Whether it's automating repetitive tasks, generating insights, or streamlining processes, our AI agents are built to integrate seamlessly into your existing systems, driving efficiency and reducing operational costs while improving accuracy and speed in your business operations.