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.
