AVEVA Production Accounting

AVEVA Production Accounting provides advanced capabilities for emission monitoring and enhancing reconciled material balance information. It helps refineries, petrochemical plants, and processing facilities optimize operational efficiency and sustainability by addressing unaccounted losses. This system increases efficiency through detailed data reconciliation, error detection, and closure of mass balance gaps.

The software improves accountability of feedstock and products, allowing you to track materials and yields effectively, therefore reducing inventory losses. Available as a software-as-a-service (SaaS), it supports emission tracking across the value chain, ensuring regulatory compliance and supporting sustainability objectives. AVEVA Production Accounting also offers enterprise-wide accessibility, reducing IT overhead and providing a flexible, cost-efficient solution.

Refineries can see substantial financial benefits, potentially up to $8.5 million annually, from accurate material accounting. Features of AVEVA Production Accounting include improved material accounting for raw materials, inventory, and products, reducing both unaccounted and real losses, and identifying faulty instruments to enhance bottom lines.

Key Features

• Mass and Volume Balance
• Automatic gross error detection
• Intuitive graphical user interface
• Modular plant modeling
• Validated stream categorization
• Flexible subscription model
• Composition tracking and smart constraints
• Automatic movement detection
• Flexible period definition
• Data access with inclusive third-party support

AVEVA Production Accounting is an essential component of the digital transformation journey, helping organizations achieve operational and sustainability targets effectively.