Financial & Resource ManagementPurpose
1.2. Automates extraction, aggregation, and processing of operational data relating to resource extraction, revenue recognition, and market pricing.
1.3. Automates validation and calculation of royalties based on dynamically changing government legislation per resource and jurisdiction.
1.4. Automates tax calculation and apportionment workflow for multi-jurisdictional operations with variable rates and rules.
1.5. Enables auditable process logs, automated alerts for anomalies, and scheduled filing of tax data to authorities.
1.6. Streamlines automated reporting and documentation for compliance, review, and executive oversight.
Trigger Conditions
2.2. Receipt of updated market price data for key commodities.
2.3. Scheduled financial closing periods (monthly, quarterly, yearly).
2.4. Detection of updated tax/royalty regulations or new extraction contracts.
2.5. Scheduled sync with accounting or tax compliance systems.
Platform Variants
• Function/API: Automate resource extraction and revenue data fetch via OData API (ResourceMgmt/ExtractedVolumes)
3.2. Oracle Financials
• Feature: Automate use of Oracle REST APIs for transaction and ledger entry retrieval (GET /gl/transactions)
3.3. Microsoft Dynamics 365
• Feature: Automate custom Power Automate flows using Dynamics Data Connectors for royalty calculation triggers
3.4. QuickBooks Online
• Feature: Automate royalty/tax entry fetch via Reports API (GET /reports/ProfitAndLoss)
3.5. Xero
• Feature: Automate retrieve/account invoice data via Xero API (GET /invoices) for automated processing
3.6. Sage Intacct
• Feature: Automate AR and resource ledger extraction with Web Services API (readByQuery)
3.7. Tableau
• Feature: Automate royalty/tax visualization with REST API for dashboard auto-refresh
3.8. Power BI
• Feature: Automator: Schedule dataflows from tax reg sources for automated analytics (POST /refresh)
3.9. AWS Lambda
• Feature: Automate calculation scripts execution on event triggers for resource reporting
3.10. Google Cloud Functions
• Feature: Automate extraction and calculation logic in response to Pub/Sub updates
3.11. Azure Functions
• Feature: Automate scheduled calculation of royalties based on blob storage triggers
3.12. Workday
• Feature: Automate compensation and resource-linked transaction sync using Workday Reports-as-a-Service
3.13. NetSuite
• Feature: Automate journal entry extraction via SuiteTalk SOAP/REST API (GET /record/v1/journalEntry)
3.14. Coupa
• Feature: Automate supplier invoice ingestion, automate royalty rules via Coupa API (GET /invoices)
3.15. DocuSign
• Feature: Automate regulator compliance doc generation & delivery (POST /envelopes)
3.16. Salesforce
• Feature: Automate contract update triggers (Process Builder, REST API: /services/data/vXX.X/sobjects/Contract)
3.17. ServiceNow
• Feature: Automate regulatory notifications and compliance requests via Flow Designer
3.18. Slack
• Feature: Automate alerts to compliance teams on anomalies (Incoming Webhooks API)
3.19. Jira
• Feature: Automate issue creation upon calculation errors or compliance checks (POST /rest/api/2/issue)
3.20. File Storage (Dropbox, Box, Google Drive)
• Feature: Automate uploading audit-ready calculation files (API endpoint: files/upload, files.create)
Benefits
4.2. Automates compliance with dynamic regulations, reducing audit risk.
4.3. Automates real-time anomaly detection and resolution for resource management.
4.4. Reduces operational costs by automating data collation, approval, and reporting.
4.5. Increases transparency through automated, tamper-proof logs and reports.
4.6. Enhances scalability by automating processes across multiple jurisdictions and currencies.
4.7. Accelerates filing cycles by routing documentation and approvals automatically.
4.8. Automates ongoing workflow optimization using insights from audit trails and historical data.