The JVM solution is the world's first software focused on joint venture management processes for Oil & Gas and Energy exploration and production
A solution for joint venture management, the result of a global innovation challenge, is ready to take the market by storm.
Once again, INTCOM Digital is leading the way in creating innovative solutions to facilitate corporate management processes. The launch of the new JVM (Joint Venture Management) marks INTCOM's pioneering work with an unprecedented solution for companies in the Oil & Gas and Energy industries. From now on, joint ventures will be able to simplify the processes of complying with the legal requirements for awarding exploration blocks and speed up the start of operations in a more assertive manner.
What is the new JVM for?
JVM is a technological solution focused entirely on the stages of adapting to the requirements of the concession contracts for the blocks operated for onshore and offshore production. The software facilitates, streamlines and centralizes the bureaucratic management processes of the documents required for the execution of operations, positively impacting the speed of initial procedures and financial costs. The tool's functionalities are adapted to meet and monitor compliance with regulations that mobilize both the financial and technical departments. JVM also facilitates collaboration between partner companies by integrating teams and automating processes for approving purchases and creating ballots - all in a single piece of software.
How does the JVM work?
The JVM is divided into 3 modules:
SENDER
With the SENDER module, the process of creating and sending documents to the parties involved is digitized in a simplified, integrated way and totally focused on the ultimate goal of gaining efficiency and compliance in the process. Here, the model for creating and sending reports is focused on compliance with regulations, minimizing the chance of errors or mistakes right from the start and optimizing the time it takes to adapt to the pre-established requirements.
- Organize Ballots, AFEs and Notices and other documents by status and export lists to XLS and PDF;
- Notify stakeholdersby e-mail and keep them informed of document developments;
- Speed up document preparation with templates;
- Get the result of the partnervote automatically;
- Generate reports with critical information on each document.
RECEIVER
With the RECEIVER module, the parties involved receive the document for everyone to evaluate and approve, in accordance with the specific contractual rules for the operation. This way, all the teams concerned can evaluate and forward terms or requests for approval or revision - all in an integrated manner, in real time and 100% online.
- Categorize incomingdocuments by ID, Asset and Type through automatic PDF reading
- Get collegiate decisionsapproved at up to two levels;
- Draw up letters attached to ballots directly in the application;
- Securely store all documentation with change logs;
- Ensure evidence isavailable for audits.
SHARING
After the stages of creating, sending, receiving and approving the documents, the companies need to send the final product to the competent authorities for appraisal. In order to ensure that each requirement is met in detail, an automated report is generated from the data compiled in the previous modules (SENDER and RECEIVER). BlueJVM's third module also ensures that these documents are shared, guaranteeing the integrity of the data and the security of the parties involved, based on the new General Data Protection Law (LGPD).
- Monitor the execution of each department's shippingactivities in real time;
- Manage recoveryperformance for each shipment;
- Share automatically generated financialdata;
- Store and centralize the value approvals for each shipment;
- Ensure the accuracy of data reported by PPSA by centralizing the results in a cloud application.
The JVM was born as a success story
In 2019, INTCOM Digital took part in the "Startup Factory" project, an initiative that connects large companies with new technology and innovation entrepreneurs. That's how we reached Shell, a company that chose INTCOM (out of 200 startups) to take on the challenge of developing a technological solution that would solve a problem identified by the company: Managing the processes of adapting to the bureaucratic requirements needed to carry out oil exploration and production projects in Brazil.
Until then, all the control steps for complying with these standards were carried out using communication tools that were neither integrated nor customized for this purpose (such as emails and spreadsheets). Thus, the need to generate, send, receive, evaluate and share documents ended up becoming an operational obstacle for the company's management processes.
Faced with this challenge, throughout 2020 we took part in the company's Innovation Program and dedicated ourselves to creating a technological solution that would make this whole process faster, simpler and more efficient. This gave rise to the new BlueJVM, software created by INTCOM Digital and licensed by Shell Brasil, which is now ready to take the market by storm and increase your company's efficiency.
Customization
Technology focused on adapting to the requirements of concession contracts for blocks operated for onshore and offshore production. Technology aimed exclusively at the oil and gas and energy industries.
Efficiency
Digitalized and automated control of purchase approval processes and the creation of ballots in a single piece of software, reducing operating costs and minimizing the risk of errors or delays.
Security
Security and transparency in compliance with the new General Data Protection Law (LGPD)
Do you want to know how we can optimize and reduce the costs associated with your company's digital processes?
Contact comercial@intcom.com.br