Norwegian Energy Company (Noreco) chooses BizView for support in their performance management

NCG Group has signed an agreement with the oil company Noreco regarding delivery of the leading web-based business intelligence software product BizView for support in their performance management. The Oil & Gas industry is one of the most capital-intensive industries in the world; this means that there are substantial demands for financial management, performance management and performance planning. What impact will a change in oil prices or exchange rates have for the coming months, the next three years or the next thirty years? It’s crucial for an oil company to quickly view, plan and analyze which impacts changes in key parameters have in the coming months as well as up to thirty to forty years since they form the basis for their investment calculations.

BizView will support Noreco’s processes in performance reporting, management reporting, dashboards, financial planning, budget management and forecast management in both the short term and long term perspective.

Oskar Kristiansen, CEO at NCG Group, pronounce that small and medium-sized oil companies is an important area of focus in the years to come. These companies have great demands on financial management and planning where NCG Group with its product BizView fully meets these demands at a price no one else comes close to.

For more information contact kenneth.brix@noreco.com or oskar.kristiansen@ncg-group.com

About BizView

Software product with workflow and process management for planning, forecasting, budgeting, consolidation, reports and analysis utilizing spreadsheet interface, dashboards and web technology.

For more information see www.ncg-group.com

About Noreco

Noreco is a publicly owned, independent E&P company with focus on exploration, development and production of oil and gas in Northwest Europe. Since incorporation in 2005, we have grown through license rounds and acquisitions. Noreco operates in Norway, Denmark and the United Kingdom, and employs around 80 oil and gas professionals.

About NCG Group

NCG Group is a Scandinavian software development company within Performance Management and Business Intelligence. Our main objective is to develop and market complete, innovative and cost saving software products that simplify and further develop our customer’s ability to manage their operations on a local and global market.