Altius Unveils Innovative Planning System for the Oil, Gas and Energy Market at Winter NAPE

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Business Intelligence (BI) Consultancy Kicks off 2012 with their latest innovation, FlexMI™, which provides a highly customizable BI platform for rapidly deploying budgeting, planning and financial forecasting systems.

Altius Consulting, Inc., a leading Business Intelligence (BI) and Business Performance Management (BPM) consultancy specializing in Microsoft solutions, further expands its offering in the energy market with the announcement of FlexMI™, a leading edge planning system with capabilities designed to make budgeting, forecasting and long term planning simpler than ever for businesses and organizations of all sizes.

Altius today introduced FlexMI™, the Management Information framework their planning solution was built on.

“The last decade has witnessed a growing trend - the planning and forecasting process escaping centralized control and beginning to exist solely with individuals...embedded in countless Excel files that sprawl over desktops, network shares and USB drives. Rather than fight this change Altius has, with FlexMI™, allowed end users to continue using the tools they rely on every day while making 'one version of the truth' a reality.” – Noel Phillips, Altius Principal Consultant

There are several international Oil and Gas Exploration and Production Company’s enjoying the benefits of Altius’ planning products with cost savings in the six figure range, all made possible by the new FlexMI™ framework. FlexMI™ was first used in 2010 to upgrade a major E&P units forecasting and planning system to give its financial analysts more timely access to information. The best solution was the FlexMI™ planning product. This implementation saved thousands of dollars in annual maintenance charges and enabled faster, more flexible group forecasting and planning.

"Altius’ solution was exactly what we needed for our business. They worked closely with us to understand our requirements and guided us through a cost-effective project to deliver the planning tool we needed in less than three months." Brian Progar, Kosmos Energy

This data management suite includes master data management (MDM Studio), authorization for expenditure (AFE Tracker) and proven Reserves Management. Altius will introduce the all new FlexMI™ products to thousands of oil and gas professionals at the Winter NAPE Expo on Feb 23rd and 24th at Houston's George R. Brown Convention Center. They will be exhibiting at booth #3261. Make sure and visit them to receive your NAPE show promotion on their planning software and services.    

Attendees at NAPE will be able to discuss with Altius experts how the new products respond to their planning needs. In addition, they will be able to view a FlexMI™ demonstration, which illustrates a revolutionary approach to budgeting, forecasting and planning, reducing development and administration effort.

Altius has over ten years of experience in planning for the energy sector. Their insight provides a complete solution with support and training. For more information on FlexMI™ for Energy, visit

Follow Altius Consulting on Twitter @AltiusBI


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