Aspen Operations Reconciliation and Accounting
A data reconciliation and production yield accounting solution for improved data quality
Aspen Operations Reconciliation and Accounting enables companies to accurately measure production and more effectively schedule daily operations. It boosts profitability by identifying product loss, as well as consistently problematic instrumentation, and providing decision-makers throughout the plant with critical reconciled production data. In addition, it provides an important link between ERP and manufacturing systems, generating transactional information from processes. Aspen Operations Reconciliation and Accounting is a core element of AspenTech’s aspenONE® Production Management and Execution applications.
Features
- Data reconciliation is used on a unit or plant/site-wide basis for mass and volume balances
- Utilizes raw measurements (inventories, movements, properties) and lab values as inputs
- Simulates properties, components, and product compositions based on movements over time
- Gross error detection and correction, utilizing an expert hybrid rule-based, object-oriented system
- Statistical reconciliation via the Advisor Least-Squares Reconciliation Module (ALSR)
- Loss monitoring and early warning of operational problems
- ODBC compliant architecture
- High level of built-in automation capabilities, including data import, reports, and export to ERP systems
- Ad hoc reporting and SQL querying capabilities
- Object-oriented data reconciliation engine
- Flexible system for custom configurations
- Input data checking
- Flexible units of measure
- Microsoft® Excel add-in
Benefits
- Enables accurate and agile decision-making by delivering timely and accurate information across the enterprise
- Improves productivity by supporting manual effort to research and resolve process inefficiencies
- Tracks and balances material quantities including individual components to ensure all volumes are accounted
- Reconciles and validates process information—such as production and consumption data—before it reaches the ERP system, generating daily transactional information from processes
- Publishes results to the company’s intranet site enabling collaboration and disseminates best practice reports
- Complies with corporate auditing standards