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The Right Approach to Revenue Recognition

How much of your company’s revenue comes from contracts?  For most energy companies it is 100% or close to that.  It is important to know that General Accepted Accounting Principles (GAAP) has

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How You Can Benefit from the Recent ASU for Cloud-Based Hosting

The Cloud has been and continues to be a management service solution technology used across all industries. No matter what industry or department you are in, chances are you use some amount of

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ASC 815 Update Impacts End-of-Year Financials

The hedging standard (ASC 815) has been updated and these updates are effective for fiscal years ending after December 15, 2018* (for public entities). If your company has a hedging program, these

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Options Can Decrease Risk

Options are considered a 4-letter word among many energy executives, risk management professionals, and even traders. It is a common misperception that trading options always increases risk. They

in the press

Veritas Named Top 10 ETRM Solution Providers

Veritas is proud to share the CIO Insights special ETRM edition that was released for July 2018. Veritas was one of 10 ETRM solution providers chosen to represent the CIO Insight’s Top 10 ETRM

press release

Veritas Total Solutions Announces New Director

Veritas Total Solutions recently announced the addition of Steve Kleege as a Director, reinforcing the firm’s commitment to growth and industry expertise. Veritas has added several new clients,

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Trust: The Necessary Ingredient in Building a Productive Team

Creating a successful and high performing team can be a challenge. Dr. Bruce Tuckman synthesized team development into four basic stages including forming, storming, norming and performing. The

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Does Building a CTRM Make Sense for Your Organization?

So, your company is ready to start evaluating commodity trading and risk management (CTRM) systems. You might have a current system that no longer meets all your needs, you could have grown to a

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The Many Career Paths of Risk Management

“Teacher”, “doctor” or “baseball player” may be some of the first things that come to mind when children are asked what they want to be when they grow up. Does anyone ever say they want to be a

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5 Key Steps to Successful Transformation

NASA explains in the Tyranny of the Rocket equation that the energy required to launch anything outside of the earth’s atmosphere is massive. If you do not invest in reaching escape velocity then