All rights reserved. Outdated modes of data entry that involve manually keying numbers into a spreadsheet, for instance, still exist. Houston, TX USA, Custom Software Apps & SharePoint Consulting, Entrance Software Consulting - Houston Software Development, Entrance Consulting Services, Inc. 2003-2022. So accessing data from service providers and generating an invoice quickly leads to more successful resource allocation planning. In RigER you can generate and manage any type of oilfield tickets you need in your daily operations: Rental, Field, Sales, Internal Job, Maintenance, Subrental, Repairs and more. Im sure youve heard at least one person in the officemention the idea after somebody entered the wrong information in terrible handwritingor spilled coffee all over a clipboard, but is your companyready to make the leap? Paperwork or manual handling of documents can increase the chances of error and can consume valuable time. Great experience! This lack of standardization creates challenges when transferring, converting, and processing information. Streamline processes and improve service consistency. Second, the invoices are sent to enterprise resource planning (ERP) the integrated management of core business processes through software and technology and customers along with its supporting documents. ETX can receive tickets for crude oil, water, rejects, split loads, sand, oil-service hot shots, or any other oil service transaction. The expertise at Entrance Consulting stood out leaps and bounds above the others. Nate and his team were able to digest the project quickly and make numerous suggestions. In turn, this results in better decision-making and more streamlined processes throughout the entire organization. Additionally, it prevents dispatching of duplicate labor or unavailable equipment. The cloud-based app solution fosters a customized workflow to define tasks and manage business operations. Reduce DSO and improve cash flow with fast, affordable invoice funding. Create, review and submit digital field tickets for faster ticket approval and invoice submission and significantly reduced DSO. Harness the power of a single unified system where every application is completely integrated with each other. Using paper field tickets gets in the way of these goals. Research shows, however, that a lengthy, handwritten process is prone to errors and fraud. AllRightsReserved. Create monthly, quarterly, or yearly inspections & maintain historical data for any safety audits to manage business processes with more automation & user-friendly interface. RigER integrates with accounting (QuickBooks, Sage 50) and ERP (MS Business Central, NetSuite, etc. Would you like to have a free demo or have any questions about FieldEquip? For example, when you download fuel bills from one of your fuel suppliers, with the push-of-a-button, your Fuel Tax reporting, Accounts Payable, Owner-Operator Payable, Equipment files and Financial Management Systems can be updated instantly! High production and global economy stimulation The positive supply shock can trigger other factors like increased economic activity and greater employment rates. In addition, the solution provides full transparency into field operations by connecting every field equipment asset and worker to the back office for better business decision-making. Im an operator, how do I receive my ETX data? The survey touches on the urgency of the oilfield sector to adopt digital processes powered by the Internet of Everything (IoE) a method that brings together people, processes and data to make connections more relevant and valuable. One major problem we face as an industry is how vendors, service companies and operators continue to use proprietary systems with different data formats and definitions. He founded Entrance in 2003 after working as a software applications manager for Spinnaker Exploration prior to its acquisition by Norsk Hydro. The traditional process makes it more challenging for operators and service companies to stay organized and find the documents they need. The PDS E-Ticket Exchange is a professionally managed digital field ticket collection and distribution service that automates the transfer of data between logistics service providers and oil & gas operating companies. The rise of digital technology has made it easier for oilfield operators to address data management issues. This helps stakeholders maintain a record and access the updated information of a worker and even track them in real-time. Operation managers have the freedom to create job tickets and send them to crew members in real time. From artificial intelligence to robotics, organizations across verticals understand that they need to revamp their operations to stay relevant among consumers. Its the way we do business now., AXON SOFTWARE SAVES A MINIMUM OF $200,00 A YEAR IN WAGES, Youre looking at a minimum of $40-50,000 a year per person, so 5 to 10 people extra would be a considerable amount of money per year., Copyright 2022 AxonDevelopmentCorporation. Some best practices that can help mitigate supplier pricing issues include better internal communication between teams within the first two weeks of contract signing. They can create real-time data analytics and customized reports to track, measure, and analyze field operations processes. Each company is unique, which is why Oilfield Services Suite has add-on options to meet the needs of your business. Our e-ticketing solutions take the hassle out of paper-based processes for service companies and E&Ps. Businesses can face a long and tedious process of transferring information from one platform to another. Real-Time Fully Integrated Oilfield Trucking Software will save you hundreds of hours of wasted data entry. The e-ticketing app delivers digital field tickets with offline capabilities anytime & anywhere. Paper-based field tickets lead to a higher number of days sales outstanding (DSO). Time is worth far more than money. By integrating e-ticketing platforms into existing systems, they can transfer data smoothly and resolve problems in real time. But thats usually about where it ends. Get access to the digital field tickets in real-time with FieldEquip. Processing paper documents fails to add value or produce profits the way other methods can. Copyright 2022 SEE Forge creators of FAT FINGER Inc. | All rights reserved. We believe that information is an oil and gas firms largest untapped resource. Process compression can help oil and companies drive down operational costs and improve how they respond to market changes. Significant changes in workflows, business models and talent and technology are necessary to respond to market signals and maximize efficiencies. Service companies and oilfield equipment manufacturers face a similar burden because they need to manage and budget expenses. To compound the issue, a large part of the oil and gas industry also still runs on paper. Missing and slow invoicing is a thing of the past with our oil and gas accounting software for oilfield trucking, well servicing, pneumatic trucking, frac sand, water hauling, vacuum trucks, rig and crane movers. All we can do is guarantee you this: When you make full use of Axon Software for the oilfield trucking industry, you will save more time than you would with any other combination of oilfield software or petroleum dispatch software products on the market. Use your valuable time and available insights to focus on growing your business. Prior to delivery, ETX will perform all necessary data transformations, including data normalization and master data lookups. The time to invest in the digital oilfield is now. Paper-based methods reduce the ability of a company to plan for the future since it often results in delayed and inaccurate information. The manual handling of documents is time-consuming and error-ridden. The industrys once-plentiful capital has undergone a considerable decline, and it is also stuck in its old way of doing things. Broader networks lead to a higher potential for and scale of operational efficiency. Check out AR Financing for Oilfield Services companies. A study by Cisco, a worldwide leader in IT and networking, reports that technology and intelligence from data can help drive growth and improve operational processes. FieldEquip helps digitize the contract for keeping all essential documents in one place so that invoicing becomes rules driven. Field operators can now generate an error-free invoice by digitally updating the correct customers details. Measurement of Key Performance Indicators (KPIs), Monitoring to Support Outcome Based Service Contracts, Proactive Notifications to Service on Critical Faults, Industrial Equipment Manufacturers (OEMs), Commercial HVAC and Refrigeration Services, Commercial Third-Party Service Contractors. Without real-time visibility into supplier spending habits and a repository for critical information, it becomes harder to document data, reduce DSO, and increase cash flow. So when you get an Accounts Payable Invoice for a fuel bill, you could end up actually having to handle that invoice 2, 3, or even 4 times, if you need to apply it to a units history, an owner-operators charge back, and/or a fuel tax report. With electronic field tickets, all the information is stored on a tablet, Smartphone or PC to help the decision makers connect with workers on the ground. Book Your Enverus ESG Analytics Preview Today, Invoice Expediting Oilfield Services Suite, LEARN HOW PAPER FIELD TICKETS HOLD BACK YOUR BUSINESS, Related Enverus Oilfield Services Solutions. Because NO OTHER SOFTWARE offers you the level of integration, flexibility and customization to fit your unique needs as does Axon Software. What happens when the guys in the field are off the grid? Transferring data from one system to another, reconciling data by hand and trying to interpret data by eyeballing an Excel spreadsheet will continue to produce error-prone results. Relying solely on a paper-based ticketing process, however, often causes operators, administrators and auditors to encounter issues like missing, inaccurate or illegible information. Desktop or mobile, online or offline you can always create, edit, approve and sign your field tickets wherever you are. On top of that, operators neglect to approve price sheet workflow within two weeks. Ticket Management Systems: How Paper Tickets Are Costing You Money, they cannot keep up with the volume of information and demand throughout the industry, 22 days or more to process a field ticket into an invoice, worlds first snake-like underwater robot, 2012-2021 SitePro, Inc. - All rights reserved. We are here for our clients in minutes, not days. The software also streamlines operations, monitors the field, and focuses on critical tasks. As global oil production continues to outpace consumer demand, oil and gas companies have to harness new technologies to gain a competitive edge. Adopting digital, e-ticketing solutions will provide tremendous opportunities for process improvement and promote closer cooperation between operators and suppliers.