When it comes to oil and gas field service, every second and every dollar counts. Operational inefficiencies can cause oil field service businesses to leak profit potential at every turn. However, you can access quick, easy, and affordable solutions to optimize oil and gas field service operations.
When you are seeking to optimize your oil field service operations, perhaps the simplest place to start is your field service ticketing process. How do you document and manage your oil field service projects? If you are involved in a paper process, you are likely spending a lot of time and money on the administrative work. Traditional field ticketing requires:
The solution? Optimized field ticketing software solutions. According to a report by World Economic Forum, “Digital transformation in the Oil and Gas industry could unlock approximately $1.6 trillion of value for the industry, its customers and wider society.” Software features streamline the ticketing process:
Within the oil and gas industry, the majority of services require a crew of people to go on-site for an extended period. For every person assigned to that job or project, you need to accumulate, save, and store that information daily for accurate billing. Old, outdated software and paper systems take extensive amounts of time while leaving windows open for error.
These troubles can be easily resolved with workflow automation. This field service software feature makes it easy to capture the labor and materials used on every project. With accurate, up-to-date visibility on these resource allocations, you can also automate your scheduling process. Best of all, with all of this data sorted in the designated project, you can effortlessly build reports and invoices.
The path between project tickets and oil field service invoices is filled with landmines of potential miscommunications. You can efficiently and effectively build invoices when you optimize data gathering with field service software solutions.
This software can collect the information, data, tickets, and reports to automatically generate accurate invoices. With the ease of mobile signature capture, your technicians can have clients sign off on work to ensure a seamless payment approval process.
When you optimize your oil field service operations, you can unlock your company’s cash flow by reducing the service-to-cash cycle. Let’s take a look at this cycle:
These and other optimized factors can free up your company’s money—giving you more to invest back into your business.
To optimize your oil field service operations, you will need an effective software solution on your side. FieldEquip is here to help. We offer the latest technology to save your oil and gas field service business time and money while helping you deliver service that blows your competition out of the water. You can schedule a free demo or contact our professionals to get started today.
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