OILFIELD CONSTRUCTION INDUSTRY
Balancing priorities
As a business in the oilfield construction, pipeline construction or facility maintenance industry, you face constant pressure in running your business to ensure third-party costs are being billed back to projects correctly and you don’t get stuck paying hard costs after a job closes. You also need the ability to get an accurate and up-to-date understanding of costs associated with all your projects – to help avoid any surprises, and ensure you’re managing those jobs properly. What's more, you require the ability to tie billing and payroll together and track those expenses back to their corresponding jobs. And as is the case with any successful, growing business – collapsing your Days Sales Outstanding (DSO) is always on your radar.
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If you’re like most small to mid-sized oilfield construction companies, you likely have systems or processes in place to help you manage all of these priorities. However, chances are they are separate systems that don’t talk to each other. So while they are capable of managing the specific data they’re required to – every time you want to compare any of this data or enter new data that impacts more than one area of your business you are required to enter it in more than one system. This creates duplicate data entry, which can lead to errors and decrease the productivity of your team. |
Growing pains
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As your business grows many of the systems you began using in your start-up days are just too limiting and don’t cut it anymore. Many of our oilfield construction clients got to a point where they found that their disparate systems were bending or even breaking to meet their needs, and that led them to look for a solution comprehensive enough to run their entire business – from general ledger to budgeting, sales, CRM, reporting, field tickets, work orders, job costing, rentals, preventative maintenance and more.
By leveraging a single application for managing your business end-to-end you can streamline your operations, achieve new levels of control, increase the efficiency of your teams, and accelerate the profitability of your business.
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Download the FieldVu brochure
FieldVu for Oilfield Construction: feature highlights
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Field Ticketing
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Manage billing, payroll, inventory consumption, equipment maintenance and rentals - all from one screen.
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Electronic Billing
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Automatically send bills electronically to customers to reduce collection time and get paid faster.
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Inventory Management
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Stop writing off lost tools or equipment. Know what is on a truck or rig, what has been consumed and where your items are.
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Job Management
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View all documents related to a project in a central repository; ensuring proper pricing is used for labour, materials and equipment.
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Labor
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See how many hours were spent on a job and what incidents (if any) have occurred. Also, see your certifications, and which are coming due.
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Preventative Maintenance
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Increase asset utilization and minimize down time in the field.
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Project Budgeting
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Follow project profitability and compare budget to actual in real-time, see whether you made or lost money for each job.
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Purchasing
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Manage purchase costs and delivery dates and ensure what you buy gets billed back to your customer.
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Scheduling
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Ensure you have full visibility into scheduled jobs and are increasing employee and equipment utilization.
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Unit Costing
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Track how much it costs to operate a piece of equipment.
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Unit Tracking
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Know how many hours were put on a unit and the components within it.
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