WELL SERVICING INDUSTRY
A Business in Constant Motion
The well servicing business is hectic - you're never standing still. You constantly have any number of coinciding jobs on the go, and are constantly facing unrelenting competitive pressure for different projects or jobs. This requires you to be mindful of ways to improve margins and grow business revenue, which can demand a reduction in operating expenses. Meeting these challenges is difficult and time consuming. To stay focused on these competing priorities, you need ways to help streamline your business processes and operations – so you can spend less time dealing with a flood of daily operational details and ad hoc requests for information and more time managing your business and focused on making key decisions to help drive it forward and accelerate profitability.
Getting access to the right information - faster
Do you struggle with having key pieces of information spread across different systems? It can be challenging to get a unified picture of your business when you have different data management systems storing different pieces of information central to operating your business. For instance, having to go to your accounting application for any financial data, and then a separate system to access data on your customers, sales reports or pipeline forecast, and then from there – a third system to take a look at data on the inventory or distribution side of your business - is an incredible drain on your time. Most small businesses begin using these basic applications for managing their data when they’re first starting out, but what about when you grow?
As a well servicing business on the rise, you simply don’t have the time to be piecing this information together manually from disconnected systems or guessing which spreadsheets or data points are most up-to-date. Disjointed sales, accounting and operational processes or systems inevitably result in bottlenecks and a reduction in productivity. Instead of focusing on managing this data, you need to be managing your team going out to a job site, evaluating project profitability and analyzing end-to-end job costs including third-party billing and payroll tied to revenue, looking for ways to reduce bill collection time and improve cash flow, and keep your Days Sales Outstanding (DSO) minimized.
 |
By combining SAP Business One and FieldVu, this creates a powerful and complete business management solution that can help you streamline your operational processes, giving you greater visibility into all aspects of your business. SAP Business One provides complete business management functions covering financials, sales, customers, inventory, and operations. FieldVu is an application that plugs seamlessly into SAP Business One that gives you all the features necessary to effectively manage the services side of your business - including costing, field ticketing, work orders, project budgeting, scheduling, and more. By combining these two powerful applications into a single system, you are freed up to focus on managing your business instead of the systems that store your data. |
Download the FieldVu brochure
FieldVu for Well Servicing - Feature Highlights
|
Electronic Billing
|
Automatically send bills electronically to customers to reduce collection time and get paid faster.
|
|
Labor
|
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.
|
|
Field Ticketing
|
Manage billing, payroll, inventory consumption, equipment maintenance and rentals - all from one screen.
|
|
Inventory Management
|
Stop writing off lost tools or equipment. Know what is on a truck or rig, what has been consumed and where your items are.
|
|
Project Budgeting
|
Follow project profitability and compare budget to actual in real-time, see whether you made or lost money for each job.
|
|
Scheduling
|
Ensure you have full visibility into scheduled jobs and are increasing employee and equipment utilization.
|
|
Unit Costing
|
Track how much it costs to operate a piece of equipment.
|