Special Reports

Reducing your Days Sales Oustanding (DSO) easily makes the list as one of the biggest headaches in operating a business in the oilfield services space. We hear it time and time again. The fact is, there’s a lot you can do as a company to get your DSO down to a reasonable level. There are things you can do internally to speed up invoice generation, and things you can do to help your customer write you that cheque, days or weeks sooner. 

After many years in this industry - we've compiled a list of 6 of the most critical best practices we've seen companies competing in the oilfield services space following today to get paid faster and minimize their DSO.

Download the special report

In the oilfield services business, the difference between getting work and losing work often comes down to one-half of 1% on the bid. Many companies in the industry have a 10% or 20% profit margin. But companies with the best grasp of job costing are much more profitable.

Check out one of our latest special reports to hear Black Diamond's story and experience with job costing.

Download the special report

When companies in the oilfield services industry aren't set up to capture data at the source, the result is delayed customer payments that can put a real squeeze on cash flow for weeks - and sometimes even months. When data is captured in the field in real time it minimizes errors and can have a significant impact on how quickly you and your team are able to get invoices out the door, and money in the bank. 

Download one of our newest special reports to hear how Orbis Engineering started capturing data at the source to help speed their field-ticket to pay process up, improve accuracy and minimize errors in their customer billing. 

Download the special report

In the oilfield services industry, it's not uncommon for it to take 60 to even 180 days to get and invoice out the door and payment back from your customer. When it comes time to pay your own operational expenses, including payroll - this can absolutely crush your cash flow. This common problem is largely due to poor billing practices, which many oilfield service companies find themselves facing as they grow.

Check out this special report to hear how Mikisew Energy Services tackled this problem, preserved cash flow and even grew their business and profitability. 

Download the special report

Every year, companies in the energy services industry lose track of staggering amounts of fixed assets, small tools, parts and other materials and consumables. Some items are left behind at job sites, other items are lost and untold amounts are simply stolen. 

At VistaVu, we call this problem Item Mismanagement, and it can be so costly, we've made it one of our 10 Deadliest Sins of Oilfield Service Companies. Check out this free special report to learn more about how it can cost you, and what to do about it!

Download the special report

Not having the right financial controls in place can be deadly to any growing oilfield service company. So deadly in fact, it made #2 on our list of the 10 Deadliest Sins of Oilfield Service Companies.

Check out this new special report where we give some insight into Black Hills Bentonite's experience with financial controls, and what they're doing from a controls and process perspective to help keep a handle on cash moving in and out of the business.

Download the special report

Check out this free special report; the story of Edmonton Exchanger - one of your oilfield services peers. In this report we dive into Edmonton Exchanger's experience with disparate systems - one of the 10 Deadliest Sins of Oilfield Service Companies.

In this report we take you inside Edmonton Exchanger's experience with disparate systems. Hear about their journey moving from separate systems that didn't talk to each other to a centralized system for managing billing, purchasing, time entry & more.

Download the special report

After many years of bringing software solutions to oilfield product and service companies, there are 7 operational mistakes we've observed time and time again. We call these the "Seven Deadly Sins". They're sins because we shouldn't be doing them. They're deadly because they can cost you some or even most of the money you make.

Download this free special report to learn about these seven deadly sins, and how to avoid them from now on.

Download the special report

ERP solutions have been around for years – and many small to mid-sized companies have gotten along just fine without one – so why change? 

ERP is all about efficiency. The oil & gas services industry is moving at a daunting pace today – your business is growing as a result. 

In this new special report, we explore the 10 most essential questions we believe every oilfield services company should ask before purchasing an ERP solution.

Download the special report

Today, many companies in the oilfield services sector are looking to grow. Having managed their way through the challenging markets of recent years, these companies want to take advantage of stabilizing commodity prices and increasing demand for their services. Whether you're competing for new jobs, growing your service crew, or considering an acquisition, there's a good chance that your oilfield services business will be bigger (and more complex) in a year or two than it is today.

In order to maintain control of your business during this period, your processes and systems need to be running smoother and tighter than ever. Check out this free special report to learn about 4 key steps to help you get there.

Download the special report

3 Ways Software Can Help Run your Oilfield Services Business More Efficiently

Companies of all sizes in the oilfield services industry are challenged with managing the data for their growing businesses. It can be difficult trying to strike a balance between spending your time managing your business - and growing it. Check out this free special report where we share the top 3 ways that some leading players in this industry are more efficiently running their businesses so they are freed up from dealing with day-to-day minutiae to focus on driving their business forward and growing their profitability.