ERP solutions designed for oilfield drilling businesses

Oil and gas drillers are facing industry challenges including volatile commodity prices, ever-evolving regulations, remote management, workforce availability, and a need for improved data collection. An ERP solution built by Microsoft and delivered with customizations to your business by Rand Group can transform your day-to-day operations, help you overcome challenges oilfield drilling companies face, and deliver long-term success.

Manage your entire oilfield drilling business with a single solution

Oilfield drilling businesses that partner with Rand Group for robust ERP solutions have minimized operational costs, digitized business processes, and boosted the performance of their machinery and industrial assets. Our industry and ERP experts combined with the power of Microsoft technologies deliver connected systems with automated process and data flows, robust accounting tools, and comprehensive reporting.

Rand Group is your long-term partner to help you address industry challenges such as minimizing turnover, managing changing environmental regulations, adapting to volatile commodity prices, introducing new drilling equipment and more. We have been serving clients in the oil and gas industry – including numerous oilfield drilling companies – since 2003, and are a certified Microsoft partner.

Manage authorization for expenditures (AFE)

Set up different levels of approvals as well as a combination of dimensions that are required at each level to control expenses.

Use IoT devices and predictive analytics

Stay connected at all times with IoT sensors that transmit real-time data, allowing you to predict and detect issues with assets before they even occur.

Drive secure process and regulatory compliance

Drive efficiency with real-time access to business information across different channels, automated workflows to ensure quality and compliance, and robust reporting.

How to choose an ERP solution for you oil & gas business

White Paper

How to choose an ERP solution for your oil & gas business

From fast-changing regulations to fluctuations in international markets, oil and gas businesses need enterprise resource planning (ERP) software that is flexible, efficient, and amenable to an ever-changing landscape. In this whitepaper, our industry experts will walk you through the process of defining ERP requirements, identifying the necessary modules for your business, and finding a partner to implement the solution.

Download now

Enable remote equipment monitoring

To keep projects on track, it’s essential to increase equipment reliability, decrease downtime and unplanned outages, and schedule inspections quickly. Asset management in Dynamics 365 helps field service technicians complete work faster and helps managers monitor operations and optimize usage.

With Dynamics 365 you can:

Use video, screenshots, and mixed-reality annotations to collaborate in real-time from another location
Document calls, monitor assets through photos videos, and track important details of equipment for future reference and faster resolution
Use IoT-enabled assets for remote monitoring
Diagnose problems before they occur and schedule asset maintenance to create a proactive and preventative model
Manage inventory, assets, spare parts, and materials needed for maintenance
Track costs associated with repairs and inspections

Manage complex regulatory and environmental standards

The oil & gas industry is highly regulated and scrutinized with ever-changing environmental and safety regulations. Therefore, it is important to adhere to government regulations set by both the country or region you operate in and the country or region you might be doing business with.

Dynamics 365 connects data across your organization and creates visibility to:

Manage and implement asset risk and regulatory requirements
Ensure proper personnel training through certifications and assessment
Enable planning and desired safety outcomes with predictive analytics
Adhere to clean water, clean air, and sustainability regulations
Automate monitoring with AI and machine learning technologies

Joint interest billing

One of the complexities off the oil & gas industry is handling accounting and communication between multiple working interests and controlling joint interest billing (JIB) functions. The JIB accountants and the software systems they use to conduct their daily tasks are essential for maintaining accurate records of the financial responsibilities of each partner in an oil and gas venture and for ensuring that those costs and expenses are fairly allocated to member partners.

Financial management with Dynamics 365 tailored to oil & gas businesses allows you to:

Generate authorization for expenditures (AFE) cost estimates
Allocate overhead
Maximize billing to partners
Allocate by cost center
Create collated statements, invoices, and prepayments

Rand Group’s industry-tailored solutions for oilfield drilling businesses

Rand Group helps oilfield drilling companies choose and implement the Microsoft Dynamics 365 solution that fits their size, operational complexity, and financial requirements. Our team can support accounting, project controls, procurement, equipment, field service, reporting, and other drilling operations with connected Microsoft applications tailored to the business.

Dynamics 365 Business Central

Dynamics 365 Business Central is a strong ERP option for small and mid-sized oilfield drilling companies that need to connect financial management with projects, purchasing, inventory, equipment, reporting, and multi-company operations. Rand Group can also extend Business Central with custom oil and gas functionality such as AFE tracking, well and rig dimensions, approval workflows, and industry-specific integrations.

View Business Central

Dynamics 365 Finance & SCM

Dynamics 365 Finance and Supply Chain Management supports larger and more complex drilling organizations that need advanced financial, procurement, inventory, asset, project, and supply chain capabilities. It can help companies manage multiple entities, complex cost structures, equipment-intensive operations, and broader reporting requirements across drilling programs and operating regions.

View Dynamics 365 Finance & SCM

Dynamics 365 Field Service

Dynamics 365 Field Service helps drilling companies manage field work, equipment service, and maintenance activity. Teams can schedule and dispatch resources, manage work orders, track assets and service history, support mobile technicians, and connect field activity with inventory and financial processes.

View Dynamics 365 Field Service