Dynamics 365
Power Platform
Dynamics
Cloud & ProductivityERP solutions for oilfield service companies
Whether you provide exploration support, drilling support, testing, clean-up, pipeline, offshore, or other oilfield services, the pressure is mounting to combat high employee turnover, higher insurance costs, new environmental regulations, and maintain high utilization. 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 services companies face, and deliver long-term success.
Streamline your operations with an oilfield services ERP solution
Oilfield services organizations that partner with Rand Group for business solutions have better insights into resource utilization and project progress, eliminated costly inefficiencies, and improved performance tracking 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, effective project management and resource scheduling tools, and equipment maintenance systems.
Rand Group is your long-term partner to help you address industry challenges such as minimizing turnover, managing changing environmental regulations, adapting to greater offshore drilling, and more. We have been serving clients in the oil & gas industry – including numerous oilfield services companies – since 2003, and are a certified Microsoft partner.
Optimize resource scheduling
Easily determine which projects can be capitalized, equipped, and staffed for success, and avoid project delays due to scheduling conflicts.
Monitor equipment lifecycles
Track beginning-to-end asset activity, costing, and revenue for equipment and leverage real-time insights to optimize operations and reduce costs.
Manage safety and environmental compliance requirements
Use a cloud-based, connected system to monitor safety before accidents occur and efficiently keep track of changing environmental regulations for every operating region.
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.
Field ticketing integration
Efficient site-job management and prompt invoicing and payment are vital to an oilfield services organization’s success. But all too often operations, such as field ticketing, follow manual, outdated processes. Today there are a number of field ticketing solutions on the market that can help your organization eliminate using paper forms, spreadsheets, and emails to track field tickets from creation to approval and invoicing. Field technicians can use a mobile device or tablet to access the software and quickly enter information into the ticket and send it to straight back to the office while still in the field.
Additionally, connecting field ticketing to your ERP software you can speed up invoice approval and the payment process. Digitalization not only makes the work easier for all parties involved in field tickets, but it also reduces the risk of human error. Rand Group has extensive experience working with various field ticketing solutions and integrating them with Dynamics 365.
Manage equipment rentals
Many oilfield services companies rent out equipment, which could range from trucks to mud pumps to light towers. Trying to manage contracts, schedule your assets to maximize utilization, maintain a readily available replacement parts inventory and keep your equipment on a carefully planned maintenance schedule requires more than just a spreadsheet of assets.
With more than 20 years of experience working with oilfield services businesses, Rand Group understands the most important functionality needed, and as such developed our own custom module to track equipment rentals with “rental tickets” that sits on top of and integrates with Dynamics 365.
Rental equipment functionality includes:
- Ability to taking equipment “off rent”
- Contract management with flexible terms and billing based on daily, monthly, or other rate calculation such as feet of pipe
- Maintenance and resource scheduling to optimize utilization
- Replacement parts inventory management
- Automatic flagging of returned equipment for maintenance
- Accounting for the depreciation of assets
Effective resource scheduling and project management
Each project must be managed with the utmost accuracy and complete visibility in order to maintain a positive reputation and deliver strong results. Dynamics 365 tailored to oil and gas companies offers resource scheduling, project management, project accounting, reporting, analytics, and more all in one location to make it simple for managers to schedule and track jobs.
Dynamics 365 offers resource scheduling and project management functionality including:
- Up-to-date visibility into resources’ availability
- A scheduling assistant that offers suggestions for schedules based on unique skills requirements
- An estimate builder for labor, expenses, and materials for each project
- Monitoring planned-to-actual consumption while projects are in progress
- Ability to configure rules and set up automated workflows to improve time and expense policy compliance with submissions, approvals, and reporting.
Case Study
Fueling growth: Conquest’s transformation with ERP
Conquest Completion Services, LLC, an oilfield services company, overcame outdated systems and disconnected processes by partnering with Rand Group to select and implement Dynamics 365 Finance & Operations. With the revolutionary ERP solution, Conquest experienced significant efficiency gains, streamlined financial and operational processes, improved cash flow, better inventory management, and real-time access to critical data.
Respond to changing safety and environmental compliance requirements
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
Rand Group’s Dynamics 365 solutions for oilfield service companies
Rand Group helps oilfield service companies choose and implement the Microsoft Dynamics 365 solution that fits their size, complexity, and operational requirements. Our team can support financial management, project accounting, field service, inventory, equipment, reporting, and other industry processes with connected Microsoft applications tailored to your business.
Dynamics 365 Business Central
Dynamics 365 Business Central is a strong ERP option for small and mid-sized oilfield service 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 workflows, integrations, rental management, and other oil and gas-specific functionality.
Dynamics 365 Finance & SCM
Dynamics 365 Finance & Supply Chain Management is designed for larger or more complex oilfield service organizations that need advanced financial management, supply chain, project accounting, asset management, procurement, and multi-entity capabilities. It can help connect high-volume and complex operations across divisions, locations, and legal entities while providing greater control and visibility.
Dynamics 365 Field Service
Dynamics 365 Field Service helps oilfield service companies manage work performed outside the office. Teams can schedule and dispatch resources, manage work orders, track customer assets and service history, give technicians mobile access, and connect field activity with ERP processes such as inventory, billing, and financial reporting.
Related Insights
Microsoft Dynamics 365 Field Service for oil and gas
Dynamics 365 Field Service helps oil and gas companies connect field crews, work orders, digital field tickets, equipment maintenance, inventory, reporting, and ERP data. Learn how D365 Field Service supports faster invoicing, better scheduling, improved visibility, and more consistent field operations.
Best ERP software for the oil and gas industry
Choosing the best ERP software for the oil and gas industry depends on company size, operations, reporting needs, and system complexity. This guide compares Dynamics 365 Finance & Operations, Dynamics 365 Business Central, Oracle NetSuite ERP, Sage Intacct, and Sage 100 to help oil and gas companies evaluate the right ERP path.
Oil and gas accounting challenges and solutions
Oil and gas accounting requires accurate cost tracking, partner allocations, field data, reporting, and controls. Learn common oil and gas accounting challenges and how ERP, integrations, automation, and industry-specific software capabilities can help solve them.