ERP 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 gold 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.
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
Revolutionizing efficiency: Conquest’s ERP success story
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.
Case Study
Revolutionizing efficiency: Conquest’s ERP success story
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.
Track activity, costing, and revenue for equipment
To keep projects on track and avoid delays, it’s essential to increase equipment reliability, decrease downtime and unplanned outages, and schedule inspections quickly. Asset management software tailored to oil & gas companies 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 predictive service model
- Manage inventory, assets, spare parts, and materials needed for maintenance
- Track costs associated with repairs and inspections
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 industry-tailored solutions for oilfield service businesses
Rand Group offers a variety of oilfield services-tailored solutions built by Microsoft to transform the way you run your operations. Our team will help you evaluate and select the best solution for your business, then implement and customize it based on your specific processes.
Dynamics 365 for Oil & Gas
Dynamics 365 for Oil & Gas is a collection of end-to-end cloud solutions that manage finances, workforces, assets and equipment, projects, customers, and more. It is designed for all sizes of oil & gas companies including oilfield services, drilling, machinery, and others to connect and provide visibility to every aspect of the business.
Dynamics 365 Field Service
Dynamics 365 Field Service is a connect field service solution that uses intelligent IoT, machine learning, and mixed reality capabilities to enable proactive field service operations, effective resource scheduling, drive technician productivity, increase asset uptime, and boost customer satisfaction.
Related Insights
Top 5 2023 industry trends for the oil and gas industry and the role of modern Cloud ERP
The oil and gas industry has undergone significant transformations, and 2023 is no exception. From sustainability efforts to technological advancements, several trends are reshaping the landscape. In this blog, we will explore the top five industry trends for 2023 and how modern Cloud ERP systems can play a vital role in supporting and enhancing these developments.
Technology trends in the oil & gas industry
From rapidly-changing regulations to fluctuations in commodity prices, oil and gas businesses know the importance of staying agile and ahead of the competition. One way to combat industry changes is to stay up-to-date with the latest technology trends and evaluate if any make sense for your organization.
Digitize your oil & gas operations with a cloud-based ERP
The oil and gas industry is a volatile one, highly susceptible to fluctuations due to a variety of factors beyond just commodity prices. Because of this, businesses in the industry need the ability to make fast decisions and adapt processes to meet a changing landscape. One of the many ways to keep your business agile is through flexible software that meets your changing needs.
Let’s talk about how we can transform your business
