Oilfield Services (OFS)

Oilfield services (OFS) companies work in a deadline sensitive environment with intense competition, rapid growth, widely variable and sudden changes in business cycles, remote work locations and long invoicing cycles. Companies in the industry need oil and gas software that is reliable, adaptable and cost effective.

A Microsoft Dynamics NAV implementation with Sikich will provide you and your OFS company a solid foundation for growth through oil and gas software system that easily streamlines and improves your accounting, operations and administrative processes. Dynamics NAV (formerly known as Navision) improves performance by providing visibility and accountability into:

  • workforce management
  • sales and customer data
  • invoicing
  • inventory control
  • on- site service and project management
  • real-time reporting

Microsoft Dynamics NAV is a fully integrated business management system for companies in the energy sector that is flexible, configurable and cost-effective. This comprehensive solution allows you to manage growth, reduce errors, shorten the invoicing cycle and manage all critical components of oilfield services. With a seamless oilfield services ERP implementation and integration, your OFS company can focus on your mission-critical business objectives.

Oil & Gas Industry Issues

Sikich’s Microsoft Dynamics NAV software is much more than oil and gas accounting software. This oil and gas ERP system helps companies streamline and strengthen their operations in a number of areas, including:

Oil & Gas Industry Challenge

Microsoft Dynamics NAV Business ERP Solution

Field ticket and invoicing errors:

Manual process for storing data.

Tracking costs on your assembly and labor.

Availability of information.

Multiple locations.

Mitigating risk.

Enter field tickets once to reduce errors and shorten the invoicing cycle from weeks to days.

Standardized processes and tools for day-to-day data activities to save costs and obtain a competitive advantage through workload adjustment flexibility.

Accurately track labor, inventory and third-party services and compare them to budget numbers to evaluate job profitability.

Improve information flow from every internal and external OFS process, including in-the-field information, in order to make better business decisions.

Integrate and optimize all business and oilfield services processes at all locations.

Store and analyze data in one place. Access reports, past data and real-time information to review project risk, improve prioritization and reduce complexity.

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