Move to the cloud with 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. Learn how you can strengthen your oil & gas operations by connecting systems and data to make better, faster business decisions.
Explore the functionality available in Dynamics 365 applications for oil & gas business and field service operations
- Financial Management
- Multi-Company Accounting
- Field Service
- Ticketing and Billing
- Asset Management
- Equipment Rental
- Project Management
Comply with tax regulations
Ensure compliance across various countries and regions and use multiple languages without any system customization. Capitalize on the flexible tax determination matrix and configurable tax calculation designer to satisfy local tax regulations across global operations.
Manage joint interest billing
Generate authorization for expenditures (AFE) cost estimates, allocate overhead to the appropriate parties, maximize billing to partners, allocate by cost center, and create collated statements, invoices, and prepayments.
Accurately project cash flow
Use the intelligent and customizable cash flow forecasting tool to analyze upcoming cash flow and currency requirements so that you can estimate the company’s current and future needs for cash.
Supporting multi-currency and intercompany processes
Dynamics 365 supports organizations with multiple entities that use different chart of accounts, fiscal years, and currencies. Map to shared charts of accounts and dimensions and use documents with more than one currency to reconcile intercompany balances.
Meet local and global business needs
Adapt quickly to changing market demands and drive rapid business growth by providing unified global financials. Dynamics 365 offers a rules-based chart of accounts to simplify regulatory reporting and global payments.
Customizable configuration of financial processes
Streamline asset management, efficiently track values, and reduce reporting errors with centralized, automated processes for managing your capitalized assets. Use a modern, user-friendly interface design that is flexible enough to run on any device.
Enable faster response to issues with connected field service
Transform the way you provide service by remotely monitoring and interacting with IoT-enabled assets. Diagnose problems before customers are even aware of an issue and schedule asset maintenance to create a proactive and predictive service model.
Walk a site remotely
Share a real-time view of your environment from anywhere on HoloLens, Android, or iOS devices with remote collaborators to avoid travel and reduce delays. Document calls, monitor assets through photos videos, and track important details for future reference and faster resolution.
Gain efficiencies and reduce cost
Reduce travel time, fuel consumption, and vehicle maintenance by ensuring technicians take the shortest possible route with turn-by-turn directions from your mapping provider of choice. Fit more appointments into working hours to reduce overtime costs.
Eliminate manual processes
Ditch paper forms, spreadsheets, and emails, and use a single, digital system to track field tickets from creation to approval and invoicing. Removing manual processes reduces the risk of human error and ensures accurate data.
Connect the field to the office
Allow technicians to use a mobile device or tablet to enter ticket information while onsite and send it straight back to the main office while still in the field. Integrate ticketing with your ERP software to create a seamless, real-time data flow.
Reduce the billing cycle length
Cut the time from invoice to payment by setting up rules to automatically sort and process tickets to generate invoices. Configure approval workflows to get internal sign off before invoices are sent to customers. Run reports to see which tickets and invoices and signed, sent, paid, and more.
Effortlessly create and work with assets
In Dynamics 365, assets can be created and defined manually or automatically created from work order products. Managers can use asset notes to track which asset is at each location.
Track activity, costing, and revenue for equipment
Document calls, monitor assets through photos videos, and track important details, manage inventory, assets, spare parts, and materials needed for maintenance, and track costs associated with repairs and inspections.
Enable technicians in the field
Use the mobile app to dispatch technicians and manage work orders. Technicians are able to view appointment schedules, access customer data and maps, and capture photos, videos, and voice notes while on-site.
Manage contracts and accurate records
Keep better track of your rental contracts, ensure availability, and offer flexible contract terms. Manage inventory, track out of commission equipment, and account for the depreciation of assets.
Keep your equipment running
Set practical maintenance schedules, optimize replacement parts inventory, automatically flag returned equipment for maintenance, and keep better track of breakage, so your equipment remains available when your clients need it most.
Improve service delivery
Enable staff to access equipment details through a single, mobile-friendly solution, and improve your billing efficiency and accuracy for more satisfied customers, vendors, and technicians.
Track projects efficiently
Estimate and track projects accurately by developing estimates for labor, expenses, and materials, and monitor planned-to-actual consumption while projects are in progress. Set up automated workflows to improve time and expense policy compliance with submissions, approvals, and reporting.
Use deal structures tailored for each project
Use adaptable billing models that meet your customers’ cash flow requirements. Create fixed-price, time and materials, or retainer-type contracts for your projects. Manage billing queues and add ad-hoc transactions.
Give project managers the tools they need
Improve worker efficiency with embedded Dynamics 365 functionality including dashboards, task management, scheduling, interactive Gantt charts, and work-breakdown structures.
White Paper
Five ways to know if connected field service is right for your business
Internet-ready devices are revolutionizing field service by allowing organizations to monitor equipment remotely, troubleshoot faulty devices, and often complete repairs before the customer knows there’s even a problem. Assess your organization’s readiness to move to connected field service in this guide.
White Paper
Five ways to know if connected field service is right for your business
Internet-ready devices are revolutionizing field service by allowing organizations to monitor equipment remotely, troubleshoot faulty devices, and often complete repairs before the customer knows there’s even a problem. Assess your organization’s readiness to move to connected field service in this guide.
Explore applications that encompass Dynamics 365 for Oil & Gas
Microsoft offers a range of purpose-built Dynamics 365 applications that all seamlessly connect together to manage your entire oil & gas business. View the cloud-based applications below that can transform your operations and be customized to your exact industry needs.
Dynamics 365 Finance
Dynamics 365 Finance is an intelligent business application that allows you to manage finances across the globe, automate business processes, gain efficiencies, and drive financial visibility for better decision-making.
Dynamics 365 Field Service
Dynamics 365 Field Service uses intelligent IoT, machine learning, and mixed reality capabilities to enable proactive field service operations, effective resource scheduling, and boost technician and asset productivity.
Dynamics 365 Project Management
Dynamics 365 Project Operations gives organizations the visibility, collaboration, and agility needed to drive project success by unifying opportunity management, resource scheduling, expense management, and project financials.
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.