Connected, cloud-based solutions for oilfield service organizations
Whether you provide offshore drilling and construction, hydraulic fracking, inspection, cementing, surface data logging, subsea equipment, 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 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 for your business and your clients.
Get a complete view of operations with an ERP tailored for oilfield service processes
Oilfield services organizations that partner with Rand Group for long-term business solutions have the opportunity to get better insights into resource utilization, keep projects on track, eliminate costly inefficiencies, and boost performance tracking of their machinery and industrial assets. Rand Group’s industry and ERP experts combined with the power of Microsoft, NetSuite, and other leading 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 and Oracle NetSuite Solution Provider.
Streamline resource scheduling and skill tracking
Quickly determine which projects can be capitalized, equipped, and staffed for success, and avoid project delays due to scheduling conflicts. Efficiently track which team members have certain skills and certifications.
Control the equipment lifecycle
Track drilling, rig, fracking, and other equipment activity from beginning-to-end, including costing and revenue, plus leverage real-time insights to optimize operations and reduce costs.
Monitor 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.
Build a strong 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, including 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 their mobile device or tablet to access the software and enter ticket information, then 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 your chosen ERP solution for maximum efficiency.
Manage equipment rentals in a single solution
Many oilfield services companies rent out equipment from drill bits to mud pumps and light towers to supply vessels. Managing contracts, scheduling your assets to maximize utilization, maintaining a readily available replacement parts inventory, and keeping equipment on a carefully planned maintenance schedule requires more than just an Excel spreadsheet.
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 that sits on top of and integrates with Dynamics 365, a leading ERP solution.
Rental equipment functionality included in Rand Group’s custom module includes:
- Ability to take equipment “off rent” to avoid conflicts
- Flexible terms and billing based on daily, monthly, or other rate calculation such as feet of pipe for individual contracts
- Maintenance and resource scheduling to optimize utilization
- Inventory management of equipment replacement parts
- Flagging of returned equipment for maintenance automatically
- Accounting for the depreciation of assets based on set criteria
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.
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.
Resource scheduling and project management
Every job must be managed with the utmost accuracy and complete visibility in order to maintain a positive reputation and deliver strong results for customers. An ERP system, such as one built on Microsoft or NetSuite and tailored to oil and gas companies offers resource scheduling, project management, project accounting, reporting, analytics, and more all in one location to make it quick for managers to schedule and track jobs.
An ERP system from Rand Group offers customizable resource scheduling and project management functionality including:
- Up-to-date visibility into team member availability and skill set
- A scheduling assistant that offers suggestions for schedules based on skills requirements
- An estimate builder for labor, expenses, and materials
- Monitoring planned-to-actual consumption during each stage of a project
- Configurable rules and automated workflows to improve time and expense policy compliance with submissions, approvals, and reporting.
Equipment tracking, costing, and revenue management
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 and gas companies enables field service technicians to complete work faster, and allows managers to monitor operations and optimize usage.
With a solution delivered by Rand Group you can:
- Use video, screenshots, and mixed-reality annotations to collaborate in real-time from multiple different locations
- 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 to diagnose problems before they occur
- Schedule asset maintenance to create a proactive and predictive service model
- Manage inventory, assets, spare parts, and materials needed for maintenance
- Track and account for costs associated with repairs and inspections
Comply with changing safety and environmental requirements
Industry veterans and newcomers alike understand that the oil and gas industry is highly regulated and scrutinized with ever-changing environmental and safety regulations, and that 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.
With an integrated ERP solution such as NetSuite or Dynamics 365, connect data across your organization and create visibility to:
- Manage and implement asset risk and regulatory requirements
- Configure planning and desired safety outcomes with predictive analytics
- Adhere to clean water, clean air, and sustainability regulations
- Ensure compliant team member training through certifications and assessments
- Automate environmental monitoring with AI and machine learning technology
Industry-tailored solutions for oilfield service businesses from Rand Group
Rand Group is proud to offer a variety of ERP solutions built by Microsoft and NetSuite to transform the way you run your oilfield service 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. Explore Microsoft and NetSuite solutions below based on your organization’s unique needs.
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.
NetSuite ERP
NetSuite ERP gives organizations clear visibility and control of their business from financials to supply chain, order management, procurement, production management, and warehouse management. It is scalable to meet the needs of all sizes of organizations and is highly customizable to the oil and gas industry.
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
