Oil and Gas ERP Software | BDO IT Solutions Canada
Oil and Gas Field Service Projects are High Pressure
Oil and gas field service providers face a complicated set of tasks and responsibilities with every project. Starting with the bidding phase through to project completion and final project accounting, tracking, analyzing and controlling, managing the volumes of information can be a monumental task. Further, projects often require multiple varied resources, including engineers, logistics, housing and heavy equipment rentals which can amplify the complexity.
Margin pressures are high, timelines are tight, and trying to manage everything with spreadsheets and manual systems is counterproductive to reaching your goals.
Detached Project Teams
Resources from different offices, firms, and locations mean effective communication is both necessary and difficult. You’re dealing with different degrees of access, varying time zones and diverse requirements. Decisions get made, plans change and everyone needs to stay informed as outdated files and information can put a project at risk. With contractors, suppliers and field workers all working on their piece of the project and sharing information, you need a centralized system to offer real-time data keeping everyone working effectively toward the common goal.
Oil and gas projects quickly create an abundance of data and information, which can create accounting bottlenecks and impact project profitability. An inability to effectively monitor labor, equipment and materials can lead to manual preparation of invoices, allocating costs and payments through spreadsheets, and monitoring your budget in tedious and time consuming ways. Lacking clarity in the process can contribute to missed deadlines and will create timeline pressures along with reducing your capacity for effectively managing scope. You need access to accurate, up to date information at all times in order to properly analyze your project profitability and scope in order to make adjustments when necessary.
Oil and gas projects often work like several small projects with many contractors and field workers performing individual tasks at different stages, to reach a common goal. Tracking timelines, keeping everyone on task and supporting proper project management efforts can be difficult. You need to enable all parties on your project to stay on task, and to notify their project manager if they can’t. What’s more, you need to reduce redundant tasks and make it easier for your staff to do their job so they can improve their overall productivity and help keep your project on budget.
Whitepaper: 2014 BDO Oil and Gas Riskfactor Report
The U.S. oil and gas industry continues to thrive on the heels of a steadily improving economy, stable prices and the ongoing profitabilityDownload
We Can Help You Simplify and Succeed
BDO Solutions can bring your oil and gas service operations to a new level of control so your projects run smoothly, on time and on budget. Our oil and gas software solution, which is built using Microsoft Dynamics ERP, does more than handle your accounting needs.
“ Our month-end processing for accounts receivable used to take four people three days to close and send out customer statements. With Fuelsoft, we close accounts receivable and send out statements in one day. Issuing invoices sooner also means we are paid soon — a positive impact on our cash flow. ”Bob Jones, Controller at Bryan's Fuel —
Oil and gas software from BDO Solutions offers:
Valuable Business Insight:
Real-time data from all parties involved allows you to make critical business decisions faster, and with more confidence.
Make more informed decisions with Business Intelligence and Corporate Performance Management for increased efficiencies when it comes to planning, budgeting, forecasting, consolidation and reporting
Faster Billing & Improved Cash Flows:
Streamlined data entry, generate invoices from one source of timesheet and expense entries, and enable faster invoice payment and billing for smoother project accounting.
Know more about every stage of your project, from bidding through final accounting, so you can manage your budgets, keep track of timelines and mitigate risk.
Enable your team to upload field data, submit labor, equipment and material expenses, and communicate with management via their SmartPhone, tablet, laptop or field equipment, any time of the day or night, so you never miss anything important.
Better Client Relationships:
Know more about your clients, offer them superior customer service, and enable them to self-serve via portals for access to order history, invoices, status updates and reports.
Empower your teams to work better together by providing a platform for real-time collaboration, where everyone can access the key information they need to perform their tasks with the highest efficiency.
Manage maintenance schedules and SLAs, keep track of all your assets, and plan accordingly so your project timelines aren’t negatively impacted by a lack of proper equipment.
Brochure: Microsoft Dynamics CRM for Oil & Gas Organizations
A well-executed CRM strategy, with Microsoft Dynamics® CRM at its center, can help oil, gas, and oilfield services companies connect complexDownload
An oil and gas software solution powered by Microsoft Dynamics can assist your oil and gas services business excel and compete more effectively. Our oil and gas services software experts are ready to help your projects succeed. Contact us today!
Sonia Edmonds is a CPA, CGA with over 25 years of finance, accounting and operational experience, including 18+ years in consulting, Sonia Edmonds is the Managing Partner of BDO's IT Solutions Group, leading the team of over 200 dedicated professionals nationally. With a core focus on business process improvement and sustainable change management initiatives, Sonia and her team help lead companies implement Microsoft Dynamics ERP and CRM, Business Intelligence, Corporate Performance Management and Technology solutions to help address financial and operational challenges and increase business efficiency.
Ask Sonia a Question or Call (905) 946-2500
BDO Solutions serves clients across Canada including: Alberta, British Columbia, Saskatchewan, Ontario, Manitoba and Nova Scotia. We serve the metro areas of Vancouver, Calgary, Edmonton, Winnipeg, Brandon, Mississauga, Toronto, Barrie, Markham, Kitchener, Waterloo, Guelph, London, Red Deer and Halifax.