Allow us to paint a picture for you: in you oilfield rentals business, you use a different application for all the different things you have to do on a daily basis. One system for the rental of your drilling, completion and pipeline equipment. Another for sales. Still others for finance and HR. Each time you encounter another system, you have to key in the same information. Which means you are keying it in, over and over again. Mistakes are made, that’s just the nature of the task. One employee spends several hours, or several employees may take less time to complete the work, but all their time adds up. What does this mean? In the end, lost profits.
Are you frustrated yet?
We’re sure you are. The fact is, working with disparate systems costs oilfield rentals companies just like yours time and money every day. The key issue is that all these individual systems work alone, not able to talk to each other and share information. That is why we call them, disparate.
“Disparate systems usually results in bottlenecks and suffering productivity,” says Jory Lamb, President of VistaVu Solutions. “Business owners also have difficulty making decisions, because they can’t easily find the answers they need, when and how they need them.”
According to Lamb, a company can only go so far using disparate systems. In the dynamic and growing oilfield services industry, companies have to adapt if they want to keep up. And this will eventually mean moving from disparate systems to one single system that can manage all the needs of a business, end to end, giving you a clear, 360° picture of your business.
“If you have a single system that allows you to manage your entire business from one platform, you will save time, increase efficiency, and ultimately, save money.” says Lamb. “Very importantly, you can respond more quickly to industry demands and customer needs, while still remaining competitive and innovative.”
To find out more, see below.
