When you look for data in your business, is it easy to find? If your project billing and payroll are in different places, if financial data and field operational records are in no way connected, if service and repair on your rental assets is disconnected from
your dispatch, it can be challenging to know whether or not the decisions you’re making are the most appropriate.
Similarly, if the tools that you have in place at your business don’t lead to efficiency, they aren’t going to help you reach the financial goals that you’ve set for your oilfield services business. Redundant data entry can make it difficult to track inventory and equipment, sometimes leading to overbooking or under stocking. What’s more – with duplicate entries, it can be challenging to determine which jobs are making you money or losing you money – and track billing and payroll back to specific jobs correctly. All of these can increase the costs associated with doing business.
By simplifying data entry, it’s possible to cut the number of administrative hours that go into your business. By ensuring that you can quickly and easily run reports, you can quickly and easily verify that your company’s processes and the decisions that you are making are aligned with – and bringing you close to achieving – the goals that you’ve set. Similarly, an effective software application for running the day-to-day operations of your energy services business fully integrated with the rest of your core business data allows you to see complete 360-degree visibility of your business and make adjustments on-the-fly to maximize the profitability of your projects in the field.
Efficiency matters. Cutting out waste may seem like a small effort, but it contributes to something bigger. When your systems are efficient, when your data is accessible, and when your goals are in focus, you will be able to cut out waste and see a positive impact on your bottom line and the growth of your oilfield services business.
