In a progressive, competitive, and heavily regulated environment, managing offshore and onshore operations is often challenging for oil and gas enterprises. Besides that, without real-time information, firms are unable to leverage their people and assets as efficiently as they should. As these challenges are inherent in the modern environment, operations leaders look out for new technologies and resource optimization strategies. Bringing a paradigm shift in the oil and gas industry, LiquidFrameworks manages mobile field operations for oil and gas companies through cloud-based management solutions. Their technical expertise and domain knowledge gives them the ability to deliver valuable solutions specific to both services and operator firms within oil and gas sector. Trent Derr, President and CEO of LiquidFrameworks says, “We allow customers to get closer to their clients by providing them with accurate and timely invoices and data that other service providers aren’t able to do. In the current market that is a big differentiator for our customers.”
LiquidFrameworks’ FieldFX suite is a complete mobile field operations management solution that empowers oil and gas companies with the ability to organize and manage jobs, quotes, field tickets, personnel, equipment, contracts, price books, electronic forms, and more. The suite provides benefits including increased and accelerated revenue capture, enhanced cash flow, improved contract compliance and invoice accuracy along with better customer responsiveness.
The operations, field personnel, and accounting utilize FieldFX in the office and the field to produce a more streamlined, efficient, and valuable mobile field operations process. All of the information is at the fingertips through one centralized database for the users; price books, staff, labor rates, equipment, materials, and job related documentation are kept in one consolidated solution.
Our solution allows customers to get closer to their clients by providing them with accurate and timely invoices and data
This allows users to reduce mistakes in job quotes, invoicing, and dispatching the right equipment and people to jobs in a timely fashion is the norm.
Prior to working with LiquidFrameworks, PSC—an oilfield solutions and industrial cleaning services provider was witnessing decreased revenue due to inaccurate billing stemming from their shift tickets. They were finding shift tickets with missing consumable items, PPE charges, and other additional services that were requested onsite by the customer. PSC implemented the FieldFX software suite to meet their needs for service catalogs and pricing contracts based on specific customer agreements. FieldFX helped PSC to increase revenue, reduce costs and Days Sales Outstanding (DSO), and improve efficiencies and customer satisfaction.
FieldFX works both online and offline on an iPad, Android, or Windows-based table or laptop so the field technicians can perform the job, make changes to the ticket, attach any related photos or documents, and record any relevant site data. When the field personnel return to an area with internet access, they simply synchronize their tablet or laptop with the FieldFX cloud. The product suite consists of several seamlessly integrated modules designed to meet the unique needs of firms in the oil and gas industries like E-Field Ticketing Platform, FX Job Scheduling, FX Timecards and FX Analytics.
The company wants to assist clients streamline their processes between operations, field personnel, and accounting through FieldFX, resulting in dramatic savings and increased value. “Our sales numbers represent the importance of the FieldFX solution to the markets we serve and how well the marketplace has embraced it as a way to generate maximum revenue amid the oil price turbulence,” concludes Derr.