Download - 7 Ways to Boost Oilfield Rentals
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Confidential and Proprietary Information. BelcaSoft and RigER name and logos are trademarks of Belca Soft Corporation
All other product or service names are the property of their respective owners
Confidential and Proprietary Information. BelcaSoft and RigER name and logos are trademarks of Belca Soft Corporation All other product or service names are the property of their respective owners
© 2014 riger.ca
• Oil and Gas Equipment
• Telecom Equipment
• Drilling and Servicing Rigs
• Mobile Trailers and Camps
• General Equipment
• Tanks and Sewage Systems
• Other….
Need Specific Installation or Service
Usage: Rigs, Camps, Wellsites
Daily Rental Rate
Locations: LSD, Downhole, Well
• Tracking Service Requests
• Fields Jobs Schedule and Management
• Equipment Tracking
• Retrieving Daily Paperwork from Field Technicians
• Delays in Invoicing
• Inaccurate Invoicing
• Operations Performance Analysis
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• External Factors• Marketplace
• Competitors
• Clients
• Innovations / Products
• Internal Factors
© 2014 riger.ca
© 2014 riger.ca
Operator
Dispatcher
Accountant
Operations Manager
FT
FT
FT
FT
• Slow Invoicing
• Paperwork Headache
• Undefined procedures
• Risk of Key Persons Quit
• Poor Reporting
• Weak Visibility
• No Scalability
Hard to Grow!© 2014 riger.ca
© 2014 riger.ca
Client’sService Request
FieldService
Invoicing Client’sPayment
Dispatch
*DSO - Days Sales Outstanding
DelayDelay
Operating Cycle (75-77 days)
Average DSO* – 60 days
10-12 Days
Financial Cycle (70-72 days)
Cash Flow
DelayDelay
Delays in Invoicing
• Revenue - 10M
• Average Delay – 10 Days
• Interest rate – 5%
• Losses - $ 13,700
© 2014 riger.ca
Lost of Equipment
• Rental Fleet – 500 Units
• Average Unit Cost – 6K
• Lost per year – 0,5%
• Losses - $ 15,000
Double Entries
• Overhead – $ 50,000
Total – $ 78,700
Some Examples
1. Invoice Accurate and Faster
2. Organize Critical Business Data
3. Improve Fleet Management
4. Protect Assets
5. Enhance Respond Time
6. Measure Operations Performance
7. Build One Transparent System
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RigER: Next Day Invoicing
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Slow Invoicing
• Paper Base Systems• MS Excel Spreadsheets• Errors in Paperwork• Double Entries
Combine ServicesBy ClientBy LSDWith Specific Customer PO
Calculate Rentals Days Automatically By Each Unit
RigER Saves Operational Data
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Key Personnel Quits with Critical Business Info
• Procedures Descriptions• Unclear Business Processes• Lost Sensitive Business Data• Broken Pace
CRM Saves Clients Data
Name, Phone, E-mail of all Client contacts: Engineers, Rig Managers, Superintendents
LSD codeClientLocationDirection
Equipment Groups Serial NumbersType (for prices)Vendor
RigER Manages Your Fleet
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Inefficient Fleet Utilization
• Large Fleet Size• Fleet Geo Allocation • Units Mismanagement• Low Utilization
Know Fleet Utilization by Groups, Types, Items
Equipment by type for price-lists and clients discounts
Item Availability status:
In-StockDeployedRepairDamagedLost
Equipment Utilization by Groups, Types,Serial Numbers,Vendors
RigER Protects Your Assets
© 2014 riger.ca
Lost or Damage Rental Units
• Field Service Specific• Client Long-term Relationships• No Tracking of Equipment Moving• Lost Field Tickets or Paperwork
Equipment Tracking:
Purchase, Moving, Deployment, Damage, Repair, Assembling Kits
Unit Reports: Locations, Usage, Movement History
RigER: Faster, Accurate, Efficient
© 2014 riger.ca
Slow Answer for Client Request
• MS Excel Spreadsheets• Slow Processing• Delays and Errors• No Actual Info Available• Time Sensitive RFPs
Create service request in seconds for ongoing capture of costs and revenues associated with the job
Use laptops or tablet to access to critical business data
Never miss a revenue item again!
RigER Controls Operation Results
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Manual Reporting
• Time Consuming• No Personal KPIs• Poor Feedback• No Objective Bonuses Base
ManagementDashboards Configurable KPIDynamic Reports
Special Operations Reports: Jobs, Mileage, Client, Location, Area, Field Technician, Regular Performance
Measurement Increases Operation Efficiency by 10%
RigER: One Answer for Many Questions
© 2014 riger.ca
Different systems
• Paper-Base Systems• MS Excel Spreadsheets• MS Access• QuickBooks • Other Software
Double or Triple EnteringMultiple Sources of Truth
Inventory Control and Equipment Management
Field Service Management
Daily Tracking and Reporting
Performance Analysis
ScalabilityVisibility and Transparency
1. Model Blueprint
2. Configuration
3. Testing
4. Setup and Training
5. Going on-Live
6. Support
7. Future development
© 2014 riger.ca
RigER can be configured for any number of users and combination of
customized optional components.
There are 3 versions of software: Desktop, Cloud, and Private Cloud.
www.riger.ca
1. Invoice Accurate and Faster
2. Organize Critical Business Data
3. Improve Fleet Management
4. Protect Assets
5. Enhance Respond Time
6. Measure Operations Performance
7. Build One Transparent System
© 2014 riger.ca
Be Prepared for Next Level!