OFS Software for Accounting and Financial Management

Working in the accounting department of an oilfield rental or service company involves dealing with:

Complex pricing – hourly, daily, weekly, monthly, pro-rated, individual discounts;
Billing cycles, by location/sublocation (wells), revenue allocation/split between wells, weekly/monthly roll outs, rentals or services only charges, invoice credits;
Invoice transfer to accounting systems and e-billing platforms;
Revenue analysis, Job Costing and Profitability analysis;

Using software tailored specifically for Oilfield accounting unique needs works to ensure smooth and accurate pricing, invoicing and financial analyses.

What if we told you that there’s a better, easier and faster way to manage all your daily activities using one single system where you can automatically convert tickets to invoices, calculate payroll, get revenue and other financial reports, and more. Sounds interesting?

Streamline your Accounting Processes with RigER

OILFIELD INVOICING

With a few clicks you can generate invoices – from simple service invoices to complex batch drilling and multi-well billing.

PRICE MANAGEMENT

Get flexible pricing abilities: discounts, daily and periodic rates, package and volume-based pricing, prices by regions and more.

BUSINESS ANALYTICS

Reports and dashboards give you insights to financial data to promote cost efficiency and improve the financial productivity

JOB COSTING

See operation results per each job, analyze profitability and define most profitable services

HR MODULE

Track employees’ hours, set up rates, calculate payroll and send all to your accounting software

INTERNAL OPERATIONS

Track non-billable time – employee and job times, in-shop repairs, maintenance and others.

SUBRENTAL

Rent-in equipment from 3rd party vendors, add those to own inventory and rent them out to clients

PURCHASES

Keep track of all the vendors, purchased inventory, the documents involved in every single purchase

INTEGRATIONS

Integrate with your accounting (QuickBooks, QBO, Sage 50, MS Business Central, etc) software

5 Benefits of Using RigER for Accounting and Finance

Having RigER as a financial management system improves such activities as customer payment schedules, credit management, and revenue tracking;
With its level of automation and tracking capabilities you can easily manage billing, track company’s revenue, invoicing, conduct cost analysis;
As most documents are generated automatically and do not require manual data entry, the number of errors reduces drastically. RigER accurately handles all the prices, rates, quantities and time periods;
RigER automates documents approval process, increases accountability, and tracks where the delays occur;
Finish your billing in hours not days or weeks. Generate invoices the from single tickets or batches with just a few clicks.

Finance KPIs

Here is how you can evaluate the efficiency of your activities. We identify 3 main key performance indicators here.

Sales Cash Flow

Formula: Cash Flow from Sales
Unit of Measure: $K

Days Sales Outstanding

Formula: Average DSO
Unit of Measure: Days

Revenue per Employee

Formula: Total Revenue ÷ Average Employees Headcount
Unit of Measure: $K

OFS Software for Accounting and Financial Management

Streamline your Accounting Processes with RigER

Get Real-Time Financial Insights with RigER Reports

5 Benefits of Using RigER for Accounting and Finance

Finance KPIs

See what’s in it for your business