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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 there was a better, easier and faster way to manage all your activities using one single system, automatically converting tickets to invoices, calculating payroll, receiving revenue and other financial reports, and more?

Streamline Your Accounting Processes with RigER

Get Real-Time Financial Insights with RigER Reports

5 Benefits of Using RigER for Accounting and Finance

  • Having RigER as a financial management system improves activities such as customer payment schedules, credit management, and revenue tracking.
  • With its level of automation and tracking capabilities you can easily manage billing, track company revenue, invoicing, and 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 document approval processes, increases accountability, and tracks where delays occur.
  • Finish your billing in merely hours. Generate invoices from single tickets or batches with just a few clicks.

Finance KPIs

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

See what’s in it for your business.

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