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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:
Using software tailored specifically for Oilfield accounting unique needs works to ensure smooth and accurate pricing, invoicing and financial analyses.
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 the data 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 vendors, purchased inventory and documents involved in every single purchase.
INTEGRATIONS
Integrate with your accounting software. (QuickBooks, QBO, Sage 50, MS Business Central, etc.)
