In an environment where multiple employees are involved, dealing with various services, parts, and pieces equipment, performing different tasks based on numerous tickets – running an accurate invoicing is a significant challenge.
The ability to generate accurate invoices in a timely manner with no revenue loss has been one of the major goals for riger® since day one. During the past several years the simple invoicing mechanism has evolved to a level where riger® successfully supports every possible Oilfield invoicing scenario that our customers (and their clients) require and allows to invoice within 24 hours or less.
Just to clarify: the Invoicing Module in riger® can and will take into account everything that will generate revenue or somehow affect it – be it service provision, daily equipment rentals (from simple items to complex assets), general rentals (with different rental periods), billing cycles, etc. The Rental Service Agreement (RSA), as the document that represents a client job will act as a source for invoicing algorithm to gather pricing information, while the tickets will define the rental periods, service provision dates, quantities of services provided or equipment and so on.
Below, very briefly we will discuss some of the invoices that riger® has to offer.
Being probably the simplest type of invoice that riger® manages, the Service Invoice will only include information about service provision. The logic behind is:
Oilfield Rental Invoice
This is another type of invoice in riger®, and probably the most widely used one. It not only can include the service charges, but also equipment rentals, consumables, additional fees, etc. Main points to emphasize here are:
General Rental Invoice
This is the type of invoice that can be based on daily charges as well as other rental period charges at the same time (for example – weekly/monthly). The rental periods should be defined in riger® beforehand. Also, different settings for prices are used in the GR Price Matrix to allow flexible calculation based on those rental periods.
Batch Drilling Invoice
This is a type of a mechanism that allows to generate invoices based on well utilization schedule. Meaning the equipment that you rent out will be utilized on different wells during a job cycle. Your client provides you with the utilization schedule based on well numbers, which you record in the system and generate a batch drilling invoice based on it.
There are other invoice types that riger® offers ranging from relatively simple ones, such as:
To more complicated invoice types, which have their own specific calculation mechanisms and logic, for example:
The main point is – we have it all covered and ready for you to utilize and reduce your invoicing time to less than 24 hours. But don’t take our word for it, get in touch with us and see for yourself.
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