For oilfield operators that are frustrated by accruals and field estimates, #PaperISTheProblem. Can’t answer the simple, “What did we spend in the field yesterday?”, #PaperISTheProblem.
The paper and spreadsheet collection of information from the field by both oilfield operator personnel and service companies and suppliers working their behalf results in increased costs, delays, inefficiencies and errors.
The only way to truly re-engineer the administrative business processes in the oilfield is to start by collecting digital information in the field and then digitally managing the workflows of this information for review, approval, reporting and interfacing with “back-end” systems including accounting, financial, payments, business intelligence, payroll and other systems.
