Finance
Finance Software for the Oilfield Services Industry
Lawson Finance Management is a flexible, internet-enabled solution designed to handle all aspects of your financials. It helps save costs, supports efficient financial processes, and accounts for business activities. The solution includes accounting, budgeting, reporting, consolidation and transaction processing, with all the necessary internal controls.
Multi-currency, multi-language, multi-location, and multi-time-zone features come as standard. Because Lawson Finance Management is fully integrated with other Lawson applications, any business transaction processed within the global organization will be accounted for, so that data is current at any given point in time. Our solution for finance:
- Enables the consolidation or aggregation of a global business with multi-country, multi-company and multi-currency operations;
- Captures, analyzes and manages all financial information while linking data and business processes to facilitate internal benchmarking;
- Provides relevant business information to help managers realize their overall growth strategies.
Equipment Profitability
Not only can our solution meet your equipment accounting needs on a day-to-day process level, but also over the long-term at the equipment lifecycle profitability level. You can track the profitability of a piece of equipment from the time it comes into your operation until final disposal. You’ll be able to forecast the total cost per hour per unit and create preventative maintenance schedules accordingly. This naturally feeds into your ability to gather and use key performance metrics, creating significantly more equipment uptime and customer satisfaction.
You can focus on key lifecycle changes for an individual piece of equipment as well as the equipment’s life as a whole from a total gross profit perspective. It helps to add value to your service offerings, sales prospecting and simplifies the planning of your own future service and maintenance requirements. Our solution:
- Offers integrated, closed loop financial budgeting, online reporting and analytics for equipment profitability;
- Brings actual costs and forecasting down to the level of each piece of equipment;
- Retains a complete historical account of all costs and revenues related to each piece of equipment over the lifecycle.
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