The oilfield services industry spends millions of dollars a year generating and processing invoices. Tools and processes that optimize and automate elements of the invoicing process have the potential for a big payoff in a reduction in DSO.
The reduction in DSO is a valuable barometer for efficiency gains. This white paper delves into how OFS firms can reduce DSO by:
- implementing an electronic system to capture service ticket data
- automating and increasing customer interaction for higher approval rates and more orders
- making it easier for field personnel to collaborate with back-office staff