Digital Transformation in the Oil Patch’s Back Office – Hart Energy
Oil and gas companies have been reluctant for years to embrace new technologies, however, as younger leaders who have grown up in the digital age emerge, more and more service companies have been adopting digital transformation strategies. These digital transformations have been prudent for operational and financial benefits that bring companies long term success.
Silvertip Completions, a Midland-based provider of wireline and pumping solutions to the Permian Basin is an example of this trend. CFO Kyle Kirk joined the company and he was looking to modernize the way Silvertip was doing their business. Kirk wanted to automate and streamline their order-to-cash cycles.
Kirk turned to FieldFX for the answer to achieve the goals he had set. FieldFX captured all the field data and the integration with AcctTwo, a provider of cloud-based financial management software and accounting services, Silvertip was able to bill faster and speed up their cash collections. Click here to learn more about how FieldFX and AcctTwo modernized and digitally transformed Silvertip check out the Hart Energy article.