Improve Your Oil and Gas Business: 3 Reasons Why You Need Generwell - Micotan
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Improve Your Oil and Gas Business: 3 Reasons Why You Need Generwell

28 Sep Improve Your Oil and Gas Business: 3 Reasons Why You Need Generwell

It’s no easy task turning a profit, whether you’re running a ma and pop shop on the corner of main street or your offices span across the globe; it all comes down to the numbers at the end of the month to determine success.

That’s a to-the-point way of putting it, so let’s take a step back. To get to those end of month quotas there’s a ton of work, multiple teams or individuals, and several turning points that build up to that sweet taste of profit.

We started on the topic of business but we’re going to move into more specifics now: Profitable Operations in Oil and Gas.

If you’re tracking your assets, pipelines, facilities, job scheduling and task lists on separate software, or (heaven forbid) just on SPREADSHEETS then your company is going to fall behind the competition.

Some all-in-one solutions exist in the marketplace, but for the Oil and Gas industry, at the top of that list is Generwell.

#1 Your Job/Task Scheduler Needs to Talk to Your Asset Management

Your body has a lifecycle. You’re born, you live, you die. Simple, right?  If that’s all it was then we wouldn’t have to worry about food, shelter, clothing, doctor’s visits etc. but if you take care of your body, typically your lifecycle lasts longer.

Assets are the same thing.

Whether it’s a pipeline, a facility, equipment, a company car, it needs maintenance to extend its life.

Now you say, “Well that’s nothing new” and you’re right it’s not. This is basic business. However, it’s hard to keep track of maintenance schedules in your head. That’s why we have alarms to wake us up in the morning and calendars to keep our appointments. Assets are the same way.

By using Generwell, you have access to multiple modules, working alongside one another to help you manage and track your assets. You’re not only able to schedule jobs or projects, you can track costs, obtain AFE approval, manage equipment and create custom dashboard reports to show the business.

This can lead to longer lasting assets which equal a higher profit margin!

#2 Dashboards Save You Time and Money

Data is everything. The human brain can process about 100,000 times more data than a computer yet we still forget where we leave our keys occasionally.

You’re a busy person and don’t have time to comb through your files to find and enter numbers into a spreadsheet that calculates how efficient your facilities are, or lookup how many jobs were completed last month.

This is where dashboards come in.

A one-time setup on a dashboard gives you convenient statistics on in your business. This allows you to free up your time to be more efficient and make better business decisions.

#3 Disorganization Leads to Discord

You don’t need me to tell you that when your reports aren’t up to date before a meeting a feeling of panic sets in.

Operations say they updated it but the version you’re looking at hasn’t been updated for several months. Could they be accessing the file in a different location?

Having a central data source cleans up all those nasty versions that are flying about. Generwell is one program that your team can access, even from a mobile app, to ensure all your data is up to date in one spot.

In addition, Generwell has a report builder that allows for quick, clear, and crisp reports from the latest data your company can offer. These reports can even be automated, taking out any heavy lifting prior to that internal meeting.

Improve Your Oil and Gas Business

Getting a new software solution can seem like a daunting task. With implementation, transferring existing or legacy data, and user training you may focus on the investment of time, rather than the overall benefit.

Micotan provides industry best practice and professionals to remove the pain points of adopting a new system.

Something this astounding can’t be true, can it? When we asked our customers why they bought Generwell, there was a common theme across all: Micotan’s exemplary staff (from sales, to implementation, to post go-live support), our customizable and configurable solution and our responsiveness to our customers ongoing needs and inquiries.

Curious to hear more? Email us at inquiry@micotan.com and one of our team members will be in touch within one business day.