Acumatica Case Studies OFS International LLC

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	OFS International LLC Acumatica

OFS International LLC

Acumatica

Technology Category	Functional Applications - Enterprise Resource Planning Systems (ERP) Functional Applications - Manufacturing Execution Systems (MES)
Applicable Industries	Oil & Gas
Applicable Functions	Field Services Logistics & Transportation
Use Cases	Manufacturing System Automation Supply Chain Visibility Track & Trace of Assets
Services	System Integration
Challenge	OFSi, a field service company for the oil and gas industry, acquired the pipe services assets of Scotland’s ITS Tubular Services Holdings Limited, inheriting an aging accounting system, Sage MAS 90. The system did not provide basic accounting functions and the inventory system was not integrated with the accounting system. There was no way to track sales orders because most customers were invoiced after a sale was complete. Inventory levels were tracked based on what appeared to be in the yard. OFSi initiated a project in 2014 to upgrade the accounting system from MAS 90 to Sage 100. However, as OFSi grew, acquiring several companies, incorporating the new business units into Sage 100 was difficult due to problems with the software. OFSi couldn’t effectively do business without a primary system of accounting, and the need for a modern, integrated ERP became obvious. Read More
About Customer	OFS International LLC, also known as OFSi, is a field service company for the oil and gas industry. The company is headquartered in Houston, Texas, with additional locations in Texas and Ohio. OFSi provides premium products required in the oil and gas industry, specifically for horizontal shale drilling. The company also sells services such as pipe inspection, pipe storage, accessories, field services, and rig returns. OFSi is known worldwide for its pipe threading, which includes manufacturing of premium couplings. The company has grown over the years, acquiring several companies, which resulted in three subsidiaries. Read More
Solution	OFSi turned to Acumatica, which met all requirements and more. The team chose Acumatica because it offers an unlimited user licensing model that would save the company roughly $175,000 in user fees over Sage, and that it had an open, adaptable platform for easy integration with third party systems. OFSi purchased the on-premises version of Acumatica and has implemented the Manufacturing, Inventory, Financial and Field Service modules. It has also integrated third party solutions including Office 365 and Microsoft PowerBI. OFSi is in the midst of its fourth Acumatica implementation phase, a customized effort to help it buy, sell and monitor pipes, along with the services it sells during the use of the pipes. The company created a program that links a specific pipe order and its attributes to a bar code on the pipe that can be tracked throughout its use, and Acumatica will connect to all that data. Read More Log in to view content
Contents

Technology Category

Functional Applications - Enterprise Resource Planning Systems (ERP)

Functional Applications - Manufacturing Execution Systems (MES)

Applicable Industries

Oil & Gas

Applicable Functions

Field Services

Logistics & Transportation

Use Cases

Manufacturing System Automation

Supply Chain Visibility

Track & Trace of Assets

Services

System Integration

Challenge

OFSi, a field service company for the oil and gas industry, acquired the pipe services assets of Scotland’s ITS Tubular Services Holdings Limited, inheriting an aging accounting system, Sage MAS 90. The system did not provide basic accounting functions and the inventory system was not integrated with the accounting system. There was no way to track sales orders because most customers were invoiced after a sale was complete. Inventory levels were tracked based on what appeared to be in the yard. OFSi initiated a project in 2014 to upgrade the accounting system from MAS 90 to Sage 100. However, as OFSi grew, acquiring several companies, incorporating the new business units into Sage 100 was difficult due to problems with the software. OFSi couldn’t effectively do business without a primary system of accounting, and the need for a modern, integrated ERP became obvious.

About Customer

OFS International LLC, also known as OFSi, is a field service company for the oil and gas industry. The company is headquartered in Houston, Texas, with additional locations in Texas and Ohio. OFSi provides premium products required in the oil and gas industry, specifically for horizontal shale drilling. The company also sells services such as pipe inspection, pipe storage, accessories, field services, and rig returns. OFSi is known worldwide for its pipe threading, which includes manufacturing of premium couplings. The company has grown over the years, acquiring several companies, which resulted in three subsidiaries.

Solution

OFSi turned to Acumatica, which met all requirements and more. The team chose Acumatica because it offers an unlimited user licensing model that would save the company roughly $175,000 in user fees over Sage, and that it had an open, adaptable platform for easy integration with third party systems. OFSi purchased the on-premises version of Acumatica and has implemented the Manufacturing, Inventory, Financial and Field Service modules. It has also integrated third party solutions including Office 365 and Microsoft PowerBI. OFSi is in the midst of its fourth Acumatica implementation phase, a customized effort to help it buy, sell and monitor pipes, along with the services it sells during the use of the pipes. The company created a program that links a specific pipe order and its attributes to a bar code on the pipe that can be tracked throughout its use, and Acumatica will connect to all that data.

Impact #1	Managers with correct permissions have full transparency into OFSi financial operations in any of its four entities.
Impact #2	OFSi has reduced its invoicing time from 21 days to the same day.
Impact #3	Acumatica has introduced transparency into their systems, and quickly provides all of the information related to a specific job or customer.

Impact #1

Managers with correct permissions have full transparency into OFSi financial operations in any of its four entities.

Impact #2

OFSi has reduced its invoicing time from 21 days to the same day.

Impact #3

Acumatica has introduced transparency into their systems, and quickly provides all of the information related to a specific job or customer.

Benefit #1	Avoided $175,000 in user-fee costs and about $250,000 in customization charges
Benefit #2	100 percent Revenue Growth
Benefit #3	Reduced invoicing time from 21 days to the same day

Benefit #1

Avoided $175,000 in user-fee costs and about $250,000 in customization charges

Benefit #2

100 percent Revenue Growth

Benefit #3

Reduced invoicing time from 21 days to the same day

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Overview

OFS International LLC

Operational Impact

Quantitative Benefit