RigER presentation at GPS-2015

Product Presentation
Confidential and Proprietary Information.
BelcaSoft and RigER name and logos are trademarks of Belca Soft Corporation
All other product or service names are the property of their respective owners
BOOST OILFIELD RENTALS

Michael Maltsev, MBA
www.riger.ca © 2015 Belca Soft Corporation. All Rights Reserved 2
15+ years Software Development and
Implementation Experience
5+ years Oil and Gas Experience
Strong Background in Accounting and Finance,
Consulting, IT, and Business Analysis
Former CFO of Oilfield Rental Company
MBA, University of Buffalo, USAFounder andCEO of RigER

Oilfield Service and Rentals
Market Overview

www.riger.ca Copyright © 2012-2015, BelcaSoft 4
Oilfield Service
800+ Drilling Rigs inWestern Canada
Utilization 10-80%
600+ Rental Companies
Now is the best time to act!
Low Activity - Fast Implementation
Downturn
New Drilling Season Preparation

Oilfield Equipment
DownholeTools (Drill Bits, Pipe, Collars)
Well Servicing Equipment
Office MobileTrailers and Camps
Tanks, Bins and Sewage Systems
Generators and Engines, Flare Systems and Burners
Control and MeasurementSystems
Pumps and Compressors, Rig Mats
Telecom Equipment and LightTowers
Construction Equipment(Cementing, Perforating)
Other….
Oilfield Rentals
Specificor Periodic Installation and Service
Usage: Rigs, Camps,Wells
DailyRental Fee

Reasons to Grow
Cost Effective and Flexible Solution
Complexity of Equipment
Develop
Build
Service
Maintain
Low Entering Barrier to the Market

RealTimeTracking Service Requests
Field Jobs Schedule and Management
EquipmentTracking and Management
Retrieving Daily Paperwork from FT
Delays in Invoicing
Inaccurate Invoicing
Operations Performance Analysis
Overall Business Performance
Oilfield Rental Challenges
Field
Ticket
Labor
Equipment
Mileage Service
Location
Client

Rental Cash Flow and Operating Cycle
Client’s
Service
Request
Field
Service
Invoicing Client’s
Payment
Dispatch
DSO - Days Sales Outstanding
Delay
OperatingCycle (75-77days)
Average DSO – 60days
10-12Days
FinancialCycle (70-72days)
Cash Flow
Delay

Delaysin Invoicing
Revenue – 10 M
Average Delay – 10 Days
Interest rate – 5%
Losses - $ 13,700
How Can It Affect Rental Business?
Loss of Equipment
Rental Fleet – 400 Units
Average Unit Cost – 10K
Lost - 4 Units or 1%
Losses - $ 40,000
Double Entries
Overhead – $ 50,000
Example:
Total – $ 103,700

Oilfield Service and Rental
Operations Management Software
Rig Equipment Rentals v 1.0 includes
oilfield equipment rentals and service
operations:
• Service Request
• Service Schedule
• DeliveryTickets
• Rental Invoice
RigER – Rig Equipment Rentals
2012, Version 1.0

Users and Roles
Operator
Dispatcher
Accountant
Operations
Manager
FT
FT
FT
FT

Control All Operations in Real Time
Register All Clients Requests
Dispatch and Assign Tasks
Approve Tickets
Generate Invoices
Oilfield Rental
Operations
Full history of inventory tracking:
• Purchase
• Transfer
• Sub-rent
• Deployment
• Repair
• Sale
Assign Job Safety Assessment (JSA #)
to Each Job Daily
Oilfield Rentals

Operational CRM
FleetOptimization
Protect Assets
Measure Operations Performance
Build OneTransparent System
IncreaseValues of Business
Benefits
Next Day Accurate Invoicing!
10x Faster Document Flow!

Oilfield Service and Rental OMS
Price
Productivity
BestValue/Price

7 Ways to Boost Oilfield Rentals
Benefits for Entire Company

Invoice Next Day
1. Invoice Accurate and Fast
Slow Invoicing
• Paper Base Systems
• MS Excel Spreadsheets
• Errors in Paperwork
• Double Entries
Combine Services
By Client
By LSD
With Specific
Customer PO
Calculate Rental
Days Automatically
By Each Unit

Save Operational Data
2. Organize Critical Business Data
Key Personnel Quits with
Critical Business Info
• Lack of Procedures Descriptions
• Unclear Business Processes
• Lost Sensitive Business Data
• Broken Pace
CRM Saves Clients Data
Name, Phone, E-mail
of all Client contacts:
Engineers,
Rig Managers,
Superintendents
LSD code
Client
Location
Direction
Equipment Groups
Serial Numbers
Type (for prices)
Vendor

Manage Rental Fleet
3. Improve Fleet Management
Inefficient Fleet
Utilization
• Large Fleet Size
• Fleet Geo Allocation
• Units Mismanagement
• Low Utilization
Know Fleet Utilization
and Availability
Equipment by
type
for price-lists and
clients discounts
Item Availability
status:
In-Stock
Deployed
Needs Repair
Damaged
Lost
Equipment Utilization
by Groups, Types,
Serial Numbers,
Vendors

Protect Assets
4. Protect Assets
Loss or Damage
• Field Service Specific
• Client Long-term Relationships
• No Tracking of Equipment Moving
• Lost Field Tickets or Paperwork
Equipment
Tracking:
Purchase, Moving,
Deployment,
Damage, Repair,
Assembling Kits
Unit Reports:
Locations, Usage,
Movement History

Faster, Accurate, Efficient
5. Enhance Response Time
Slow Answers
• Slow Processing
• Delays and Errors
• No Actual Info Available
• Time Sensitive RFPs
Create service
request in seconds
for ongoing costs
capture and
revenues associated
with the job
Use laptops or
tablets to access
critical business
data
Never miss a
revenue item again!

Control Operational Results
6. Measure Operations Performance
Manual Reporting
• Time Consuming
• No Personal KPIs
• Poor Feedback
• No Objective Bonuses Base
Management
Dashboards
Configurable KPI
Dynamic Reports
Special Operations
Reports: Jobs, Mileage,
Client, Location, Area,
Field Technician,Regular Performance
Measurement Increases
Operation Efficiency by 10%

One Answer to Many Questions
7. Build One Transparent System
Different systems
• Paper-Based Systems
• MS Access
• QuickBooks
• Other Software
Double or Triple Entering
Multiple Sources of Truth
Inventory Control
and Equipment
Management
Field Service
Management
Daily Tracking
and Reporting
Performance
Analysis
Scalability,
Visibility and
Transparency

Oilfield Service
and Rentals
All-In-One Solution
Sales
Manufacturing
Purchase
Banking
Accounting
Work Orders
Specifications
Resources Planning
Inventory Management
Rental Agreement
Delivery Tickets
Rental Invoice
Additional Service
Serial Numbers Tracking
Clients Price Agreements
Locations and Rigs
Sales Order
Sales Invoice
Sales Shipment
Purchase Order
Purchase Invoice
Bill of Lading
Vendor Prices
Bank Accounts
Credit Cards
Cheques and Payments
GL, AR, AP
Accounting and Reports
Financial Statements

Release 2.2
May 2015

FieldTechnicians Calendar
To-do Listand Jobs Done
Days Off,Vacations
Gantt Chart
EquipmentDeployment Scheduling
Job Scheduling
Oilfield Service Report
Other Improvements
Release Features
Version 2.2

Field Technicians Calendar
• Rig Ups
• Rig Outs
• DaysOff
• Vacations
Colored by
Type and Employee
Filteredby FieldTech
CustomView
Day,Week and Month
Version 2.2

Equipment Deployment
Grouped by RentalUnits
Colored:
Rig Ups
Rig Outs
DetailedView:
DeliveryTicket
Location
Custom PeriodView
Version 2.2

Jobs Schedule
Grouped by
Client
Location
RentalAgreement
Custom PeriodView
Hyperlinkto fast open
Location
RentalAgreement
End ofJob Notification
Version 2.2

Oilfield Service Report
Grouped by
ServiceType
Location
DeliveryTicket
Custom Period
Options:
QuantityOnly
Full Report
Version 2.2

Integration & Customization
Version 2.3
InvoicingSystems
ERP and Accounting Software
Custom Programming
Full customization and configuration services to
fine tune RigER to fit the way you do business

Benefits and Advantages
Increase Value of Rental Business
Improve Cash Flow
Manage Field Service
See Entire Picture
Anywhere & Anytime

Business Requirements
Specific Needs Description
Customization Focus
Most Complex Business Case
CustomizedDemo
Proposal
Next Step

Contact Us
Call us Today!
(403) 918-5779
Visit
www.riger.ca
We are proud about RigER!
We will love to talk about
RigER Features
Customization
Special Offers
Boost Rentals!Michael Maltsev,CEO
info@riger.ca

Thank you!
Visit
www.riger.ca

RigER presentation at GPS-2015

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