The Complete Field-to-Finance Integrated Solution for Automating Field Tickets and Invoices for the Oilfield Services Industry

Lunch-and-Learn to showcase integrated electronic field ticket and PIDX compliant e-invoicing solution for quick and visible impact on DSO

HOUSTON--(BUSINESS WIRE)--Amalto Technologies, the leading provider of B2B electronic transaction solutions for the Oil and Gas industry is joined by LiquidFrameworks, innovators in e-field ticketing and field operations management software, in conducting a Lunch and Learn event on Thursday, December 8, at The Houstonian, Houston, Texas.

“This seamless integration from field tickets to invoices takes care of the tremendous accounting challenge of timely and accurate capture of field-data, validation at the corporate office level and electronic submission to customers.”

The two companies bring together their solutions - electronic collection, approval and delivery of field tickets from the field to the corporate offices’ ERP (or backend systems) and automated generation and electronic submission of invoices along with associated field tickets to customers’ ERP - to eliminate traditional, manual workflow processes and dramatically improve DSO, cash flow, and reduce FTE.

Both Amalto and LiquidFrameworks possess deep expertise in the Oilfield Services sector --- with customers such as Complete Production Services, RPC Inc., Select Energy Services, Gray Wireline, Alliance Oilfield Services and PSC among others.

Travis Parigi, President of LiquidFrameworks stated, “Improving the field ticketing process with electronic workflows for job dispatch, ticket items, job retrieval, quality control, and operational reports yields the biggest return on investment for any field service organization.”

Jean-Pierre Foehn, CEO Amalto Technologies added, “This seamless integration from field tickets to invoices takes care of the tremendous accounting challenge of timely and accurate capture of field-data, validation at the corporate office level and electronic submission to customers.”

“By taking into account both the field and office aspects, we bring a fantastic opportunity for Oilfield Services companies to reduce operational costs while maximizing utilization of resources and assets,” Foehn concluded.

About LiquidFrameworks

LiquidFrameworks provides electronic field ticketing and job management solutions for Oilfield Services and industrial field services companies. Their solution automates workflows by replacing paper systems with electronic processes that work remotely and via the Web.

About Amalto

Amalto is a leading provider of innovative solutions enabling the seamless exchange of electronic B2B transactions between business partners in a quick, secure and cost-effective manner. Their specialized offering for the Oil and Gas industry, the PIDX b2box® , is a single-source solution for exchanging business documents such as invoices and field tickets between suppliers and their customers directly or via marketplaces and hubs.

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