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 and CEO of RigER

Oilfield Service and Rentals

Market Overview


www.riger.ca Copyright © 2012-2015, BelcaSoft 4

Oilfield Service800+ Drilling Rigs in Western CanadaUtilization 10-80%

600+ Rental Companies

Now is the best time to act!

Low Activity - Fast ImplementationDownturn New Drilling Season Preparation

Oilfield Equipment

Downhole Tools (Drill Bits, Pipe, Collars)

Well Servicing Equipment

Office Mobile Trailers and Camps

Tanks, Bins and Sewage Systems

Generators and Engines, Flare Systems and Burners

Control and Measurement Systems

Pumps and Compressors, Rig Mats

Telecom Equipment and Light Towers

Construction Equipment (Cementing, Perforating)

Other….


Oilfield Rentals

Specific or Periodic Installation and Service

Usage: Rigs, Camps, Wells

Daily Rental Fee


Reasons to Grow

Cost Effective and Flexible Solution

Complexity of EquipmentDevelopBuildServiceMaintain

Low Entering Barrier to the Market

Real Time Tracking Service RequestsField Jobs Schedule and Management

Equipment Tracking and ManagementRetrieving Daily Paperwork from FT

Delays in InvoicingInaccurate Invoicing

Operations Performance AnalysisOverall Business Performance

Oilfield Rental Challenges


Field TicketLabor

Equipment

Mileage Service

Location

Client

Rental Cash Flow and Operating Cycle


Client’sService

Request

FieldService

Invoicing Client’sPayment

Dispatch

DSO - Days Sales Outstanding

Delay

Operating Cycle (75-77 days)

Average DSO – 60 days10-12 Days

Financial Cycle (70-72 days)

Cash Flow

Delay

Delays in InvoicingRevenue – 10 MAverage Delay – 10 DaysInterest rate – 5%Losses - $ 13,700

How Can It Affect Rental Business?


Loss of EquipmentRental Fleet – 400 UnitsAverage Unit Cost – 10KLost - 4 Units or 1% Losses - $ 40,000

Double EntriesOverhead – $ 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 • Delivery Tickets • 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 RentalOperations


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

Fleet Optimization

Protect Assets

Measure Operations Performance

Build One Transparent System

Increase Values of Business

Benefits


Next Day Accurate Invoicing!

10x Faster Document Flow!

Oilfield Service and Rental OMS


Price

Productivity

Best Value/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 ServicesBy ClientBy LSDWith 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 codeClientLocationDirection

Equipment Groups Serial NumbersType (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-StockDeployedNeeds RepairDamagedLost

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

• MS Excel Spreadsheets• 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

ManagementDashboards Configurable KPIDynamic 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 Excel Spreadsheets• MS Access• QuickBooks • Other Software

Double or Triple EnteringMultiple 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


SalesManufacturing

Purchase

Banking

Accounting

Work OrdersSpecificationsResources PlanningInventory Management

Rental AgreementDelivery TicketsRental InvoiceAdditional ServiceSerial Numbers TrackingClients Price AgreementsLocations and Rigs

Sales OrderSales InvoiceSales Shipment

Purchase OrderPurchase InvoiceBill of LadingVendor Prices

Bank AccountsCredit CardsCheques and Payments

GL, AR, APAccounting and ReportsFinancial Statements

Release 2.2

May 2015


Field Technicians Calendar To-do List and Jobs Done

Days Off, Vacations

Gantt ChartEquipment Deployment Scheduling

Job Scheduling

Oilfield Service Report

Other Improvements

Release Features


Version 2.2

Field Technicians Calendar


• Rig Ups

• Rig Outs

• Days Off

• Vacations

Colored by Type and Employee

Filtered by Field Tech

Custom View Day, Week and Month

Version 2.2

Equipment Deployment


Grouped by Rental Units

Colored:Rig Ups

Rig Outs

Detailed View:

Delivery Ticket

Location

Custom Period View

Version 2.2

Jobs Schedule


Grouped by

Client

Location

Rental Agreement

Custom Period View

Hyperlink to fast open

Location

Rental Agreement

End of Job Notification

Version 2.2

Oilfield Service Report


Grouped by

Service Type

Location

Delivery Ticket

Custom Period

Options:

Quantity Only

Full Report

Version 2.2

Integration & Customization


Version 2.3

Invo

icin

gSy

stem

s

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 RequirementsSpecific Needs DescriptionCustomization FocusMost Complex Business Case

Customized Demo

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 aboutRigER FeaturesCustomizationSpecial Offers

Boost Rentals!Michael Maltsev, CEO

[email protected]

Thank you!

Visit www.riger.ca
