Oildex has released OpenTicket, the next generation of the company’s digital field ticket solution.
OpenTicket is the industry’s only comprehensive, end-to-end cloud-based platform that provides both operators and service providers with all the software they need to generate, review and approve digital field tickets, the Denver, Colorado-based company said.
New capabilities of OpenTicket include a dedicated mobile application that supports both online and offline generation of digital field tickets, support for drilling and completions (D&C) and lease operating expense (LOE) organizations, and processing optimizations that speed payments, improving operator/supplier relationships.
“Highly inefficient paper field tickets are the last obstacle to overcome when it comes to automating and digitizing the oilfield,” Craig Charlton, CEO of Oildex, said in a statement. “OpenTicket solves this problem and allows service providers to quickly and easily submit field tickets while allowing operators to quickly and easily approve those field tickets. Coupled with our OpenInvoice platform and recently announced Supply Chain Finance program, we are creating the most efficient source-to-settle ecosystem in the oil and gas industry.”
“With the introduction of OpenTicket, Oildex seems to have figured out a solution to a problem that has plagued the oilfield services industry since the very beginning,” added Bob Cohen, research director, Ardent Partners. “Oildex has streamlined the field ticket process by offering reconciliation with price books and purchase/work orders, added support for auto-approval scenarios that automatically ‘flip the ticket’ into an invoice, and applied AP workflow and approval capabilities to the field ticket automation process.”
By removing the use of traditional paper field tickets, OpenTicket improves safety by eliminating unnecessary travel, makes all field ticket information analyzable data to support analytics initiatives, gives field supervisors complete visibility into all activities and costs, and automates compliance and reconciliation processing to expedite approvals and payments, the company said. OpenTicket fully integrates with OpenInvoice to create a seamless and automated platform for submitting field tickets and creating digital invoices for review and approval.