How Reporting Architecture Can Improve with Back-Office Outsourcing
As technology becomes more powerful and more accessible, our expectations of its abilities grow in equal measure. The power of pure number-crunching and the reports generated from Big Data reflect such assumptions. However, all of these advancements are for naught if your company struggles to build a reporting architecture that makes your information usable. Thankfully, […]
How Back-Office Outsourcing Can Take Your Company to the Next Level
No matter the size, every business eventually reaches the point where they must decide whether to remain at the status-quo or change directions if they want to continue being successful. With back-office outsourcing, your company can pursue a more focused and strategic course of action that helps you take the right steps forward. In this […]
What you Should Know About Oil & Gas Accounting
Accounting for the oil and gas industry isn’t for the faint of heart. You must possess a deep breadth of knowledge about contemporary financial techniques and how they apply to the energy industry. In this article, we’ll touch on the following: The concept of best practices The fundamentals of oil and gas accounting The key […]
How EAG Transformed A Company’s Land Department
EAG’s Application Management and Support team is providing key technical and functional application expertise to a client whose Land department recently underwent a major digital transformation. This private, midland based E&P company started operations in 2015 and has a growth strategy of acquiring and developing conventional and unconventional oil properties in the Permian Basin. The […]
Five Ways Leaders Can Reduce Their Operating Expenses
This article provides actionable recommendations on how to reduce operating expenses incurred by your oil and gas company with the goal of helping you apply the right dollars to essential business functions. Your firm has experienced a few good months recently. Maybe you’ve successfully acquired additional wells, finally have a smooth land administration process or efficient […]
How to Leverage Technology to Cut Costs & Achieve Growth
In this article, we’ll focus on four proven technology approaches that can benefit your upstream and midstream oil and gas company. These approaches will address your current struggles, position your company to scale, and streamline your operations to weather the next time the business cycle points downward. 1. Digitize Your Back Office and Field Operations […]
6 Essential Elements of a Business Risk Assessment
We’ve discovered 6 essential elements for conducting a business risk assessment that protects your company. Being prepared will always give your business the upper hand over your competitors — especially when something occurs that no one expects. As the adage goes, “An ounce of prevention is worth a pound of cure.” Unfortunately, far too many […]
Leveraging Technology to Cut Costs & Concerns
The energy industry is very cyclical and, while companies should take advantage of economic ups and market changes that give them an edge, it is imperative to keep in mind that a downturn will follow. It is easy to focus on growth without having a Plan B, which causes concern as companies depend heavily on […]
How Covid-19 Changed the Oil & Gas Industry
If you visited Midland, TX today, it would look like the pandemic never happened. People are returning to their usual activities, and oil and gas (O&G) companies are back up and running. The industry has even started holding in-person events again. We’re a far cry from Spring 2020, when the world came to a screeching […]
The Reality of Digital Process Automation
When companies grow and diversify, they frequently find themselves facing a good, yet frustrating problem: their success has created the need to simplify core processes so people can focus on more specialized work. While the assembly line has been the solution for traditional companies, modern businesses need to look to digital process automation (DPA) for […]