Top 5 Websites to Become an Expert in the Oil and Gas Industry

If you’re looking to educate yourself about the world of the oil and gas industry, this article will prove useful. Listed below are the top 5 websites that are dedicated to educating the public on the ins and outs of the oil and gas industry.

1.Breaking Energy

Breaking Energy is one of the industry-leading online portals for the energy industry. Found on their website is general information, important news articles, industry analysis, and career opportunities. A standout feature of Breaking Energy is their daily newsletter titled “Energy News Roundup”. This resource has proven itself time and time again to be a reliable source of breaking news in the industry, mentioning new deals, acquisitions, job opportunities, and more. Breaking Energy can also be found on Twitter and Facebook. 

2.Energy Now

Energy Now specializes in providing relevant information by ensuring that they stay up to date with all of the latest news coming out of the industry. Similar to Breaking Energy, Energy Now has a daily e-newsletter that delivers a brief summary of all of the major headlines relating to the economics of the industry, oil prices, employers that are hiring, relevant political events, and regulations. Lastly, Energy Now’s website has a live feed that will keep the reader up to date on all important news. Energy Now can be found on Twitter, Facebook, and LinkedIn.

3.The Bakken

Next on our list is The Bakken, which specializes in topics related to exploration, logistics, production, infrastructure, and new technology. The Bakken provides insight into the nitty-gritty of the oil and gas industry and the biggest companies within the industry. The Bakken features a blog, an e-newsletter, a print magazine, and more. This website has been stated to be frequently used by higher-level management and executives in the industry. The Bakken also has a following on Twitter, Facebook, and LinkedIn.

4.Oil & Gas Journal

Oil & Gas Journal provides insight into international oil and gas news, key developments, politics, issues, and events. Seeing as its first article was published in 1902, Oil & Gas has modernized and managed to stay ahead of the curve with modern features including a digital weekly magazine, video blogs, and webcasts. Another important option that the Journal offers is a choice between a weekly or daily newsletter. Oil & Gas Journal also has a presence on Twitter, Facebook, and LinkedIn. 

5.Intelex Oil & Gas

Intelex provides a unique take on the industry because it specializes in the greater business point of view. Featured on the website is news relating to environmental concerns, regulatory updates, worker health/safety, and new technology. While Intelex specializes in the Oil & Gas industry, they also dabble in the mining and utilities industries as well. If you are an individual with your hands in more than one of these businesses, then Intelex is your go-to site. Intelex is also found on Twitter, Facebook, and LinkedIn. 

To stay up to date on all business and technology-related news, contact us.

4 Benefits of Using 'Enterprise-Grade' WiFi

The reality of today's companies differs in many ways from the companies of the last century. For example; working hours do not have the same duration in many cases, teamwork dynamics are more common and the use of technologies and Internet access are decisive for the achievement of companies' objectives.

Wi-Fi connections play an important role in accomplishing the tasks mentioned above. The use of Wi-Fi networks instead of traditional cabling provides benefits such as reduced costs and mobility. However, for companies it is even better to have 'Enterprise-Grade' WiFi that guarantees the security and operability of the network, protecting and managing the company's data in the best way.

Next, we will comment on some benefits of having 'Enterprise-Grade' WiFi.

1. The Enterprise-Grade WiFi network allows numerous wireless devices to be connected simultaneously through routers designed to support high levels of information traffic in business environments.

2. Large offices need to have a Wi-Fi connection that supplies all workers throughout the space. In this case, the Enterprise-Grade WiFi provides the connection through multiple integrated access points, increasing the signal coverage. This type of connection also offers better roaming capacity, allowing workers to move around all areas of the company without disconnecting.

3. Enterprise-Grade WiFi can provide more security by incorporating technologies such as Adaptive Radio Management (ARM), in addition to greater WPA-Enterprise security and the use of the 802.1X authentication protocol. Another aspect that contributes to maintaining the security of the network is the creation of guest user accounts. In this way, the guest users will be connected to the Wi-Fi but without having access to confidential company data.

4. The ability to create several access points for the Enterprise-Grade WiFi makes the process of expanding the connection easier if the company begins to grow.

If you decide to upgrade the current Wi-Fi you are using to an Enterprise-Grade WiFi configuration, we advise you to request a consultation from an IT communications specialist.

For more information, feel free to contact us.

Utilizing Netsuite to Handle Your Companies Order to Cash Process

What is An Order To Cash Process?

Any business has its own method of generating sales. For an eCommerce company, this entails selling goods on their own website or by a third-party distributor, collecting payment from customers, and ensuring that the products are shipped to them. This is an eCommerce company's order-to-cash cycle in layman's terms.

For manufacturers, this period can vary somewhat, with the invoicing phase occurring after order fulfillment. Companies spend a lot of time planning their order-to-cash loop because it is such a complicated operation. This also leads to the use of various business management systems, which only serve to stymie the process.

An order-to-cash loop usually includes the following components:

1.  Reconciling & Reporting

2.  Order Fulfillment 

3.  Invoicing & Billing

4.  Product Shipping 

5.  Order Entry

6. Collection of Payment 

When it comes to banking, not everybody follows the above-mentioned process exactly. Every order-to-cash loop is different, and NetSuite's incredible capability makes it possible to simplify them for better performance.

Why There Is Need For A Better Order-To-Cash Cycle

Businesses will predict revenue, monitor orders, and improve inventory control with a well-planned order-to-cash period. Any form of error, on the other hand, may have a significant impact on the cycle's performance, as well as disrupt the entire forecasting data and cause the fulfillment process to be delayed.

Since the order to cash period involves the work of several employees, it is popular for companies to use specific programs that adhere solely to a single agency, whether internal or external. As a result, businesses quickly find themselves with higher IT costs, lost records, and missed orders.

So what is the solution? 

Enhance and try to unite the order-to-cash time with NetSuite, a single market management framework that can easily handle all business departments!

Below are some of the more common questions posed by companies seeking to shorten their order-to-cash time:

1.The Complications of Order Management Process 

The order management process is typically complicated, ranging from product sale to order approval to processing and delivery. This means complications in this can result in one jeopardizing customer loyalty.

What all of this means is that after a transaction is made, the sales staff must personally email the order to the distribution team. The usage of various enterprise control applications excessively expands the manual workload. As a result, it is advised to use an ERP such as NetSuite, which can conveniently link all divisions for smooth operations. NetSuite will do it all, whether it's WMS, CRM, or HCM.

2. Data that could be Unreliable

The use of various business management systems would have an effect on a company's reliability when required knowledge is dispersed all over the place. When anyone manually changes details in their CRM, such as customer name, address, phone number, and so on, they must also ensure that the transition is replicated across all systems in place.

What is the problem? If the new email is not changed, the package may be sent to the old address in the system by another agency. Another incentive to implement is a single cloud-based enterprise management framework.

Now it’s time you automate your Manual processes:

• Data entry is a time-consuming operation; involving long excel rows often riddled with errors! Since the procedure will take 5-10 days, a payment process that involves manual printing and dispatch of the invoice can become a source of frustration for the order-to-cash period

• By automating these operations, you will free up the days for other tasks

NetSuite allows you to instantly email invoices after an order is completed, as well as submit updates at each stage of the order process as well!

A Unified Database, Netsuite ERP

NetSuite is currently ranked as the number one cloud-based enterprise management system due to its; solid process automation and integration features, which minimize manual labor.

Since NetSuite is based on a single database, it runs smoothly. For example, in NetSuite, a sales representative will review stock inventory before producing a work order, and the same work order can be delivered to the Distribution team in a matter of seconds. If, on the other hand, you would use a particular method, NetSuite will conveniently integrate it so that all knowledge is sharable at all times.

For more information, contact us!