Customer Stories

Boost Efficiency and Optimize Costs Through Digital Ticket Automation

GryphonESP’s Journey to Lower DSO by 30 Days

Success at a Glance

Challenges

  • Reliance on paper tickets
    caused delays and
    inaccuracies in ticket approval
  • Extended days sales
    outstanding (DSO) up to 90
    days
  • Limited visibility into the status
    of field tickets

Solutions

  • Implemented Enverus Oilfield
    Services Suite (OSS) for digital
    field ticketing
  • Improved accuracy and
    accountability in the ticketing
    process

Results

  • Reduced average DSO from
    60-90 days to 30-60 days
  • Improved market visibility into
    trends, customer performance
    and the effectiveness of
    specific services
  • Saved time by eliminating dual
    ticket entry

Client Overview

GryphonESP provides a large variety of services for the oil and gas industry including safety services, H2S, EMR firefighting service, rental equipment, security and consulting services.

Challenges

Overcoming Operational Inefficiencies to Accelerate Cash Flow

GryphonESP sought to shorten its DSO to get cash faster. The company used paper tickets which delayed the ticket approval process and led to errors and ticket loss. All of these issues delayed invoice submission and payments. The company decided to digitalize its work tickets to speed up the invoicing process and improve ticket accuracy and accountability in the field.

Before their OSS implementation, GryphonESP used a different digital field ticketing system. The field team was used to digital tickets, but OSS was much easier to customize to their business and workflows than the previous solution. Overall the team found the app userfriendly, making adoption smooth and easy.

Solutions

Streamlining Invoicing With Digital Field Ticket Solutions

Several of GryphonESP’s clients required suppliers to submit invoicing through OpenInvoice®. Many of the same operators also leveraged Enverus’ OpenTicket® platform, – a cloud-based collaborative platform that enables operators and service providers to generate, review and approve field tickets.

Through the digital field ticket solution OSS, designed for service companies, GryphonESP was empowered to create and submit tickets for approval, capture signatures on the device and submit a copy of the ticket to their office.

Results

Cutting DSO in Half: GryphonESP’s Success With Enverus OSS

As a result of implementing Enverus OSS, GryphonESP reduced its average DSO from 60-90 days to 30-60 days.

Enhanced Visibility Into Ticket Status and Operations

The reporting capabilities in the app provide visibility into ticket status. Misty, the office administrator, can now see which tickets still need to be requested and which tickets need signatures from the company men, saving time and resources.
Visibility on ticket status also helps management forecast when payments will be made. The team also uses reports to understand the work that’s being done and forecast where the market is going.

Save Time by Eliminating Dual Ticket Entry

OSS seamlessly integrates with OpenTicket. By creating and submitting digital field tickets through OSS to OpenTicket, GryphonESP saves time by not having to key the ticket into OpenTicket and capturing their own work record. This provides the company with greater visibility into operations and ticket status.

Customer

Industry

Oil and Gas

Company Size

200

Location

1210 Antoine Dr. Houston, TX 77055

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