Monthly Archives: April 2010

The Future of Oil & Gas Accounting Software: Web Based?

One of the fastest growing trends in technology today is the “saas” revolution, or software as a service, and by 2012 it is expected to dominate the way people use software. I’m talking about Web Based Oil & Gas Softwareweb-based software like what you probably already use every day without thinking about it such as Amazon, TurboTax and GoToMeeting.

The business landscape is rapidly changing from desktop computers to the Internet, as more businesses need to take their work on the road or even just home.

Web based software is a type of service that makes sense to a lot of companies because there is no software to download or install and instead they just have to purchase a subscription or per user fee and login.

Companies such as Intuit are already moving their products to be web-based. Last fall, Barry Pennett, vice president of sales at Intuit, said Intuit, the company behind QuickBooks, would have a “saas” version of their products as well as a way to interact online with their “in-office” versions by August 2010, at Boomer Technology Circles All-Circle Summit. Pennett acknowledged that web-based software is where the future is headed for most software companies. He said Intuit has to offer its clients the ability to take advantage of their products where and whenever needed. Intuit already offers a QuickBooks online version and easy online payroll.

As a software company, we too have to look to the future and see what our customers need. We have to think: Where is the future of oil and gas accounting software headed? With how fast the Internet is taking off, why wouldn’t a web-based version of oil and gas accounting software also be feasible? Our thoughts exactly. That is why we are currently working on creating web-based versions of our software this year, beginning with a new Investment Manager software, intended for investors in the oil and gas industry to track their investments.

Personally, I would do everything online if I could. I love the ease with which I can take care of everything with the click of a button and in one place. Why wouldn’t you also want to run your business the same way? Here are some thoughts on why you should seriously consider using companies that offer “software as a service,” adapted from Vinny Lingham’s list.

  • The obvious reason is that your software is available anytime, anywhere. With Wi-Fi locations popping up on every block and the way businesses now operate not only in an office, but in the air and on the road; it makes it so important today to not be tied down to a desktop computer with software stored on your company’s server.
  • You don’t have to wrestle with installing the software. Almost everyone has probably experienced problems trying to install software on a computer with invalid registration codes, selecting the wrong preferences or even installing the software to the wrong location. How much simpler would life be without install disks and registration codes collecting dust on a shelf?
  • Bugs encountered in the “saas” environment should be minimal, as the software will no longer depend on what type of computer or server you use at your office to operate seamlessly. Who doesn’t love the promise of less bugs anyways? Or no bugs, for that matter.
  • Similarly to the previous reason, customers no longer have to worry about constantly upgrading their systems to work with the software. Platform issues no longer exist because it won’t matter if you use Windows XP, 2000, Vista, Windows 7 or a Mac. As long as you have a computer, Internet access and can type, you can use the software.
  • With as popular as social media is today, web-based software can give companies the opportunity to integrate social networking and allow companies to chat in real time online amongst themselves or even with other users.
  • Data is now safe and you can stop fearing the next computer or server crash or that you forgot to backup your data for a whole month. “Saas” takes the pressure off businesses to remember to backup their data, since it will be stored virtually with the software provider’s servers, available at any time.

With that said, software companies coming out with “software as a service” doesn’t make everything perfect. It doesn’t even mean that the web-based service will work or that clients will flock to the new opportunity.

As with any business venture, the saas revolution isn’t going anywhere unless it truly meets the client’s needs and still solves the problems they want solved. Making it work online isn’t enough. Software companies need to offer all the features needed to make businesses run smoother, while providing a simple interface that makes you forget its work. Complicated options and shoddy support and technical service negates all the good of the saas revolution.

The Value of Online Software Demos

Software DemoPerhaps you are aware, but perhaps not. We offer free software demos. And now that you know, you should also know why.

At some point in any company, software to help the business run faster, better and more efficiently will have to be evaluated. Small companies who run on spreadsheets don’t get to be big companies by staying on spreadsheets, meaning everybody needs software! With that in mind, it is important to understand how software demos are typically handled and why we are different.

The most common way to evaluate software is by installing an evaluation version of the software and attempting to use it in real life in your own business environment. The problem with this method is that it doesn’t produce the best results for you, or the software company, for that matter.

This method creates problems when evaluating companies like yourself have to install the software and then run into issues off the bat between the new software and existing systems. These problems require the evaluator to halt the process to contact tech support before they’ve even seen how the software works.

Not only will the company feel annoyed at the delay, but it becomes a productivity delay, creating downtime in an already drawn-out process of trying to buy software.

The typical length of time required to make a purchasing decision about software from the evaluation process to the final decision is eight to 20 or more weeks, depending on the type of software needed and the number of people involved. Companies now often have everyone from the CEO to the IT tech to the secretary involved in the buying process – making the number of people involved in a software buying decision anywhere from 3 to more than 25 on any given sale.

If the process is this difficult to start with, why make it harder by giving you a program to work through on your own from start to finish?

We feel the best way to visualize how our software could fit with your company’s goals and needs, is by going through a live online software demo at a time convenient for you. Our free software demos take anywhere from 30 minutes to more than an hour. It all depends on what you need for your business and how many questions you’d like to discuss. Our demos are not pre-recorded and are tailored to what you want to see.

Here is how they work:

  • First, you contact us by calling or requesting an online demo here on our Web site.
  • We will contact you as soon as possible to schedule the demo at a time that works best for you.
  • You will be sent an invitation to Join A Meeting online by clicking on the link and calling the number provided to you to join the conference call. This will give you the ability to view our computers from the comfort of your own office. As many people as you want to attend the accounting software demo from your company can click on the link and join the conference call.
  • Our support technicians will walk through the software to give a general overview of how it works. By getting your input and understanding how you operate your business, we can tailor the demo to show you the functions that will maximize your productivity for each revenue distribution and save you time.
  • After we have been able to answer any questions and show you what features are “make-or-break” for you to make a decision, the next step is up to you.

Our number one goal is to show potential buyers how our oil and gas accounting software can really work for their business. We want it to be a great fit for your company as well as for ours. Downloading links for demonstration versions of the software won’t answer your questions, nor will it help us see how you could best use the software.

What if you could speed up the process for buying the oil and gas accounting software you need, just by going through an online demo? Cut out days or weeks of your evaluation process by getting all your questions answered at once. Instantly see for yourself if the software has the features needed to run your business. What’s the cost to you? An hour of your time.

Request a free accounting software demo today and see how our oil and gas software can fit with your business.