Customer Success Stories - PDF's

Oceanscan | Complete Visibility Into Thousands of Rental Assets and Contractors

Read PDF success stories of digital transformation from our customers. See how innovation and modern technology enabled our customers to overcome challenges to grow profitably.

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Customer Stories Challenge: Oceanscan, a leading international equipment company, lacked a solution that could manage and report on 1,000s of assets and contractors. They relied on a bespoke solution and paper-based billing, making it impossible for their team to operate with speed and agility. Solution: FieldVu powered by SAP Business One provided a complete solution for Oceanscan to manage the core of their rentals business, giving complete visibility across their business lifecycle. Result: After implementing FieldVu, Oceanscan completely automated their rental billing and invoicing processes and reduced their billing period f rom 21 days to nine days. Their sales team became 45% more efficient with better line of sight into available assets and improved sales processing f rom inquiry to invoicing. Oceanscan, a leading international equipment company founded in 1989 provides equipment rentals and technology to the oil and gas, power, defense, petrochemical, and renewables markets. With over 14,000 assets and 13,000 contractors, the core of their business is rentals. However, in recent years, they've expanded into different sectors and currently develop their own line of consumable products and service equipment for clients such as McLaren Automotive. As primarily a rentals company, Oceanscan needed to find a solution that prioritized this aspect of their business. Before implementing SAP Business One and FieldVu, they used a bespoke solution that required them to track information on spreadsheets, which provided an incomplete and inaccurate view of operations. Sukumar Panchanathan, Group Information Technology Manager at Oceanscan explained, "There was a lot of pain in managing the loose ends between the various departments and I knew that we could no longer work like this – I was confident that there must be a better way." Rentals-First Solution After identifying the need to modernize their systems, Panchanathan evaluated a variety of solutions to address their rental requirements. This evaluation was a challenging process since many products prioritized financial data first and reported on rentals as an afterthought. After months of research, Panchanathan came across FieldVu, a rentals solution, powered by SAP Business One, which provided all the functionality that Oceanscan needed to successfully run its business. After meeting with VistaVu's leadership team, Panchanathan was introduced to a similar client that was also in the equipment rental space to see FieldVu in action. Panchanathan recalled, "I thought the FieldVu application was beautiful. The workflows, processes, features, and the dashboard was exactly the type of system we needed to effectively manage our operations." This client visit solidified his expectations and built confidence for his team to move forward. When it came time to implement FieldVu, Oceanscan worked closely with the VistaVu team to ensure success. He explained, "The data migration effort required all of our asset details, asset history, calibration activities, workforce master, and product details to be migrated over." International Equipment Company Gains Complete Visibilty Into Thousands of Rental Assets and Contractors with FieldVu Industry: Energy, Defense, Petrochemical, Renewables Size: 110 Employees Products & Services: Equipment Rentals Location: Aberdeen, United Kingdom

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