FOUND $600,000 IN LOST REVENUE
Every month we can find tens of thousands of dollars owed to us from third parties where we were not getting our fair share of production. When you have these tools, and you go through this process every month, you usually find stuff pretty fast.
– Intermediate Upstream Producer
It really brought a lot more clarity to all the information that we were looking at. It uncovered all sorts of missed opportunities, over-billing, etc.
– Crescent Point
The reporting has changed because now you’re asking the “why’s” rather than just the “what’s”. Once you have the information, instead of doing 80% of the grunt work and 20% to analyze it, now it’s reversed. So, you can make better business decisions. You have time to ask, “Why are we doing it this way? Can we change it? Can we streamline here?”, and then add the solution on top and it makes it that much better, that much more efficient.
– Ridgeback Resources
COMPLETED 1 MONTH’S WORTH OF WORK IN 4 DAYS
When you look at the volume of work that we output today compared to what it was two years ago, before the Dakota solutions came in, it’s amazing how much more work we can accomplish with the same amount of people. I would say it’s threefold. There’s so much less time now spent organizing data, and so much more time analyzing data.
– Crescent Point
Dakota’s Volumes Analysis solution saves a Production Engineer four days every month in time that they would otherwise have to spend dumping the data, taking it out of one system and manipulating it. As a senior engineer, what other opportunities are they now freed up to do to add value to the company?
– Bellatrix
SAVINGS OF $500,000 PER YEAR
We have unequivocally been able to save money on headcount. I would say a factor of 20% to 30%. Our reporting requirements have actually increased significantly over the years and our headcount has probably decreased.
I would say it easily has saved two senior positions in the accounting group. And that would be at a couple hundred thousand dollars each. So, it’s saving $400,000-$500,000 per year. And that’s almost immeasurable because you’re providing your staff with a greater quality of life. They’re not sitting there receiving requests to work through the weekend. You’re also putting them into contemporary tools.
– Intermediate Upstream Producer
We’ve had tons of cost savings with respect to access to information. Prior to implementing the Dakota tools, there was literally one person that could run reports and get information out of the systems.Now everyone in the company has immediate access to information with a simple click of the mouse. There’s no need for people to wait around for information. We also don’t have any situations where people are coming to meetings with different information. There’s one source of truth and everybody is using that source of truth.
– Perpetual
The Dakota BI solution got us to streamline our processes. It got us to work together inter-departmentally and more effectively. That has resulted in a company wide improvement of communications and efficiencies.
– Tourmaline