These numbers reflect the success the LiquidFrameworks customers are realizing associated with their revenue and profit lift as well as other significant benefits that come from utilizing FieldFX to manage their mobile field operations.
Houston, TX (PRWEB) January 14, 2014
LiquidFrameworks announced today that it recorded record subscription sales numbers in 2013. LiquidFrameworks increased full term subscription sales by 533% on a first year contract value (ACV) basis and 1275% on a total contract value (TCV) basis in 2013 over that of 2012. A combination of factors led to the record sales numbers. Increased demand among companies in the oilfield, industrial, and environmental services industry segments looking for software to manage their mobile field operations was a major factor. Traditionally, companies have used manual paper-based processes to manage their mobile field operations. However, in the last few years, more companies have been moving toward a streamlined online/offline software solution in order to reduce revenue leakage associated with unbilled or incorrectly billed items on field tickets and to accelerate DSO.
To prepare to meet these increased demands, in 2013 LiquidFrameworks doubled its sales force, increased their services and support team, and made major enhancements to its mobile field operations software, FieldFX, thereby making the record sales numbers possible.
“These record sales numbers represent a total team effort, including several high impact enhancements made to FieldFX by the development team, a new implementation process created by the ever-growing support and services team, and an increased sales force. Most significantly, these numbers reflect the success the LiquidFrameworks customers are realizing associated with their revenue and profit lift as well as other significant benefits that come from utilizing FieldFX to manage their mobile field operations,” said LiquidFrameworks Vice President of Worldwide Sales, David Levitt. “This success was a total team effort and it provides great momentum for us as a company going into 2014.”
LiquidFrameworks’ FieldFX solution is a cloud-based mobile field operations software suite designed to manage contracts, quotes, equipment, jobs and field tickets along with customer-specific electronic forms such as safety incidents, inspections and other operational data reports. FieldFX was designed specifically for field personnel, in order to increase usability and, therefore, increase and accelerate the value of the implementations.
To learn more about how mobile field operations management solutions can add value to your oilfield or industrial/environmental service company visit http://www.liquidframeworks.com.
LiquidFrameworks is a leading provider of cloud-based mobile field operations management solutions serving the oil field services, industrial/environmental services and energy industries. LiquidFrameworks’ FieldFX solution provides companies with numerous benefits, including increased and accelerated revenue capture, increased cash flow, improved contract compliance, increased invoice accuracy and improved customer responsiveness. LiquidFrameworks is based in Houston, Texas.