These sales numbers represent the increasing market acceptance of FieldFX and the value that it has brought to our customers.
Houston, TX (PRWEB) January 27, 2015
LiquidFrameworks announced today that it more than doubled its revenue Year Over Year (YOY) in 2014 as well as achieved record Annual Subscription Value (ASV) and record Total Contract Value (TCV) YOY growth for the 2014 calendar year, positioning the company well for even higher subscription revenues during 2015.
LiquidFrameworks’ Vice President of Worldwide Sales, David Levitt, attributes the revenue growth to increased demand for oilfield, industrial and environmental services companies to become more efficient and profitable amid a period of lower oil and natural gas prices. “Traditionally, these companies have used either a manual, paper-based solution or an internally developed solution that have been either too cumbersome to use or required too much re-keying of information, resulting in input errors and revenue leakage associated with mis-priced or lost tickets.” Levitt said. “Our industry-specific application is designed specifically for these industry segments and among other benefits, eliminates errors associated with duplicate data entry, which accelerates the revenue collection process from quote to cash, while also reducing DSO.”
Another key to the popularity of LiquidFrameworks’ FieldFX® solution is its online/offline capabilities. “We understand that field crews in these industries are often working in remote areas without access to the Internet, but still need to produce quotes, collect relevant data and obtain a signature and/or stamp from the customer,” Levitt said. “FieldFX addresses this challenge by working both online and offline to automate both the signature and stamp capture with the fastest possible sync times.”
LiquidFrameworks’ focus on ensuring customer success with FieldFX has enabled it to improve its customer retention to a market leadership level. Jeffrey Baldwin, Senior Director of Implementation and Support at LiquidFrameworks said, “Our team’s focus is to implement a packaged, yet configured solution that provides irreplaceable value for our customers with their customers.”
“These sales numbers represent the increasing market acceptance of FieldFX and the value that it has brought to our customers,” Levitt added. “I am excited about the continued success of our customers, as well as the momentum this provides, as we head into 2015.”
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 oilfield, industrial and environmental services 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. To join the conversation, follow @LquidFrameworks on Twitter and LinkedIn.