LiquidFrameworks Announces Record Setting Subscription Revenue and Year-Over-Year User Growth in the First Quarter of 2018
LiquidFrameworks, the leading mobile field operations management solutions company, specializing in the energy industry, celebrates record setting subscription revenue and year-over-year user growth in the first quarter of 2018.
Houston, TX (PRWeb), May 16, 2018 – LiquidFrameworks announced today that it achieved record setting subscription revenue and year-over-year user growth in the first quarter of 2018, further establishing them as the clear market leader for “quote to invoice” application suites specific to the energy industry.
LiquidFrameworks’ Vice President of Worldwide Sales, David Levitt, attributes the increase in subscriptions and users (including wins at some of the largest companies within the oilfield/industrial/environmental service markets) to the necessity for efficient, streamlined processes for service companies in the energy industry. “The energy industry is experiencing a significant change in business operations. The operators are driving this change — they are encouraging their service providers to eliminate paper processes,” Levitt said. “Our customers want to provide better service to their customers, the operators, while enhancing their revenues and profitability with efficient, streamlined processes. FieldFX helps them accomplish these objectives.”
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. The FieldFX solution also works both online and offline, which is critical for service companies in the energy industry.
“Automating processes in the field is a win for all parties involved. LiquidFrameworks’ domain expertise in the energy industry has helped distinguish FieldFX as the clear market leader for ‘quote to invoice’ application suites specific to the energy industry,” Levitt continued.
“This quarter has been a fantastic way to start 2018. Our team not only achieved a record first quarter subscription revenue, they achieved record year-over-year subscription revenue and user growth,” said Trent Derr, President and CEO of LiquidFrameworks. “I am confident the momentum generated by our team in the first quarter will propel us through another successful year.”
To learn more about how mobile field operations management solutions can add value to your oilfield or industrial/environmental service company visit 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.