Enterprise Group Deploys Proprietary Asset Tracking & Dispatch Software “Star” to Lower Costs and Increase Margins
10 April 2018 - 2:30PM
Enterprise Group, Inc. (the “
Company” or
“
Enterprise”) (TSX:E), a consolidator of services
to the energy sector; focused primarily on specialized equipment
rental, announced today that it has implemented its proprietary
dispatch & asset tracking software known as
“Star” to further cut costs and improve margins.
Star, tracks and reports
utilized assets, which provides the Fleet Manager the ability to
ensure the highest level of service to the client: In turn, lower
costs while delivering maximum equipment performance.
When Enterprise Group (TSX:E)
acquired Westar Oilfield Rentals in 2014, the management team was
working on a business management & dispatch software. After
exhaustive and unsuccessful efforts in sourcing an effective
software solution, it was apparent that the group needed to develop
this system in house. Enterprise continued to fund and upgrade the
project resulting in this unique and proprietary technology asset,
critical to the profitability and cost mitigation of all the
Company’s subsidiaries.
"With the components developed, we began process
mapping our existing business operations. As a result, we were able
to considerably reduce our administrative costs by automating many
of the human elements," stated Des O'Kell SVP of Enterprise Group.
"Furthermore, with its implementation, the cost benefits that
emerged from asset tracking are substantial.”
This approach keeps the customer up and running
and ensures other expended revenue and protection of the asset. The
software is comprised of 18 components that work together and
exchange information over a central database. Early results
confirmed improved metrics including lowering costs and raising
margins.
With Star successfully deployed
in all our rental divisions, Enterprise Group now has a proprietary
and custom software designed explicitly for its business.
About Enterprise Group,
Inc.
Enterprise Group, Inc. is a consolidator of
services to the energy sector. The Company’s focus is
primarily on specialized equipment rental. The Company’s strategy
is to acquire complementary service companies in Western Canada,
consolidating capital, management, and human resources to support
continued growth. More information is available at the Company’s
website www.enterprisegrp.ca. Corporate filings can be found
on www.sedar.com.
For questions or additional information, please
contact:
Leonard Jaroszuk, President & CEO, or Desmond O’Kell, Senior
Vice-President 780-418-4400 contact@enterprisegrp.ca
Forward Looking InformationCertain statements
contained in this news release constitute forward-looking
information. These statements relate to future events or the
Company’s future performance. The use of any of the words "could",
"expect", "believe", "will", "projected", "estimated" and similar
expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on the Company's current belief or
assumptions as to the outcome and timing of such future events.
Actual future results may differ materially. The Company's Annual
Information Form and other documents filed with securities
regulatory authorities (accessible through the SEDAR website
www.sedar.com) describe the risks, material assumptions and other
factors that could influence actual results and which are
incorporated herein by reference. The Company disclaims any
intention or obligation to publicly update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as may be expressly
required by applicable securities laws.
Enterprise (TSX:E)
Historical Stock Chart
Von Okt 2024 bis Nov 2024
Enterprise (TSX:E)
Historical Stock Chart
Von Nov 2023 bis Nov 2024