Testimonials // Parker Drilling
Vice President Global Compliance & Internal Audit
The International rentals division of Parker Drilling (Parker) has been a TRACS customer for over a decade. Parker utilizes TRACS in many of its locations to manage its international rental asset fleet, including related consumables inventories.
Parker employee, Philip Schlom, said, “Our international rental tools business unit has expanded its use of TRACS as the system has increased its portfolio of service offerings. TRACS allows our operational teams to monitor the precise location of our tools and their operational status (e.g. rented, restoration, standby), including maintaining historical views during the life cycle of these assets. TRACS improves visibility of our equipment across our business, creating efficiencies with sub-rentals for equipment and accelerating the search for the right equipment.
TRACS also underpins processes and procedures supporting our internal controls. The system provides a level of auditable history for the lifecycle of each of our tools from initial vendor enquiry, through ordering and receipt of equipment. This ensures full traceability which is critically important. TRACS can be integrated with Enterprise Resource Planning systems and the software has assisted us in effectively managing our global assets.
With its easy-to-use functionality, context-sensitive online help, and TRACS SMART Catalogue feature, TRACS is an enabling and empowering technology which can be quite useful to an organization that is looking to develop strong internal controls and standardize processes."