Growing oilfield services company enabled to manage multiple entities
Aly Energy now has enhanced options regarding inter-company transactions and multi-entity consolidations.
Client background
Aly Energy Services, Inc. is an oilfield rental and services company operating primarily in the North America.
Alya Hidayatallah, CFO, Aly EnergyBaker Tilly's experience in the oilfield services industry was a big factor in our selection.
The business challenge
Their legacy software could not provide consolidated financial reporting across all of the company's legal entities.
Strategy and solution
- As a public company subject to Sarbanes-Oxley, strong internal controls were crucial, so Baker Tilly's exclusive AICPA endorsement and SSAE16 SOC 1 Type II audit was key
- The company will save significant costs in the areas of reporting, job costing and job tracking
- The Baker Tilly's best-in-class approach will allow their entities to choose their operational software and integrate it with their ERP
- Baker Tilly has enabled capabilities for automated reporting of revenues and gross margin by asset, by location or by other key reporting dimensions
- Aly Energy's teams now has enhanced options regarding inter-company transactions and multi-entity consolidations
- Their new ERP is robust, scalable and can support the company’s future growth requirements