For more than 25 years, the Company has specialised in providing HDD services that address the most complex crossing needs of customers in the global energy, telecommunications and infrastructure markets “We look forward to partnering with Maxim and Falcon to significantly increase our portfolio of HDD capabilities as well as extend the Company’s geographic reach.”įounded in 1989, Laney is the only HDD company in North America providing integrated engineering, design and construction services. “Laney is pleased to announce this acquisition, which represents a great opportunity for both our employees and the company to continue driving growth and offer best in class service to our customers.” Laney Chief Executive Officer Kevin Fox said. "With Intacct, we'll be able to get the visibility we need to make the right decisions in real-time.Laney Directional Drilling Co., the world's largest independent horizontal directional drilling (HDD) company serving the oil and gas pipeline industry, has been acquired by an affiliate of Maxim Partners, LLC and Falcon Investment Advisors, LLC. "We really needed the ability to run not only consolidated financial statements, but also report by any combination of department, location, or service line," said Kevin Moffett, Laney's CFO. Highlighted Comments from Laney SVP and Chief Financial Officer: Intacct's best-in-class approach and open APIs will allow Laney to integrate their accounting system with other best-in-class tools for CRM, field ticketing, or other enterprise solutions. Intacct will allow Laney's finance department to implement process automation and electronic approval workflows, as well as labor and equipment utilization tracking.
LANEY DIRECTIONAL DRILLING CO MANUAL
Intacct will save time and labor in automating and consolidating reporting, time and expense management, and job costing within one system, rather than the manual and error-prone process of using Excel. With Intacct, Laney will be able to produce the financial statements and reporting they need to measure the company's growth and activities by different dimensions as well as by project. Visibility and insight into financial and operational data was limited. Integrating inventory or job costing with the accounting system was time-consuming and prone to errors. Laney struggled to manage an efficient quote-to-cash process. Previous Business Challenges Faced by Laney Directional Drilling:ĭue to limitations with their legacy accounting software, Laney's finance department was unable to integrate the project accounting module with the general ledger without a great deal of effort.
LANEY DIRECTIONAL DRILLING CO SOFTWARE
After a rigorous software evaluation, Laney chose Intacct as the best fit for the company's financial management needs. In August 2014, the company celebrated 25 years in business. HDD company that provides integrated engineering, design, and HDD construction services for the oil, natural gas, water and wastewater, and power transmission industries. Based in Spring, TX, Laney is the only U.S. Specializing in trenchless technology, Laney is one of the leading large Horizontal Directional Drilling ("HDD") contractors in North America. HOUSTON, Texas, J(GLOBE NEWSWIRE) - via PRWEB - AcctTwo, a leading consulting firm and provider of cloud-based financial management solutions, announced that the firm will help Laney Directional Drilling implement Intacct's best-in-class cloud ERP. Horizontal Directional Drilling Company Moves Financials to the Cloud with Intacct ERP AcctTwo Helps Laney Directional Drilling Gain Insight into Operational Data
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