Management Controls Inc. has changed the contractor management landscape in a big way. MCi’s new Insights-as-a-Service offering is giving companies a huge competitive edge through actionable data.
MCi’s TRACK Platform provides business owners with a comprehensive automated software solution for managing contractor labor, equipment and materials costs across their enterprise, with a proven delivery of 5% to 15% reduction in contractor costs. For over 30 years, companies across a broad range of industries have relied on the TRACK Platform for automated contract compliance, eliminating invoice disputes and possible over/under payments. Now, with the addition of Insights-as-a-Service, companies are driving their contractor management to a new level.
MCi’s Insights-as-a-Service provides real time actionable business intelligence that leverages the TRACK Platform’s digitalization of contractor management. No other toolset available in the marketplace can generate the depth of contractor related data and displaying it in digestible and more importantly real time, actionable business intelligence. The service provides daily updates on contractor performance, cost control, and compliance produced on an easy to use dashboard, providing a complete view of contractor performance. Combined with thirty-plus years of experience in the field allows MCi to drive a highly personalized data analytics experience, including ongoing support from dedicated business intelligence analysts to helping businesses take action.
Insights-as-a-Service has empowered maintenance and project groups to manage routine maintenance activities to large projects far more efficiently. Companies are now able to view costs in real-time and analyze spending trends across their entire contractor workforce within an interactive dashboard. The increased visibility of daily operations has helped companies recognize overtime pattern discrepancies, identifying 30 percent overtime cost savings.
In addition to providing real-time spend visibility, Insights-as-a-Service also provides crucial workforce visibility to drive daily operations. Companies are now able to see their entire contractor workforce on site in real-time, view each individual’s skill, and their work schedules to ensure every job has the resources needed to execute daily work plans. The increase of work site visibility has enabled companies to eliminate excess headcount spending and identify wrong skill mixes on site, proactively, to drive on-time project completion.
Linked to driving daily operations, Insights-as-a-Service gives companies visibility into their fatigue policies with immediate alerting when a worker has entered the site past their fatigue limits. Not only will Insights-as-a-Service help make organizations operations safer it can also deliver additional savings of 10% over and above the 5% to 15% of contractor cost reduction that the TRACK Platform already delivers.
The Insights-as-a-Service offering has grown amongst MCi’s customer base by over 1000% in the past year and for good reason. Companies are now regularly able to identify gaps in their supplier agreements. While the TRACK Platform automates contract compliance, such as lunch deductions, per diems, transit times, rounding and many others; Insights-as-a-Service takes it a step further and highlights where supplier contract terms and conditions are generating savings or costing money. Also, the Insights-as-a-Service offering highlights all charges incurred for items outside of agreement terms, enabling companies to identify and eliminate leakage.
Not only can Insights-as-a-Service visualize operational performance to show in unparalleled detail how operations are performing and areas of improvement, but can also compare your site to hundreds of others globally, measuring commercial and operational best practices and benchmarks.