Track™ | Turnaround and Outage Management, Project Cost Forcasting

Value Proposition

Refining and Chemicals Turnaround/ Outage Managers Once a turnaround begins, contractor activity and costs build exponentially. You’re the guy being asked: “When will the job finish and what will it cost?” Months after turnaround completion, the last invoices arrive and you scramble to pay them. There’s a better way to control expenses. It’s Track. Construction You’ve decided to execute your next project on a Time and Materials contract basis, because no contractor would agree to any other contract form. In two years, you’ll spend $85 million. You have no visibility into project spend and progress. Track gives you the tools to turn this situation around. Maintenance Managers You have the largest annual budget for contract work and few tools to monitor contractor performance and costs. You have final approval on contractor invoices, but no easy access to actual contracts. Track takes the risk out of invoice approvals and delivers the tools you need to make better contracting decisions. Executives You face legacy strategies, sagging productivity, labor shortages and rising costs. We can help you control one of the critical factors in this equation: external contract labor. Track is the industry-standard solution for contractor management. In fact, it’s licensed by 60 percent of all refining capacity. IT You’re up to your ears in software. The last thing you need is another software package to implement and maintain. Wouldn’t it be great if your next software package was widely adopted, had certified interfaces to your ERP and CMMS systems and had the bugs worked out before deployment? How about a web-based system for low TCO and a quick 6-8 week installation? That’s Track. Finance/Controllers You’ve started on a voyage: automation, compliance, electronic transactions, Best of Breed add-ons to your ERP and diligent controls. The destination is almost in sight. Track fits right in; it was invented by an auditor. Contractors Through Track’s automated contract compliance engine and electronic approvals, contractors reduce their accounts receivables by more than 50 percent, generate undisputable invoices each week, and significantly reduce service-to-cash cycle time.

Utilities Turnaround/ Outage Managers Track eliminates the questions: “How much money did I spend on my projects and work orders today?” and “How much work did we really get done?” With Track, you always know the answers. Construction You’ve decided to execute your next project on a Time and Materials contract basis, because no contractor would agree to any other contract form. In two years, you’ll spend $85 million. You have no visibility to project spend and progress. Track gives you the tools to turn this situation around. Maintenance Managers Track automatically provides real-time insight into contractor headcount statistics and automatic hour and cost updates to your planning and scheduling systems. With Track in place, there’s no more wondering….”who’s here, who’s not, and how much work have we completed?” Executives Track’s automation and standardization of the timesheet-to-invoice process across your enterprise yields 5 to 10 percent hard-dollar savings, real time contract compliance and cost controls and visibility. IT You’re up to your ears in software. The last thing you need is another software package to implement and maintain. Wouldn’t it be great if your next software package was widely adopted, had certified interfaces to your ERP and CMMS systems and had the bugs worked out before deployment? How about a web-based system for low TCO and a quick 6-8 week installation? That’s Track. Finance/Controllers Track’s automation of service receipts eliminates duplicate, error-prone, manual entry as well as reconciliation processes for contractor invoices. It delivers instant and accurate contract spend reporting. Contractors Through Track’s automated contract compliance engine and digital signatures, contractors reduce their accounts receivables by more than 50 percent, generate undisputable invoices each week, and significantly reduce service-to-cash cycle time.

The Value Curve