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Alliance Organization:
Management Controls, Inc.
On the Web:
www.tracksoftware.com
Overview:
The pressure to reduce costs has forced manufacturers to shift internal labor costs to external service providers, but they have neglected to deploy control systems to manage the growing volume of contract-based payments. Companies today are challenged with both Sarbanes-Oxley compliance requirements and cost-control initiatives.
Accenture helps companies deal with the pressures of global business on a number of fronts, including managing labor costs effectively. Accenture High Performance Business research shows conclusively that human resources management is a key enabler of high performance. Accenture works with clients to help them use external labor suppliers to balance cost imperatives and skills requirements while complying with all application regulations.
Track™ automates the business processes of service-based contracts—from project time-keeping through invoicing—and delivers actionable information that clients and contractors require to complete projects on time and on budget. This market-leading software accurately validates, calculates and compiles the hours and costs of contracted work, delivering project status on a shift basis. Using this real-time information, clients and contractors work collaboratively to manage projects more effectively—for their mutual and individual benefit. Track benefits contractors by dramatically reducing the service-to-cash cycle. Clients use Track to manage budgets and resources versus project plans and make real-time adjustments. The result is an average of 5% to 10% reduction in contract costs.
“Accenture’s vast experience and Track’s cost controls offer global energy, power and other Process Industry firms a combination of services and technology that can’t be beat.”
—Bob Harrell, CEO and President of Management Controls, Inc.
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