Why invest in Contractor Cost Tracking?
The process of managing contractor spend is mission-critical to any large operation that involves millions of dollars of spending on contract labor, equipment and materials. Track empowers owners to gain greater control, visibility and savings.
BENEFITS TO OWNERS:
- Improved Visibility
- Contractual Compliance
- Accurate hours and costs to manage projects
- Daily settlement with all contractors - no surprises!
- Real-time personnel & equipment information
- Cost Reduction
- Eliminate timesheet & invoice errors - 5-15% savings
- Puts supervision back into the field
- Eliminates timesheet and invoice disputes
The Need For a Contracting Strategy
BENEFITS TO CONTRACTORS
- Improve Cash Flow
- On-time payments per the contract
- Eliminates invoice disputes with your A/P
- Increase Efficiency
- No time-entry needed
- Clean invoice generated daily or weekly
- Enhance Productivity
- Improved employee accountability
- Supervisors in the field - not in the trailer!