As investment in new resource projects around the world slows in response to the prices of oil and mining commodities at a cyclical low, the competition for new services contracts is more intense than ever. If your business is a provider of services to oil, gas and mining companies then you know that right now – perhaps more than ever – managing margin and executing quality is of paramount importance. You simply have to make sure every dollar you can claim for your work is set to the customer, that every piece of work is done at the right time and that the level of effort going into that delivery is being properly monitored.
Connecting the relationships you have with your customers and sub-contractors to the management and execution of your contracts is fundamental to your business. Do all of that well and you will make money; fail – even a little – in these areas and you’re soon going to be toast. The competition is just too fierce.
Most contracting and services firms have a myriad of systems and an unacknowledged dependence on specific individuals that “know what’s going on”. Oftentimes its spreadsheets and files all over the place, inconsistent processes, inaccurate client invoicing and lots and lots of manual work compiling claims, managing sub-contract financial relationships and reporting on contract status.
The larger the contract the more moving parts, the greater the management overhead and the more effort that goes into keeping all the plates spinning atop the sticks.
But things change really quickly in a project. Things can get missed, forgotten or done late. Not catching until time has passed – perhaps til it’s too late to do anything meaningful about them – such situations is expensive at best, potentially fatal to getting through the contract with some skin left it at all.
What you need is a management information system that helps drive standard process flows through the organisation, track your contracts and activities, puts automation around the claims procedures for both your contracts with clients and those you have with sub-contractors. You need world class core financial management and procurement capabilities for the company, real-time management and operational visibility, and best-in-class analytics. You need the Epicor Contracts and Services Suite (“CnS”).
Epicor CnS is a complete end-end solution for companies servicing the resources sector. Leveraging truly the visionary, 100% .Net service oriented architecture now in its 3rd complete generation Epicor Contracts and Services Suite extends the core Epicor ERP solution with functionality designed specifically to support your business.
As Epicor’s 2013 and 2014 Global Partner of the Year, Precise is – quite literally – the best, most highly regarded system integration expert in the Epicor family. We have real, hard-won domain knowledge in these areas backed by a deep technical resource bench and dedicated local Support team.
With Precise you are in good hands. Contact us to learn more about how we can start you deliver even greater results with Precise and Epicor ERP.