Case Study: Matcon Corporation holds gross margin on fixed-price contracts with DataFlow Project Accounting

Matcon cuts project re-keying to once and tracks margin across 11 countries with Dataflow

Matcon Corporation, a lean production specialist for the process industry, needed to replace its generic accounting system to gain control over the life-cycle of its sizable fixed-price contracts. The challenge was to find a system that could track expected final costs and committed spend without requiring data to be re-keyed, as few project accounting packages were suited to their project-based business. They chose to implement the DataFlow Project Accounting solution.

The solution from DataFlow provided a project-specific lens over the financial ledgers, integrating CRM, CAD, and timesheets. This eliminated duplicate data entry and included committed costs in projections, giving constant visibility of cost and gross margin. As a result, Matcon can now spot potential cost over-runs early and access faster, higher-quality management information, preventing the disaster of taking profit too soon and having to write it back later.

Matcon Corporation