Case Study: Matcon Corporation maintains project margins with Dataflow Project Accounting

Matcon use Dataflow Project Accounting to ensure margins are maintained on fixed price contracts

Matcon Corporation, an international engineering company specializing in lean production solutions for process industries, needed a better way to manage the growing complexity of its fixed-price, project-based contracts. The company wanted to streamline processes, control gross margins more tightly, and replace reliance on a generic accounting approach with software that could handle detailed project costing and lifecycle tracking. Matcon chose Dataflow Project Accounting to meet these requirements.

With Dataflow, Matcon implemented an integrated solution that captures project data once and provides visibility from enquiry through delivery and invoicing, while also tracking committed costs and revenue recognition. The system improved management information, reduced duplicated processing, and gave Matcon better control over project costs and gross margins so potential overruns could be spotted earlier. Dataflow also enabled flexible customization and streamlined reporting, helping Matcon manage complex contracts more effectively and protect profitability.

Matcon Corporation

John Aird

Chairman