Case Study: a multinational oil & gas company reduces rental costs and improves compliance with Management Controls' Track Rental Equipment Module

a major oil & gas company cuts off-contract rental spend by 70% with Management Controls

A major oil and gas client faced significant challenges due to a lack of visibility into its rental equipment usage and costs. With over 70% of its rental spend occurring outside of negotiated contracts, the company struggled with inflated costs, inefficient manual accrual processes, and ongoing invoicing discrepancies. To address this, they partnered with Management Controls and implemented the TRACK platform's Rental Equipment Module (REM).

Management Controls' REM solution provided comprehensive rental audits and real-time tracking, which exposed off-contract spending and optimized equipment allocation. The implementation gave the client the visibility needed to enforce contract compliance and streamline processes. This resulted in significant cost savings and improved operational efficiency, including automated invoicing reconciliation and more accurate financial reporting.