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

How Major Oil & Gas Client Gained Control of Rental Costs & Improved Compliance

A global industrial company in the oil & gas sector, with over 30,000 employees and $200+ billion in annual revenue, faced significant challenges managing its rental equipment. The company lacked visibility into usage and costs, leading to 70% of its rentals occurring outside of negotiated contracts. This resulted in inflated costs, inefficient manual processes, and ongoing invoicing disputes. To address this, the company partnered with vendor Management Controls.

Management Controls implemented its TRACK platform's Rental Equipment Module (REM) to provide comprehensive visibility and automation. The solution offered real-time tracking of assets, automated invoice reconciliation, and detailed cost dashboards. As a result, the client reduced its rental equipment costs by an average of 33% per month and cut off-contract spending by 14%, achieving significant operational efficiency and improved financial accuracy.