Case Study: a large electric utility company saves over $8 million annually with Management Controls' TRACK

Large Electric Utility Provider Saves More Than $8 Million Annually with TRACK

A large electric utility company in New Mexico faced significant challenges in managing its $100 million annual contractor spend. The process was entirely manual, resulting in a complete lack of visibility into contractor activities, no checks and balances for invoice accuracy, and an inability to verify if charges complied with contract terms. To address this, the company turned to Management Controls and implemented their TRACK software.

By implementing Management Controls' TRACK platform, the utility automated its processes and gained real-time visibility into labor, equipment, and material costs across all sites. The solution provided automated contractual compliance checks, eliminating manual work and identifying out-of-contract charges. This resulted in annual savings of nearly 10% of their contractor spend, amounting to approximately $8 million, while also improving overall site efficiency and productivity.