Case Study: a leading U.S. chemical producer achieves 95% cost accuracy with Management Controls' myTrack

Maintenance Manager Achieves 95% Cost Accuracy and Real-Time Data Forecasting

A maintenance manager at a leading U.S. chemical producer faced significant challenges with budget oversight during plant turnarounds. With no real-time visibility into contractor spending and costs, the company routinely experienced invoice surprises and cost overruns long after projects were completed. To eliminate this uncertainty, the manager turned to Management Controls and implemented its myTrack contractor spend management software.

Using Management Controls' myTrack solution, the manager gained real-time visibility into all contractor activities and costs. This enabled 95% cost accuracy for reporting and completely eliminated late invoicing after project close-outs. The tool identified and helped eliminate 10-15% in spending leakage from overbilling, which allowed the maintenance budget to remain flat despite inflation.