Do You Trust Your Project’s Budget, Schedule and Reporting?
The EPC industry offers up a stratospheric level of business complexity that keeps CFOs and CEOs awake at night, and for good reason. When you’re designing, building, financing and overseeing the building of bridges and dams, commuter transit lines or even full-scale power plants and LNG projects, it’s vital that you have cashflow visibility, and full project management oversight.
Get Your EPC Cost Management Under Control
Your EPC project likely involves hundreds of employees, many dozens of subcontractors and hundreds of companies with expertise all the way through the supply chains. You need to make sure your projects are on time and on budget because unless everything is done right, your firm will be leaking money. Even worse, a few poorly considered decisions could affect the entire matrix, and cause the project to fail stupendously.
No Time to Mess with Compliance
With high stakes mega construction projects, compliance is critical to your survival. You need to track your certified staff, ensure the company meets its bank compliance requirements, worker safety requirements, and in the case of P3s (Public Private Partnerships), monitor compliance with any and all government regulations.
Bottom line: your clients need to have confidence that every part of the project is not only handled but handled with accuracy and integrity. One slip, and you risk a potential law suit, and bankruptcy.
Cashflow is Critical
As companies work through the planning, design, manufacturing, construction, and operation phase, it’s vital that cash continues to flow.
Getting invoices out in time helps ensure you have that steady flow of cash that you need. This will ensure you meet your commitments – whether that’s supplying construction materials, providing ongoing maintenance or even end-of-life options, depending on the agreements you have in place.