Topic - Technology

Capturing 45Q Tax Credits with myTrack

Find out how myTrack simplifies 45Q tax credit compliance with automated tracking and real-time validation, securing valuable incentives for your business.

Unlock IRA Tax Credits with myTrack

Unlock your Inflation Reduction Act (IRA) tax credits with myTrack. Find out how this powerful tool simplifies compliance.

Can Your VMS Ensure You Are Paying Contractors Correctly?

Discover the 8 ways Track differs from a Vendor Management System (VMS).

Steel Manufacturer Realizes an 18% Reduction in Equipment Overbilling with TRACK

Find out how a leading large U.S. steel manufacturer saved 5%-8% on labor and 18% on equipment with TRACK.

5 Reasons to Choose Tools with Open APIs

In this video, we're diving into the transformative power of technology in #heavyindustry . This video is a much-watch for businesses in sectors like #oilandgasindustry , #powergeneration and the #mi

5 Critical Safety Risks to Conquer with Automation

? Safety and Efficiency United! ? Welcome to our latest video: "5 Critical Safety Risks to Conquer with Automation in Contract Management." We delve into the world of contract management and automati

myTrack® Helps Customers Take Advantage of the Inflation Reduction Act's Tax Credits

Discover how Management Controls Inc.'s myTrack Platform aids companies in utilizing the Inflation Reduction Act's 48C(e) tax credit.

MCi Revolutionizes Contractor Data Management With the Launch of myTrack, the Next-Generation Platform Optimized For Real-Time Insights

Management Controls Inc. unveils myTrack®, a cutting-edge contractor data management platform.

How Finance Teams Can Improve Accuracy and Control with Contractor Data Management

In today's fast-paced business environment, finance teams are tasked with delivering more value using fewer resources. Managing budgets, ensuring compliance, and accurately tracking...

How to Tackle Mining's Toughest Challenges with myTrack

The mining industry is critical in the global business landscape, providing essential resources driving economic growth and industrial development. Today's global industry faces...

Can Smart Tech Boost Grid Efficiency and Savings for Utilities?

The utility industry is an unsung hero for nearly every community – until the power falters. For example, my home state of Texas recently faced extreme weather, causing downed power...

How Can Tech Boost Agri-Chem Efficiency and Compliance?

The world population is more than three times greater today than in the mid-19th century. Feeding a rapidly growing global population is one of the most pressing challenges of our...

What Are 4 Key Impacts of Artificial Intelligence (AI) in Heavy Industry?

Artificial Intelligence (AI) is ubiquitous and is impacting nearly every industry. For the heavy-asset industry, AI has already begun to positively impact how the industry can...

How the myTrack Mobile Authorization App Improves Safety and Productivity

Imagine you’re a foremen or supervisor in the heavy-asset industry. Your daily focus should be in the field during routine maintenance, turnaround, outage, or capital projects. If...

Wired for Change? Why the Utility Industry Needs Digital Tech

The utility sector is navigating a storm of challenges. Surging demand is colliding with escalating concerns over grid reliability. Meanwhile, others are calling for enhanced...

What Key Challenges Are Reshaping the Downstream Industry?

In the ever-evolving landscape of the oil and gas industry, the downstream sector faces many challenges—from cost control barriers to workforce shortages to digitalization hurdles. ...

4 Ways myTrack Delivers Value for the IRA Tax Credit

The Inflation Reduction Act (IRA) provides $500 billion in new spending and tax breaks to boost clean energy, increase tax revenues, and reduce healthcare costs. Under IRA section...

2024 Outlook: Can Heavy Industry Overcome Its Labor Challenges?

As 2024 kicks off, major manufacturing hubs around the world continue to face a tough labor market. The struggles vary—whether your company is trying to fill an entry-level...

Contractor Management Best Practices: Achieve Visibility, Control, and Cost Savings

How you can achieve visibility, control, and cost savings, by combining advanced technology with key industry best practices through business process automation.

Fortune Global 5 Refinery Saves Over $2.1 MM In Only Six Weeks

Once the ACS Gate Log was automated there was a significant decrease of Straight Time, Over Time and Double Time for a savings of11.7%. These savings originated from offsite work validated by the...

Future-Proof Your Business Through Digitization of Your Contractor Workforce

The pandemic has taught us that consideration for the future is a must. Learn how digitizing your contractor workforce can help future proof your business.

Fixed Fee: The Best Use of this Contracting Strategy

The Fixed Fee contracting strategy defines a fixed amount for payment at the beginning of a contractual engagement.

8 Ways the myTrack Platform Differs from a Vendor Management System(VMS)

With Industry 4.0 on our doorstep, companies are looking for ways to digitally transform their contractor management processes. Find out 8 ways the myTrack platform differs from a VMS system.

5 Tips to Improve Alignment in Supplier Relationships

Read our next blog post for Sourcing and Procurement professionals from Anna Van Cleef about tips and best practices to improve alignment in the workplace.

Contractor Spend Management: The Error Proof Process to Ensure Invoice Accuracy

TRACK Platform digitizes and automates the contractor management process from the time work begins through payment. TRACK integrates with Pre-qualification Solutions, ERP Systems, and Access...

New User Efficiency Updates Added in the latest TRACK Software Release

Management Controls, Inc. releases user efficiency improvements in the latest Track Software Release.

4 Strategies to Control Mining Contractor Service Costs During an Economic Turndown

Consider these strategies to better control mining contractor service costs and help your company work smarter through the economic downturn.

Management Controls, Inc. Collaborates with Coupa to Optimize and Manage Services Spend

Management Controls, Inc. (MCi), the leading provider of Contractor Management Software for heavy asset-intensive industries, and Coupa Software (NASDAQ: COUP), today announced a...

7 Ways You’re Leaking Cash During Turnaround Season

Find out how to become contract compliant by automating the work-to-invoice process to ensure accurate hours and costs.

What Are 3 Trends & Challenges Facing Downstream Markets?

Discover emerging trends and obstacles facing the downstream petrochemical industry. Learn how companies are transitioning to digital solutions.

How to Keep Mining Projects On-Schedule & On-Budget

Find out how the mining industry is embracing new technologies to safely deliver mining projects on time and within budget.

Ready to Error-Proof Your Audit Findings?

Find out how to close your audit gaps to error-proof the process for validating contract work hours. Plus, you'll improve owner-contractor relationships.

What Are the Top 3 Mining Procurement Challenges?

Overcome your mining procurement obstacles. Learn how to scale mining operations, stay on budget, manage purchase orders, and resolve vendor disputes.

How Tech Helps Balance Savings & Safety in Manufacturing

Find out the advantages of having at-your-fingertips manufacturing technology and data to wrangle project timelines, plus ensure a safe manufacturing job site.

Why Choose Managed Services? Three Benefits for Heavy Industry

Discover the benefits of managed services. See why you should engage subject matter experts so your employees can do what they do best.

Maintenance Manager Q&A: Taking Plant Safety from Weekly Fires to Goal Zero

We spoke with Bruce Grissom, a former Maintenance Manager with over 40 years of experience. He shared how he helped to build a safety culture and how safety has evolved in the...

Why Paper Timesheets Won't Cut It for Capturing Time On-Site

In this era of Industry 4.0, the benefits of automation are touted at every turn. It may be hard to believe that paper-based timesheets are still a big part of how owners and vendors...

[Infographic] 6 Common Contractor Invoicing Errors

Using third-party contractors to supplement your in-house workforce is common in the heavy asset industry -- from chemical to pulp and paper to mining facilities. Contractors can...

How Technology is Helping Miners Deliver on Net-Zero Strategies

When it comes to going green, the mining and metals industry is feeling pressure on many fronts. First, there is pressure to deliver on tough carbon reduction goals – such as...

10 Ways Leaky Contracts Can Hurt Your Business

In the heavy asset industry, leaky contracts are a critical challenge that can impact project timelines, budgets, and overall operational efficiency. In fact, EY estimates that...

3 Challenges of Legacy Systems & Data in Contractor Spend

Today's heavy-asset industry has moved from the assembly line to the computing cloud. Yet, there is a persistent demand for more digital transformation. This can include a myriad of...

Q&A: How to Manage Your Commercial Strategy & Mitigate Risk

We spoke with Mike Mantooth, Director, Capital Projects, at MCi. He is the former Global Contract Manager at United States Steel Corp. As a contract expert, Mike shared his thoughts...

Why You Need Contractor Data Management During Turnaround Season

Many refineries postponed planned maintenance and improvement projects—first during COVID-19 and then amid supply-chain disruptions and pressure to ramp back up. By comparison, this...

5 Reasons You Need Tech Tools With an Open API

In the heavy-asset industry, the shift towards digitalization has been occurring steadily. Many small companies dip their toe in and update systems as they scale. Large companies in...

Part 1 (of 3): Uncovering the Top 10 Operational Challenges in Heavy Industry

We sat down with Bruce Grissom, a former maintenance manager with over 40 years of maintenance experience at multiple oil and gas refineries, for a closer look at 10 common...

Part 2 (of 3): Uncovering the Top 10 Operational Challenges in Heavy Industry

We sat down with Bruce Grissom, a former maintenance manager with over 40 years of maintenance experience at multiple oil and gas refineries, for a closer look at 10 common...

Part 3 (of 3): Uncovering the Top 10 Operational Challenges in Heavy Industry

We sat down with Bruce Grissom, a former maintenance manager with over 40 years of maintenance experience at multiple oil and gas refineries, for a closer look at 10 common...

AI and Automation Streamlining Nuclear

Check out CTO Michael Lewis' article in Nuclear Engineering International on how AI and automation are revolutionizing the nuclear industry.

It’s Time for Utilities to Back Smart Grid Optimization with the Right Tech

Check out MCi's Mike Naughton in Power Magazine on how utilities can leverage the right technology to optimize smart grid systems, enhancing efficiency and reliability for a sustainable energy future.

How Technology Helps Overcome 10 of the Top Operational Challenges in the Energy Sector

Discover how technology addresses top operational challenges in the energy sector, ensuring contract accuracy, improving financial oversight, and enhancing overall efficiency and compliance.

4 Ways Technology Can Keep Workers Safe

Explore how technology enhances safety in workplaces with Ken Naughton's insights on leveraging data and digital tools for worker protection.

Technology Plays a Key Role in Manufacturing Sector's Recent Resurgence

MCi President Ken Naughton's article in Manufacturing Tomorrow discusses the impact of technology and legislation on the U.S. manufacturing sector's resurgence and growth.

Management Highlights Top Trends and Predictions for Heavy Asset Industry

Discover MCi President Ken Naughton's analysis in Australian Manufacturing on the heavy asset industry's future, emphasizing technology and employee well-being amidst various challenges.

How Smart Industrial Technology Factors into ESSA, Corporate Culture

In her Smart Industry article, Jackie Andre, Senior Director at Management Controls, delves into how merging smart industrial technology with the ESSA methodology can revolutionize manufacturing.

How Technology Helps the Oil & Gas Industry Improve Safety

MCi's Bruce Grissom, in OILMAN Magazine, explores how technology fosters a proactive safety culture in the oil and gas sector, emphasizing real-time monitoring and 'Goal Zero' ambitions.

How Tech Can Improve Safety & Project Performance

MCi President Ken Naughton discusses in Construction Business Owner how digital technology in construction balances safety and productivity, addressing challenges and enhancing ROI.

How Digitalization Enhances Worker Safety & Performance in Chemical Plants

MCi President Ken Naughton in Chemical Processing discusses how digitalization in chemical plants enhances worker safety and performance through real-time insights and data management.

Real-time Data Can Solve the Top Three Challenges of the Owner-Contractor Relationship

In an Australian Manufacturing article, MCi President Ken Naughton explores using real-time data to enhance safety, productivity, and cost in owner-contractor relationships.

Automation Eases Owner-Contractor Conflicts

MCi President Ken Naughton discusses how manufacturing automation transforms owner-contractor dynamics, enhancing safety, productivity, and cost efficiency.

Transforming the Owner-Contractor Relationships Using Data

MCi President Ken Naughton discusses in Supply & Demand Chain Executive how data analytics transforms owner-contractor relationships in manufacturing, enhancing productivity, safety, and transparency.

[Infographic] 5 Facts: Unlocking the Inflation Reduction Act (IRA)

Explore the transformative potential of the Inflation Reduction Act (IRA) with Management Controls' insightful infographic.

Management Controls Introduces myTrack Contractor Management Platform