SCR deploys a data scrubbing process which shares data with all Enterprise systems to ensure they have the same accurate and reliable data. All necessary information is captured at the same time, ensuring that SCR has what is needed by all downstream systems. SCR then "feeds" other systems that require capital, operational and maintenance cost data: Project Planning, Payables, Receivables, General Ledger, Billing, ERP …..etc
SCR helps contractors to reduce administrative and accounting efforts by sharing data already in their own system with SCR, rather than generating multiple different formats in multiple reports. Companies that outsource contract labor and equipment suppliers, whether on an ongoing basis or for short-term projects such as turnarounds, know the importance and difficulties of data collection, invoicing, review, and payment processes.
SCR is a powerful management tool. You now have the ability to look at detailed historical data and have fact-based negotiations with contractors and service providers.