MCi Achieves Unprecedented Growth and Cost Savings for 2024

MCi Marks an Exceptional Year of Growth

Management Controls, Inc. (MCi) has made significant strides in the heavy industrial sector, demonstrating a remarkable transformation in contractor data and spend management. The company's accomplishments in the recent fiscal year have been nothing short of extraordinary, highlighted by a staggering 175% growth in new customers and a 111% increase in customer expansion sites. This growth reflects a robust demand for MCi's innovative Contractor Data and Spend Management Platform, which has proven invaluable in enhancing contractor management processes, oversight, and ultimately, cost-efficiency.

Record Savings and Customer Adoption

As organizations across industries continue to seek solutions that provide effective contractor oversight, MCi has stepped up to the challenge. Customers have reported achieving more than $2.42 billion in validated contractor savings in 2024 alone. These savings were confirmed through selective customer audits, underscoring the platform's role in delivering tangible value. This success is largely due to the seamless integration of MCi’s services into their operations.

Industry Reach and Client Base Expansion

MCi's focus on broadening its industry reach has paid off immensely. The company has seen notable growth specifically in the engineering, procurement, and construction (EPC) sector. Not only has MCi attracted new clients, but it also experienced a fantastic 50% year-over-year growth in the adoption of its Managed Service offering. This growth signifies an increasing trust among clients, entrusting MCi with crucial platform management to maximize contractor oversight and management efficiencies.

Unwavering Commitment to Success

Ken Naughton, President of MCi, proudly stated that the exceptional growth they’ve witnessed demonstrates the real value they provide to their customers in heavy industrial operations. As MCi continues to expand its customer base and ventures into diverse industries, the company is well-positioned for even more success in the future.

Strategies for Effective Contract Management

MCi has firmly established itself as a leader in contract management solutions. The myTrack Platform, introduced by the company, is adept at offering automated contract compliance while providing a comprehensive view over labor, equipment, rental equipment, and material expenditures. By leveraging real-time data provided by myTrack, clients are empowered to optimize their performance and ensure safety during routine maintenance, turnarounds, capital projects, and overall operations.

Looking Ahead: A Bright Future for MCi

With an impressive track record for the fiscal year, MCi facilitated the effective management of 26 capital projects and orchestrated 83 Shutdowns, Turnarounds, and Outages (STOs). This range of exemplary project management reflects the company’s ability to maintain stringent cost control and oversight across various operations.

Moreover, MCi expanded its geographical footprint, penetrating into existing regions by adding 26 sites in North America and 6 in the APAC region. Today, MCi proudly serves over 350 industrial facilities around the globe, leveraging its software and service capabilities to create a more efficient and productive work environment.

Commitment to Enhanced Productivity

As it stands, Management Controls, Inc. empowers companies to achieve improved visibility, control, and productivity through their labor force management. The impressive growth trajectories set by MCi not only signify the company's resilience and innovation but also provide a promising outlook for all its stakeholders, customers, and employees alike.

Frequently Asked Questions

What was the growth percentage of new customers in 2024?

Management Controls, Inc. (MCi) achieved a 175% increase in new customers for 2024.

How much verified contractor savings did MCi report for 2024?

MCi reported over $2.42 billion in validated contractor savings from select customer audits in 2024.

What does MCi’s myTrack Platform offer?

The myTrack Platform provides automated contract compliance and an integrated view of labor, equipment, rental equipment, and materials spend.

Which industry sectors has MCi seen notable growth in?

MCi has experienced notable growth in the engineering, procurement, and construction (EPC) sector.

How many sites does MCi currently operate in globally?

Currently, MCi operates in over 350 industrial facilities worldwide.

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