ANAHEIM, Calif.--(BUSINESS WIRE)--Today, from its annual User Conference at HxGN LIVE, EcoSys is announcing the availability of a new Contract Management module that offers rapid adoption of EcoSys EPC’s industry-leading contract management features. The module provides owners and contractors with a rich set of contract control, collaboration, and workflow features, with the added benefit of a seamless integration with EcoSys’ enterprise project controls platform.
Effective contract management is an essential component to a successful project execution strategy. Capital projects are often delivered using multiple contracts with varied terms that need to be diligently monitored in order to avoid surprises and costly overruns. Project productivity can be greatly impacted by timely status reporting and follow-up on open actions on contracts.
EcoSys’ Contract Management module provides organizations with an easy-to-use web and mobile solution for addressing the complex management issues within contracts. It combines traditional contract management features – including management of RFIs, changes, submittals, and payment certificates – with EcoSys’ robust cost controls and performance management functionality. Contract managers can leverage this information to anticipate risks before they are realized and contract parties can efficiently communicate and share information using user-friendly collaboration features.
“The new Contract Management module addresses a gap in the market for a modern and robust solution providing contract collaboration combined with advanced cost controls capabilities,” said Javier Sloninsky, CEO of EcoSys. “The solution can be used for a particular contract, as well as for multiple contracts across an entire project portfolio, allowing organizations to be proactive in managing the contractual impacts to their projects at both strategic and tactical levels.”
The EcoSys solution allows current and new customers to quickly adopt best practice contract management features, all within the framework of EcoSys’ enterprise project controls platform. Based on a user’s role, be it a third-party contractor, contract manager, project controls manager, or project executive, contract status and issues can be routinely monitored and addressed. Armed with greater visibility into how contracts are impacting projects, organizations can make smarter decisions and deliver projects more efficiently.
EcoSys, an Intergraph Process, Power & Marine company, is the global standard for enterprise project controls software. Its easy-to-use, web-based platform, EcoSys EPC, helps organizations worldwide plan and manage project portfolios, control project costs, and improve project performance. Intergraph PP&M is part of Hexagon, and the leading global provider of engineering software for the design, construction and operation of plants, ships and offshore facilities. Together Intergraph and EcoSys deliver a portfolio of enterprise engineering software and project controls technologies that drive greater productivity and value for clients.