The Rising Tide ofRate Management

Bob Harrell & George CoyerManagement Controls

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The Rising Tide of Rate Management

• Track owners negotiate contracts with thousands of

service providers and over 1,000,000+ unique labor rates.

• Rate build-up and maintenance of contract specific

labor rates is challenging using Excel spreadsheets.

• Rates must ultimately be loaded into Track for execution.

• MCi welcomes your input!

Phase-I Objectives

• Enhance existing Track v6.2 labor rate import functionality

– Include ERP-Vendor code on the import template.

• Add logic to translate ERP-Vendor code into Track ORG code.– Include Plant code on the import template.

• Add logic to translate Plant code into Track LOC code.– Include options to insert new Agreements, Global Skills, and

Agreement/Skill assignments for template/s– Automate the import of labor rates (i.e. Template interface).

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April 10, 2023 Management Controls, Inc. — CONFIDENTIAL 4

Phase-II Objectives• Incorporate Rate Management functionality and best

practices into Track. Develop a full-featured and

collaborative rate management solution.

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