Products :: Oncore

Real Cost in Real Time

Oncore is the first project cost management solution that enables vertical cost visibility of an entire project from inception to completion by providing real-time cost capture, validation, approvals, and reporting and analysis. Oncore tracks labor, materials, equipment and other costs for capital and operations/maintenance projects by line item. The Oncore solution provides robust analysis for complex calculations such as comparative contractor performance, and makes all information available in real-time.

Business Challenges

• Lack of cost visibility due to delayed billing cycles of 30 to 90 days
• Inability to compare contractor performance
• Duplicate billings and overcharges due to lack of contract validation
• Delayed response to cost and scheduling problems creates a reactive vs. proactive project management environment
• Inability to maintain accurate accounting records that adhere to internal/external compliance parameters

Integrated Cost Management

• Provides a comprehensive project cost view from a central data repository
• Enables secure and configured access to data by establishing privilege levels for contractors, sub-contractors, and other internal and external users
• Ensures accurate pricing, contract enforcement and handling of retroactive rate changes
• Work activity is captured at the work site, routed electronically for approvals according to customer-defined processes, and then priced in accordance with contract terms
• Enables in-depth evaluation and comparison of contractor performance based on a variety of productivity and earned value metrics

Real-Time Tracking

• Integration with other enterprise databases, including ERP, project management, accounting and human resources, as well as multiple departments across an enterprise
• Ability to supply project management systems with real-time cost information for accurate earned value analysis and true determination of project health

Drilldown or Rollup for Different Business Functions

Provides project cost, status and progress reports from the project and cost control manager level to corporate ERP and financial management and reporting systems.

Data Capture

Oncore's highly flexible and configurable real-time data capture system provides a single point of entry for multiple stakeholders to input all cost and progress measures. Costs are collected as near as possible to their source providing clarity and granularity in information.

Cost Validation

Oncore instantly calculates and validates cost inputs according to business or contractual rules and terms that are entered in the system. Double billings, rate overcharges and manual time and cost reconciliations are eliminated.

Electronic Approval

Oncore's electronic approval system is configured to match your company's approval process and can accommodate multiple levels of management and stakeholder approval. Oncore's efficient approval process can eliminate the error and billing disputes that often erode working relationships.

Reporting & Analysis

Oncore's reporting and analysis system is configured to provide both the summary level and detailed reports needed to meet the needs of multiple stakeholders in order to drive agile decision making. Real-time reports and the system dashboard allow managers to identify, monitor and respond to issues immediately.

Integration

A suite of tools and technologies to integrate Oncore data with related project and business systems provides real-time updates to planning and financial information, increasing the ROI of your investments.