Clearstory
How Marinship Saves $190,000 Annually by Using Extracker
Summary
Marinship, a construction company, implemented Extracker to improve its T&M Tags and Change Order processes, leading to significant cost savings and efficiency improvements.
Value Drivers
Challenges
- Lost/unsigned T&M tags
- Lack of real-time visibility into operations
- Difficulty in scaling current infrastructure
- High operational costs due to legacy systems
- Poor data integration across departments
- Limited automation capabilities
- Inconsistent reporting and analytics
- Security vulnerabilities in existing systems
7 more challenges available
Solutions
- Using Extracker to digitally process T&M Tags and Change Orders
Outcomes
- 80.7% reduction in COR processing time
- Achieved 24/7 real-time visibility and monitoring
- Successfully scaled operations to support 3x growth
- Decreased operational costs by 40% annually
3 more outcomes available
Products
Software
Extracker
A digital platform for processing T&M Tags and Change Orders.
Target Organization
Marinship
Description: A construction company with 28 years of experience in building and heavy civil construction.
Industry:Construction, Civil Engineering