Satellite firm SES saves millions with cloud project management tools
Summary
Such is the global scale of the business, and the range of skills and materials required, predicting and controlling costs for each project can be difficult, but it is necessary if SES is to maintain margins on each contract it wins. We needed a tool that could automatically generate this kind of data and flow it into the system so that the project team can manage the budgets and the revenue and control the P&L [profit and loss].” Although SES also uses SAP financial software for its accounting, it was not useful for project management because the true cost would only be known after contractors and suppliers had invoiced for work – typically creating a three-month lag in understanding of costs. So we worked together over three months, and we were able to build the additional features that we needed for our business and our environment.” The project has been a huge success, potentially saving the company tens of millions of dollars, according to Vella. However, Wallace warns that users investing in project management software need to pay as much attention to their own processes as the technology they hope will support them. By adopting cloud-based project management tools as part of an integrated portfolio of enterprise applications, SES has achieved significant savings and efficiencies.
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