Streamlining MRO commercials and finance: Ensuring profitability and precision
In the fast-paced world of MRO operations, managing contracts, service level agreements (SLAs), and financial transactions is the backbone of profitability. As MROs face unprecedented challenges—from labor shortages and supply chain disruptions to surging demand—the need for a robust, flexible system to handle these complexities is more critical than ever. Sensus Aero’s Commerce and Finance suite is designed to meet these demands, providing MROs with the tools they need to stay ahead on the books!
Contract Management: Flexibility at Its Core
Contracts are the lifeblood of any MRO operation, and the ability to manage them effectively can make or break your margins. Sensus Aero’s contract management module offers unparalleled flexibility, allowing you to tailor contracts to fit the unique needs of each customer—even within the same organization. Whether you’re dealing with general terms or specific agreements for long-term maintenance cycles like 6-year or 12-year checks, the system adapts to your requirements, ensuring that every detail is captured and managed efficiently.
Cost Management: Accurate and Transparent
In an industry where margins are tight, accurate cost management is essential. Sensus Aero allows you to track labor hours, materials, and non-routine estimates with precision. From detailed maintenance department cost breakdowns to corrective action tracking, every element is accounted for. This transparency helps MROs avoid unexpected costs and ensures that all expenses are clearly documented and easily accessible.
Billing & Invoicing: Precision in Every Transaction
Billing and invoicing are where the rubber meets the road in terms of revenue generation. Sensus Aero supports both quote-based and actual-based billing, allowing for flexibility depending on the contract terms. The system covers all customer requirements, including overheads, non-routine’s , additional charges and handles multi-currency management seamlessly, with live rates pulled from the European Central Bank. This ensures that all conversions are accurate, and any discrepancies are managed effectively, reducing the risk of revenue leakage.
Profit Margin Tracer: Monitoring Profitability in Real-Time
Maintaining healthy profit margins is a constant challenge, especially as work progresses on a complex project. Sensus Aero’s Profit Margin Tracer is designed to help MROs track margins on a per-job, per-customer, or per-region basis. As parts are issued and labor is recorded, the system tracks whether the projected margin will be met, allowing you to make adjustments on the fly. This proactive approach helps safeguard profitability and ensures that potential threats to margins are identified and addressed early.
Customer Portal: Enhancing Client Interaction
In today’s digital age, providing customers with easy access to their accounts and ongoing projects is no longer just a nice-to-have—it’s essential. Sensus Aero offers a customer portal where clients can log in to view project statuses, interact with your team, approve or reject non routine cards or additional parts and labor. This transparency and ease of access build trust and improve customer satisfaction.
Finance Integration: A Seamless Workflow
Sensus Aero is built to integrate seamlessly with financial systems, whether for time and material tracking, procurement management, or aircraft data. With a range of touchpoints and API capabilities, the system ensures that all financial data flows smoothly between departments, reducing the risk of errors and enhancing overall efficiency.
Driving Profitability and Efficiency in MRO Operations
In a challenging market, the ability to manage contracts, costs, and finances effectively is crucial. Sensus Aero’s Commerce and Finance suite equips MROs with the tools needed to navigate these complexities, ensuring that every project is profitable and every transaction is precise.
Are you ready to take control of your MRO’s commercial and financial operations? Let’s explore how Sensus Aero can help you achieve sustainable profitability and operational excellence.
October 17, 2024
