Going Global: A look at Regional Contractor Management Software Ecosystems vs Global Solution AES/32

Managing a global contractor program in an asset-intensive industry comes with a high degree of complexity and is regularly impacted by outside forces that affect how business is conducted. Some of the unique forces that shape and create changes in global asset-intensive contractor programs, such as those in Oil & Gas, Chemicals, Automotive, and Aerospace, are:

• Operational & project changes resulting from environmental impacts
• Local & Federal regulatory changes
• Material & equipment scarcity/changes in availability
• Material, equipment, and contractor price volatility
• Local and federal political influences shaping business operations and project scope
• Constant project expansions and cuts from the above factors

For asset-intensive companies that operate at a global scale, these outside forces are significantly amplified in their complexity as regulations, prices, environmental factors, and politics vary from region to region.

As companies in these industries are looking to gain more visibility and improved oversight to their contractor engagements on a global scale, how can they navigate the amplified complexity with a Contractor Management Software? Should asset-intensive companies opt for several regionally-based Contractor Management Solutions and integrate them into an ecosystem, or go for a global software solution?

The table below shows the most common global contractor program requirements in relation to the coverage from choosing a network of regionally-based software solutions vs. the singular global solution, AES/32.

(Green = full coverage from solution, Yellow = partial coverage, Red = limited/no coverage)`