e2020's tracking and invoicing system simplifies the complex projects conducted with Time & Material and/or Lump Sum payment arrangements. It keeps you up-to-date with changing government rates, automates daily report tracking and approvals, and enhances cross-team collaboration, all while reducing manual processes and preventing budget overruns.
Stay Up-to-Date with Government Rates
Keeping track of constantly changing government-approved equipment and labor rates can be a daunting task. Our solution ensures that you’re always current, reducing the risk of costly errors and delays.
Effortlessly Track Daily Reports
Say goodbye to the headache of managing T&M Daily Reports and all the loose invoices. Our system streamlines the approval process, helping you uncover missed reports and track costs with ease. No more sifting through mountains of paperwork—just clear, organized reporting that keeps your project on track.
Automate Manual Processes
Our platform eliminates the need for complex manual procedures. Handle report corrections and approvals with just a few clicks, freeing up valuable time for your team to focus on what matters most.
Enhance Collaboration Across Teams
Improve communication and cooperation between all stakeholders with our synchronized, cross-departmental visibility. Whether you’re a project owner, inspector, or contractor, our system keeps everyone in the loop, ensuring smooth and efficient project management.
Keep Your Projects on Budget
Avoid budget overruns with proactive tracking tools that monitor your project’s financial health in real-time. Stay ahead of potential issues and keep your project within its authorized budget, without the stress of manual oversight.
Streamline Progress Payments
Our solution simplifies the invoicing process, making it easy to package multiple T&M Daily Reports for progress payments. Track the status of your invoices and avoid delays caused by rejected reports, ensuring that your cash flow remains steady.
User-Friendly for All Stakeholders
Designed with ease of use in mind, our system reduces the learning curve for new team members, helping them get up to speed quickly and efficiently. Whether you’re a seasoned professional or new to the industry, our platform is intuitive and accessible for everyone.
Tangible Results
A two-year study of a team of eight engineers and 35 field inspectors produced the following results:
For Contractors
- Average T&M daily report approval time (including time waiting for vendor invoices) decreased from 60 days to 19 days.
- Average length of time for T&M daily report, from the date of work to being ready to invoice, was reduced from 128 days to 47 days.
- Contract administrators now manage T&M daily reports spanning the past two months instead of six.
- Progress payments rejection rate dropped from 55% to 20%.
For Owner’s Engineer Team
- Length of time to approve progress payments decreased from 20 days to 7 days.
- Progress payment capacity per month increased from 100 to 150.
- Average review time per day was significantly reduced from 2 hours to 0.5 hours.
- Full Time Equivalent (FTE) per progress payment dropped from 0.156 to 0.059.
