MARC Financial

MARC Financial is an area of AMT specifically designed for reporting the financial status of maintenance and repair contracts (MARC).

Each equipment supplier (OEM) will have their own corporate policies for profit recognition, allocation of profits between internal departments and calculating maintenance and provision requirements. They will also have their own accounting methods for implementing those policies. Therefore, the objective of MARC Financials is to provide some standard financial performance reporting of MARC agreements.

In some cases, these reports will not match the specific policies of the OEM, in which case the reports will be downloaded by the OEM to extract the data needed to feed into specific reports outside of AMT.

AMT provides specialised reporting for maintenance contracts.

• This reporting compares billings (revenue) to cost at cost.
• AMT can incorporate overheads if required.
• These financial reports are usually restricted to accountants and managers.

AMT also facilitates operational analysis of contract performance.

• This reporting compares actual and projected cost performance to the contract budget.
• This type of reporting in AMT uses Cost at Sell.
• Allows information-sharing with customers.
• Site management use this area of reporting.

Both sets of analysis are based on common sources of data.

• Actuals to date: billings and costs are provided to AMT by external systems.
• Projected: billings and costs are sourced from projections (current and budget).

If the data imported into, and maintained in AMT are not in a healthy state, the reliability of both financial and operational financial reporting is undermined. The AMT Health Assessment process reviews the health of AMT and identifies what areas need to be improved and how.

It is recommended that the Health Assessment process is conducted monthly, and the health status of AMT is reported monthly by site in their existing monthly reports.