Only a few weeks, RCR has conducted a "COMPREHENSIVE" internal investigation!!! REALLY??
"Investigation consisted of analysis of project and financial data, data analysis and exception reporting from the ERP system, project personnel interviews, supplier statement confirmations, project manager confirmations and visits to certain solar project sites"
"Procurement Control issues occurred during the recent peak execution period. Whilst the Procurement Control issues prevented the timely recognition of expenses in RCR’s systems, the work done was essential to complete the Project"
so….after checking their current opportunities - they are using ERP Pronto to manage their key projects but ERP SAP come up from the RCR ERP search result…my guess is they are using 2 different systems!
what is going on with their procurement process and system?? We all asked the same question…how the hell they blow out 56m on one contract using this crap processes and system????
RCR Price at posting:
$2.80 Sentiment: Sell Disclosure: Held
