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Energy & Utilities

The unprecedented growth experienced by the energy industry also brings new challenges. In a global marketplace that operates around the clock, critical financial, business and operational decisions need to be made quickly and with reliable information. The Energy industry relies heavily on cutting-edge technology and innovation when it comes to the discovery and production of reserves.

However, behind the scenes, processes and systems are typically operating on less mature systems. Many energy companies have implemented an array of independent applications to manage specific business requirements. A disconnect from independent applications to the core financials creates inefficiencies, reduces profitability and makes regulatory reporting extremely difficult.

Ideaca has extensive experience in E&P, Energy Field Services, Power Generation and Local Distribution companies. We have helped companies in these areas to increase flexibility and gain visibility to people, investors and customers, while facilitating their ability to take advantage of the increasing market opportunity.

Key Challenges addressed in the Oil and Gas Segment:

  • Meeting local financial regulatory requirements
  • Tracking of well profitability from original AFE to production
  • Managing local currency on global projects
  • Measurement of AFE’s performance summarized by business unit perspective
  • Real time reporting of net DOI position against entire project.
  • Managing disconnected and non collaborative teams
  • Communication of forecasting and scheduling details due to the lack of integration of current systems
  • Manual management of forecasts, nominations, and actuals causing delays in the settlement process

Key Challenges addressed in the Utilities Segment:

  • Smart metering integration
  • Energy technology consumerization
  • Managing Regulatory and Compliance Reporting
  • Managing the capital requirements of aging assets
  • Mitigating the impacts of changing workforce demographics
  • Assuring the security and integrity of infrastructure and technology