Energy and Utility Solution

Paves way to efficiency & fast growth of your disaggregated Business Model

Click to enlarge		The global energy/utilities markets are fragmented and largely immature. Energy and Utilities markets, especially in the United States, are deregulating and companies are comprehending the amount of communications that have to happen in order to sustain and consolidate these new market configurations. Therefore, a need for a collaborative eBusiness initiative is inevitable. According to a recent study by the QUEST program, on an average, companies in this industry spend only 15% of their total IT budget on
collaborative eBusiness initiatives while close to 80% of the companies consider web-based, end-to-end collaborative portfolio integration as extremely important. In the same study, Senior Executives have expressed dissatisfaction with the level of investment and progress that their companies have made on enterprise level management for Internal Process Optimization, Asset Management, Risk Management, Energy Exchanges etc on a portfolio basis.

InventX^™ Solution

Click to enlarge		InventX™ provides out-of-the-box web-based solution for the Energy & Utilities industry that directly fits in a disaggregated business model. InventX™ solution helps energy companies to trace and manage its Employees, Vendors/Suppliers, Executives, and even Customers in real-time across more than one channel in a highly secure environment. InventX™ product family has been architected to mirror project/process management workflow, especially in the disaggregated business model wherein
there is a strong need for an organized methodology of managing portfolio of projects. Multiple projects can be efficiently managed based on the Demographics, Business type, Product type, Inventory type, Distribution type, and/or based on the Information Technology hierarchy within a energy/utility company.

InventX^™ solution helps managers in monitoring and making decisions regarding the overall resources of projects. InventX^™ products also help the companies to trace & forecast various true costs across the enterprise. Day-to-day issues and time can be supervised in real-time and if there is a need, critical project information can be automatically notified to the appropriate individuals within the organization. InventX^™ solution helps to capture and organize the enterprise-wide distributed project information (Costs, Resources, Time, Tasks, Issues etc) from various functions of the value chain, including Generators, Network Owners & Operators, Traders, Brokers & Exchanges, and Service Providers & Retailers etc. The system can even administer tactical and strategic marketing strategies including launch of innovative offerings that has significant impact on both the short-term and long-term sales of a company.

InventX^™ products facilitates the companies to define the projects, plan, estimate, track, control, evaluate risks and even generate real-time reports for efficient executive level decision-making that has momentous influence on the company’s profitability. InventX^™ product design allows flexibility and compliance to allow the enterprise to evolve in line with its potential strategy. By accepting such a model, the organization can separate its dissimilar asset owner, asset manager, and service provider functions without incurring significant applications conversion costs when the strategy is actually deployed. At the Manager/Executives level, this implies that the architecture is robust enough to enable interfaces with multiple stakeholders and enabling data to be manipulated to allow effective decision-making.

Results

	Enhanced Team Collaboration including document sharing, Issues/Change management, Email etc.
	Superior Project Planning and Business Case Analysis including charter information (project type, reason for, description, background, etc), stakeholder information, checklists, goals and objectives, constraints, and deliverables.
	Improved Resource Management including efficient resource skill/group assignment and associated cost tracking capabilities.
	Multi-project Portfolio Management methodology including one step import/export to Microsoft Project, defining Work Breakdown Structure (WBS), tasks, milestones etc.
	Efficient Time Tracking and Expense Management for resources across the organization in real-time.
	Effective Project/Asset-tracking and Financial Reports with Comprehensive Risk Management Capabilities.

A Superior Solution!

InventX^™ Solutions are designed completely based on Industry Standard Methodologies and Best Practices (Project Management Institute’s Project Management Body of Knowledge [PMBOK], Software Engineering Institute’s Capability Maturity Model [CMMI]). The core strength of InventX^™ solution is its ability to tailor its solution to a specific company’s internal and/or external needs. For instance, a Energy/Utility company must track specific data during the execution of the projects relating to Segment Performance, Price Risk Tolerance, Assets, Fuels, and Load factors for both existing and incremental resources, 5-year Sales Forecasts, Discounts/Price Cuts Impact, and so on. This customization is done at the enterprise level, yet can be driven down to the portfolio, Project, document, and issue tracking level.

For more information on both conventional and non-conventional energy and power sectors, please contact us at info@inventx.com