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| Theme: IT Consulting in Energy Industry with specific product expertise on Solarc’s Right Angle Enterprise Trade Management Software |
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Client: Midstream Energy Services Provider To Producers And Consumers Of Natural Gas, NGLs And Crude Oil
- Business Problem: Driven by new reporting regulations, our client desired to meet the following requirements by February 2005:
- Provide timely current product position reports and out month position forecasts, including related costing information
- Provide forecasted P&L information by the first workday of each month to meet regulatory reporting deadlines
- Provide forecasted P&L information for future months for inclusion in forecasts for investment analysts
- What Provante delivered:
- Project Management – Our team is developed and maintained project timelines and tracking issues and task assignments for resources
- Business Knowledge – Provante provided subject matter experts workied with the users of the system to review and revise daily business processes
- Business Process Improvement – We documented and assisted with training on improved daily work processes relating to inventory evaluation, position reporting, and financial reporting
- Solarc Right Angle (RAIV and 3.2) Production Support – Provante resources provided end user production support enabling key client staff to work on this project
- Client Results: Upon project completion, our client could
- Capture all components of cost and revenue in one system
- Execute optimized work processes to provide the most current information available to the Risk Management system in an efficient and systematic fashion
- Extend the value gained from using the RAIV system by implementing:
- Inventory costing
- Position Reporting
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