Energy and Utilities Industry Solutions

Optimize Business Performance through Enterprise Risk Management Software

Key risk management challenges facing utilities today

With oil and gas prices at record highs, maturing domestic and emerging international markets, and increased M&A activity, there is no shortage of exciting opportunities and challenges in the energies and utilities sector. With potential returns on the rise, risk is also rising, and the stakes are higher than ever. Organizations that are able to tightly manage internal risk and control through integrated risk management will be more agile, and better positioned to evaluate the potential return of new business opportunities, driving higher and more consistent profits.

Compliance Management for FERC and NERC

In addition to the set of operational risks that energy and utilities companies face comes a diverse set of regulatory challenges, including complying with regulatory requirements like FERC/NERC and NRC standards. In this current business environment, risk has taken on a higher profile and has created greater responsibilities for those who manage it. Executive management and board members want a deeper understanding of how risk is being managed in their businesses and, in particular, how to manage risk to create the greatest reward for their shareholders.

Energy & Utilities Companies Use OpenPages for Disciplined Risk and Compliance Management

OpenPages® has helped leading energy and utilities organizations worldwide to leverage risk management strategies to improve their business performance. The OpenPages Platform enables energy and utility organizations to execute disciplined risk and compliance programs to manage unexpected outcomes and to reduce the impact of realized risks when they do occur.

Better Visibility into a Corporation’s Risk with OpenPages

OpenPages solutions provide enhanced visibility into the risk landscape, enabling business managers to make smarter decisions that maximize value, reduce costs and balance risk and returns. OpenPages enables organizations to achieve their strategic goals for both existing business processes and new initiatives, while avoiding hazards and shocks along the way.

Integrated Risk Management with OpenPages

OpenPages works with energy and utilities organizations across the globe, enabling them to eliminate risk and compliance silos, manage risk across the business, sustain compliance across multiple regulations, and embed these activities into their core business practices. OpenPages can help you:

• Meet new and evolving regulations including FERC/NERC and NRC guidelines, M&A regulations and SOX
• Automate compliance and supervision to help oversee business processes and employee activities, and review business processes against organizational policies and regulatory guidelines
• Proactively manage all aspects of operational risk, including risk and control self assessments, scenario analyses, loss events, and key risk indicators

Request Information

For questions or for more information on OpenPages' enterprise risk management solutions, please click here or call us at 781.693.5999.