Energy and utilities companies are experiencing an intense period volatility and transformation. From the emergence of consumers becoming producers through distributed energy networks, to fluctuations in oil and natural gas prices, to changing regulatory demands globally, leaders in this segment face significant challenges and uncertainty. In this uncertainty, there are enormous opportunities for organizations that are able to see more deeply into changing markets and beyond short-term challenges to position themselves for long-term success.
Protiviti partners with leaders to help them achieve greater confidence in changing environments. While the macro-conditions for organizations are similar, we seek to understand the unique strengths, risks and opportunities of your organization. We then collaborate with you to build custom solutions that maximize your chances for success and bring a tailored, multi-disciplinary team of professionals to fit your situation and company culture. While the process is never simple, our goal is, to help you face the future with confidence.
We help energy and utilities organizations manage critical business challenges to help them face the future with confidence. Here are some of the most pressing issues we are helping organizations to address.
Energy and utilities companies are often a target for cybercrimes Confidence in cybersecurity does not come from believing nothing will happen, it is achieved by knowing all the things that can happen and being prepared. Protiviti provides a holistic approach that defines what is most important to you, helping you to protect yourself and also react quickly when a breach occurs.
Trends in distributed resources, regional markets and the overall demand for increased flexibility are driving major transformation efforts for energy and utility companies. We help you to see the opportunities in fast moving markets, aligning people, processes and technology to transform your organization and help you to face the future with confidence.
Improving how you understand, organize and leverage your data assets is a business imperative. The challenge is identifying and capturing information in disparate systems and then organizing and managing this information to create business insights. Protiviti takes a pragmatic “one size does not fit all” perspective. We tailor solutions that fit your organization, enhancing business value through more efficient collection, distribution and usage of information.
Globally, there is an increase in performance-based regulation, in which power providers earn more by delivering on policy objectives such as energy efficiency or system resilience, rather than earning a profit based only on capital costs or volume of sales. We can help you address emerging trends and existing regulatory demands through solutions that position your organization for sustainable performance and compliance now and in the future.
Fluctuations in the price of oil and natural gas have energy companies seeking smart places to reduce costs today without limiting their future prospects. In addition, the capital investments and projects that drive exploration, refining and delivery, too frequently go over budget and off schedule. We help you identify and implement cost management and cash flow improvement efforts that drive performance, in both good times and those more challenging.
Volatility in energy prices impacts each organization differently. Some companies must restructure or find buyers for all or some of their operations. Others are looking for opportunities to acquire assets, rights or organizations or seeking capital from public or private markets. In all these situations, we provide independent due diligence services and help you maximize value available today and position you for success in the future.
In the fast-changing global energy market, control is critical to success. However, the demands on internal audit and finance functions continue to increase as the expectation today is not just for accurate reporting, but insights that can improve the business. We can help you steer your company with greater precision and prescience, increasing confidence you are on the right path with world class internal audit and finance functions.
The Board Institute, Inc. (TBI), in partnership with Protiviti has released TBI Protiviti Board Risk Oversight Meter™ to enable boards of directors to assess and improve the effectiveness of their risk oversight processes.
Learn more at TBI Protiviti Board Risk Oversight Meter.