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Empowering Modern Utility Operations

North American Gas and Electric Utility Achieves 60% Cost Savings through Implementation Services

Performance Challenge

The company wanted to modernize its business processes with the goal to transition to a clean energy future. They also wanted to maintain sophisticated business processes across the organization, quickly and efficiently, for greater productivity and more efficiency. It sought to minimize the costs of maintaining the database and its infrastructure.

How a North American Gas and Electric Utility Company Modernized Their Business Through Value Creed’s Implementation Services

KEY RESULTS

99%

UAT Test Cases

Demonstrating exceptional quality and reliability.

60%

Cost-Savings

Strategically reducing expenses to enhance profitability.

0

Errors Found

No issues were identified in daily valuation runs.

Strategic Approach to Project Success

To address this challenge, the power cooperative engaged with Value Creed in applying the successful natural gas book structure model to their power trading portfolio. Drawing on years of industry experience and deep domain knowledge, Value Creed initiated a strategic approach to implement an effective solution.

Implementation

Rapid Global Execution
Through our global delivery team, we were able to meet the requirements with an aggressive timeline
Secure Cloud Transition
Our team was also successful to enhance the data security and lowering the long-term infrastructure cost with cloud migration of the CTRM application
Automated Credit Management
Along with the delivery of the project, our team also automated the manual business process to manage credit positions.
Efficient Automation
Our team of experts worked extensively on advanced workflows to scale automation and enhance the productivity of the application
Effective Knowledge Transfer
Subsequently, our team ensured complete knowledge transfer and devised training sessions with all the stakeholders.

Value Creed Services Mobilized

Implementation

Implementation

The implementation services offered by Value Creed will help you in designing and set up your system’s workflows according to your business operations. In addition, we execute a change management & training program to assist your team in effectively maintaining system configurations as well as test the newly implemented CTRM application in accordance with the key requirements. 

Key Takeaways

By understanding the key requirements of the client, Value Creed developed tailored solutions to address all pain points. Additionally, the team developed custom configurations and set up a robust testing environment. Developing and implementing a comprehensive change management program and training enabled the company to not only reduce its infrastructure costs but also modernize its business processes.

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