A unified and holistic system for energy companies
Cubewise is well placed to deliver a nuanced and thoughtful IBM Planning Analytics / TM1 implementation that can take your energy company to the next level. By integrating advanced demand forecasting, careful labor planning and sophisticated asset utilization, you’ll have everything you need to make accurate and confident decisions.
We offer a unified and holistic system that delivers excellence in reporting, planning and analytics. What are you waiting for?
Common challenges
Demand and supply optimization
Energy companies rely on insightful demand and supply forecasting to maintain profitability over the long term.
Complexities in demand forecasting
Because of their tight margins and the significant fixed costs involved in running their businesses, energy companies must match their supply to demand as precisely as possible. Without a robust demand forecasting capability, this is impossible and can lead to suboptimal asset utilization.
Supply mismatches
When your supply is not in line with what customers are looking for, you end up not being able to service available demand or with an overloaded balance sheet that pushes prices down. Either situation can harm the long-term prospects of your business.
Nuanced forecasting
IBM Planning Analytics / TM1 offers highly precise and nuanced forecasting capabilities that can harness the complexity of the energy sector and give you unique insights that lead to better decisions. Cubewise is ready to help you leverage this power, deliver a robust balance between demand and supply, and align your processes with your long-term strategic vision.
Labor balancing
Managing your labor force and aligning it to various parallel projects in an efficient way is crucial for success.
Workload management
When you have multiple energy projects running simultaneously, you need to effectively delegate responsibilities in a way that leverages your workforce without overburdening them. The margin for error here is small and demands careful planning.
Labor shortage risks
Without the right planning, you risk facing labor shortages on key projects that can harm your long-term prospects and impede progress. The bottlenecks created can have a knock-on effect on all components in your value chain, not to mention taking a toll on your workers who must then shoulder more than their fair share of the workload.
Optimization of labor planning
Cubewise, along with IBM Planning Analytics / TM1, can help you set up a dynamic and robust labor planning system that takes all of your labor variables into account, giving you a uniquely configured plan to work with. This can help to optimize your labor choices and deliver the sort of work your customers expect from you. In time, this delivers the best return on your investment, while still maintaining a healthy working culture.
Regulatory reporting
The energy sector brings with it unique regulatory reporting requirements that can make or break your business.
Accurate and timely data
To discharge your regulatory obligations, you need your data to be highly accurate and up-to-date at all times. If this isn’t the case, the reporting process can be stressful, time-consuming and more complex than it needs to be. In addition, you never really know how you’re performing until those key reporting dates come around.
Regulatory uncertainty
Without regulatory data being readily available, you’re never sure of where you stand and what will be required come reporting deadlines. There’s a lot to be said for knowing your business is fully compliant – with the right technology in place, you can free up mental bandwidth for other tasks that demand your attention.
Near real-time regulatory reporting
Cubewise and IBM Planning Analytics / TM1 offers a sophisticated reporting system that can track all the metrics and drivers that feed your regulatory reports with ease. This gives you ongoing visibility into your data and a good understanding of where you’re at at any point in time.
Spend your time and energy in the right places
Cubewise can deliver a nuanced and thoughtful TM1 implementation that can take your energy company to the next level. By integrating advanced demand forecasting, careful labor planning and sophisticated asset utilization, you’ll have everything you need to make efficient and confident decisions.
It’s a unified and holistic system that delivers excellence in reporting, planning, and analytics. What are you waiting for?
Talk to us today and let’s overcome the challenge together.
When a system is unable to adapt to changing business circumstances, it can be tremendously frustrating for all who work with it. Things must go on, of course, and so users will resort to building tedious workarounds, simplifications and shortcuts that only serve to kick the can down the road.
Don’t accept that your business processes are incapable of adapting to fast-moving market changes. Contact us to find out how easy it can be to implement efficient and practical planning, reporting and forecasting workflows
