Utilities & Energy Companies
At a fraction of the cost of equivalent software solutions, Enlighta’s platform uniquely addresses the requirements of Utilities & Energy Companies.
Energy companies, state and private utilities are under pressure to lower costs of business-as-usual to account for the inherent geopolitical risks, natural and unnatural disasters, increased competition from alternative energy sources, increased litigation and other factor. At the same time, there is increased reliance on strategic suppliers to drive innovation and ongoing improvement in services provided to end-customers and internally consumed.
While existing IT systems or GRC tools are inadequate to provide the detailed third-party contract compliance & performance management that is expected to satisfy regulatory oversight and the insight that is needed by management, there is limited budget available for new solutions.
VMO groups have a lot going on and are typically small groups with limited bandwidth; a key challenge is to empower these groups with a robust platform without needing a lot of their time.
Enlighta’s platform uniquely addresses the requirements of Utilities & Energy Companies.
Unlike point solutions, Enlighta addresses all facets of effective supplier governance including performance management, contract compliance, risk management, compliance attestation, and more. Enlighta integrates with leading GRC and Contract Management tools.
Effective vendor governance includes active participation by Executives, Vendor Managers, Risk Office, Contract Managers, Compliance Groups, etc. The ability to support the different needs of these stakeholder groups to drive adoption is critical.
Out of box collaborative processes help prevent operational issues from impacting relationships.