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Energy and utility companies operate in a unique climate of risk, uncertainty and volatility – where the challenges are intensifying daily.
Upstream operators – those involved in the exploration and production of raw energy resources – are under pressure to make better use of their aging assets and diminishing reserves, while reducing exploration and development costs.
Downstream operators – those focused on refining, storing and delivering energy – must grapple with transportation and security logistics, huge investments in refinery and distribution facilities, and uncertainty as to where and when market demand will appear.
Utility companies are struggling to accurately predict retail demand, control supply costs, protect delivery systems, minimize regulatory disallowances and sustain good credit ratings – in an environment sharpened by deregulation.
Across all sectors of the energy and utility industries, companies must make reliable decisions amid hundreds or even thousands of variables – while improving profitability, controlling costs and enhancing operational efficiency.
SAS solutions for the energy and utility industries combine award-winning software and best-practice services to transform masses of data about your operations, suppliers, risks, assets and profitability into strategic business intelligence – the fuel for competitive advantage.
Key Benefits
Understand patterns of energy supply and demand. SAS Forecast Server leverages past experience to more accurately predict future requirements. You'll clearly see the effects of seasonality, population growth, holidays, capacity and more. You'll know how accurate past predictions have been and be able to apply that knowledge to continuously improve future results.
With SAS analytics, utilities can generate highly accurate projections of energy demand and revenue. For large energy organizations, the incremental additional precision in forecasts can deliver significant bottom-line returns.
Measure and manage risk. SAS Risk Solutions for Energy provide a full range of advanced modeling techniques to accurately measure and monitor risk factors associated with trading energy. SAS' fully configurable risk solutions enable the accurate modeling and assessment of both market and credit risk in an open framework that makes the most of your firm's proprietary risk methodologies rather than a closed form "black-box."
Together with RiskAdvisory, a division of SAS, SAS Risk Solutions for Energy represent a complete front-, middle- and back-office risk management and trading platform. SAS technology provides oil and gas companies, energy hedge funds, financial institutions, energy marketers and utilities with industry-leading deal capture, position and risk reporting, and the most sophisticated suite of risk analytics available on the market.
Make informed decisions about allocating scarce resources. SAS Enterprise Miner helps you proactively manage assets for best results. For example, you can assess the expected ROI on proposed infrastructure projects and objectively compare projects under consideration. You'll be able to optimize preventive maintenance to ensure continuous operations. With sophisticated analytics, you have the information to improve the way resources are allocated and the returns they generate.
Reduce supplier spend while simultaneously improving supplier relations and collaboration. With SAS Supplier Relationship Management, procurement departments can gain a better understanding of their purchases, suppliers and performance in order to make better strategic sourcing decisions. Using this comprehensive solution, companies can reduce enterprise spend, consolidate and prioritize suppliers, reduce supplier risk and align procurement strategies with corporate goals.
Understand the true costs of processes and projects. Unlike traditional accounting systems that broadly assign costs to budget categories, SAS Activity-Based Management matches costs to specific business processes. As a result, you can clearly identify which factors are driving up costs, which processes are inefficient, where outsourcing would be beneficial, how to price products or services, and other issues that affect bottom-line profitability.
For nearly three decades, energy and utility organizations have counted on SAS software to handle complex forecasting and management needs with large data volumes. SAS solutions for the energy and utility industries give you the ability to assemble data from many platforms and systems to create a picture of what has happened and transform it with analytic and predictive capabilities to project what's going to happen – the foresight that can give you a competitive advantage.
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Industries
Aerospace
