Government Body Gains Holistic risk visibility of hundreds of millions of dollars

Solution Approach

  1. Design and build a Datawarehouse in the Cloud driven by Infonyx’s Agile approach and Service Delivery Framework

  2. Build Automated Report that provides timely financial reports of projects

  3. Enable Self-Service reporting capabilities to through Tableau to the MEP team

  4. Support to the delivered solution through Smart Engagement

Results & Benefits

  • The solution benefits Major Energy Projects through automated reporting of financial data, particularly providing visibility of the General Ledger and Budgets for renewable energy projects.

  • The generated financial reports would also help the business in audits and management of project finances.

    • Major Energy Projects (MEP) are the coordinating entity for transactions relating to the state’s renewable energy projects – wind farms and solar farms

    • MEP’s role involves settlements, financial forecasts, energy market analysis and reporting of energy and financial data related to the division’s projects

    • Major Energy Projects needed visibility in risk management for its financial and accounting exposure, currently in the order of hundreds of millions of dollars

    • The Energy team was facing significant risk with no tactical or strategic system in place as payments are already being made to one project

    • To address and mitigate the above risks, an automated and timely reporting of financial metrics across MEP projects was needed

Technologies