Client: International private equity firm focused on power, gas and LNG physical trading
A new energy company was formed to help supply fuel into Mexcio’s recently deregulated energy industry. When Veritas was engaged the company only had the basic collaboration tools of email, phone and the internet. We were tasked with standing up an entire ecosystem of fit-for-purposes applications and processes focused on doing business in Mexico’s deregulated energy markets.
Mexico had been a regulated market up until now so there was not a precedent for some of the operations that needed implementation. On the other hand, Mexico has extremely specific requirements in specific areas – such as accounting – so certain existing practices had to be taken into consideration when creating the plan. Making the problem even more challenging, as a start-up, there were no existing business infrastructure, processes or team to rely upon. The business goals needed to better defined so a clear plan of action could be developed.
Veritas worked with the client to understand the client’s goals and complex market challenges in order to put together a roadmap of all the applications and processes needed to meet their goals. The ecosystem of applications and processes include an integrated front-to-back CTRM system capable of managing 6 different commodities including, gas, power and refined products, a build out of a multi-tiered environment and cloud-based infrastructure for business operations, the creation of custom automated accounting solutions to deal with Mexican accounting requirements and on-site and on-demand training to support all systems and processes. Additionally, the systems are fully-automated, have full-redundancy and are securely accessible from anywhere with an internet connection.
The client’s goals and expectations were met and exceeded. The solutions are working properly and will scale enabling them to grow while maintaining a tight control on operation and cost.
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At Veritas Total Solutions is a management consulting firm that is focused on the energy industry. Our recent projects have helped clients achieve reduced operating costs, higher levels of business performance and standardization around best practices. We have achieved this through a combination of strategy, technology, and business process optimization; including CTRM Systems. We value our clients and are proud to make an impact on their business. If you want to chat with us or if you are interested in learning more about our specific capabilities, contact us or subscribe to our podcast and blog to stay connected.