CEO, Viridis

Viridis founding partner with 20 years of experience in leading high-technology companies focused on international markets. Career includes innovation and technology projects in the United States, Europe, and Latin America. He holds a PhD and an MSc in Electrical Engineering from UFMG, a BSc in Computer Science, and an MBA in Finance. He has conducted research projects and academic collaboration in applications of artificial intelligence to industrial problems. He currently serves as chairman at Fumsoft – Minas Gerais Software Society, of which he is a former president.

 

Publications by Thiago Turchetti Maia

 

Energy and Utilities Cost Accounting - Part 2

Submitted by Thiago Turchetti Maia on Thu, 03/23/2017 - 16:43
Good rules are the foundation for good cost accounting. Costing rules determine how the continuous consumption of energy and utilities, ideally measured by a network of meters, will translate into accounting transactions in cost centers. As with most things in management, good rules contribute to accountability, accuracy, and transparency, whereas bad rules do just the opposite. Good rules will try to employ direct costing as much as possible, creating a direct association between the consumption measured by meters in specific parts of the operation to the values registered in their corresponding cost centers.

The Viridis platform manages the whole cost accounting discipline, from meters to uploaded transactions in ERP systems. It supports direct and indirect costing rules from multiple sources, and provides managers with cost tracking resources to further enhance transparency and accountability.


Energy and Utilities Cost Accounting - Part 1

Submitted by Thiago Turchetti Maia on Wed, 03/15/2017 - 16:13
Most cost-sensitive operations dedicate leadership time and effort to properly manage their costs. When done right, managers feel the pressure to cut costs right down to their own individual bottom line, and strive to improve the economic performance of the operations they are responsible for. When done wrong, that is, when costs are not properly assigned nor results diligently commanded, costs become a lesser priority to the organization with the inevitable ensuing consequences.

The Viridis platform handles all data management necessary for proper cost accounting, automating the whole workflow from meters and costing rules to indicators and accounting transactions. The Viridis costing module integrates directly with ERP systems, improving process accuracy, timeliness, transparency, and agility.


Creating value through management: a case for energy management systems

Submitted by Thiago Turchetti Maia on Fri, 02/10/2017 - 14:14
Energy management systems have been largely associated with support functions for those directly involved in driving energy efficiency. Yet we may argue that there is a large pool of untapped value in different functions other than operational efficiency. How may energy management systems go beyond the hype and support, or even drive, new functions that create value in addition to reducing consumption?

Viridis provides an integrated energy management system that leverages several management practices in addition to energy efficiency functions. Dedicated modules include costing, forecasting, simulation, budgeting, contract management, among others. Learn more about Viridis’s products by following this link.


Don't fall into the trap: the fallacies of efficiency metrics

Submitted by Thiago Turchetti Maia on Fri, 01/27/2017 - 15:49
During economic turbulence and crises, it is natural that companies from different sectors feel the pressure to cut costs and streamline operations to deal with less demand. Energy and utilities costs are no exception. Managers responsible for operational efficiency, or directly responsible for production execution, are given the mission, along with numeric targets, to reduce the consumption of energy, utilities, and other input flows. However, the way to measure efficiency and evaluate the effectiveness of improvement initiatives is not clear, leading management to misleading, and often plain wrong, conclusions.

The Viridis platform includes advanced features to manage specific consumption and generation metrics, computed not through averages, but from real time monitoring and correlation between consumption, process variables, and external events. The platform isolates each one of these factors and identifies their impact on consumption and generation indicators, resulting in unbiased efficiency metrics. In addition, these same consumption and generation models are used to assess the behavior of processes during operation, and are also used as the basis for simulations and future projections.


Welcome to the Viridis Blog

Submitted by Thiago Turchetti Maia on Tue, 01/10/2017 - 17:21
This article kicks off the Viridis Blog initiative by Viridis with the objective of creating an unbiased space in which to publish and discuss topics related to energy & utilities management. The content of the blog is targeted at managers in corporations where energy & utilities consumption deserves special attention, whether this is due to the number of consumption units in the operation, the complexity of the energy matrix, energy generation or self-production, or, naturally, to high consumption volumes.

How to recover energy & utilities tax credits

Submitted by Thiago Turchetti Maia on Tue, 12/06/2016 - 13:35
Structuring energy and utilities invoice management improves visibility over expenses and enables other processes like invoice auditing and tax credit recovery.

The Viridis platform manages energy and utilities invoices, ascertains current tax credits, and crosses past data based on the company’s historical tax fillings to identify outdated credits. The solution integrates directly with different ERPs and can be complemented with invoice input services, which are very useful for companies that deal with large monthly values.


How energy and utilities invoice management can help increase control over costs

Submitted by Thiago Turchetti Maia on Tue, 11/08/2016 - 17:25
Energy and utilities consumption invoice auditing is a challenge for companies of different areas and sizes. When it comes to companies with distributed operations in multiple sites, which deal with hundreds or thousands of invoices every month, managing these invoices becomes an even more time-consuming task. Imagine receiving and processing a large amount of water, electric energy, sanitation, gas, and other consumption invoices each month. Making this routine operational is not simple and demands working with a dedicated team.  

Viridis offers input services for all fields in energy and utilities invoices using different processing methods. The system integrates automatically with ERP suites in order to automate accounting flows, payments, and tax credits. It is also possible to use invoice values directly in other Viridis modules, automatically feeding indicators and multiple energy and utilities management models.