10 capabilities that should not be missing in an effective energy and utilities management system

Submitted by Mariane Gonçalves on Thu, 04/19/2018 - 22:27
Today the big concern of companies in various segments is the balance between streamlining the consumption of energy resources and of other inputs without decreasing productivity and the quality of products and services offered.

The Viridis platform for energy and utilities management provides capabilities to directly support energy efficiency initiatives of industrial organizations, covering functions including monitoring, planning, contracting, costing, simulation, and optimization of energy consumption. The monitoring functions permit the identification of opportunities for process improvement, stratifying energy consumption in terms of different dimensions, in addition to allowing the quantification of gains in terms of costs and greenhouse gas emissions. 

The integration of monitoring data with planning functions strengthens the efforts of the transformation initiatives, since it confers greater sophistication, consistency, and accuracy in the prediction of future consumption and, consequently, in planning of costs and the comparison with the actual values. Finally, the Viridis platform enables integrated management of projects of continuous improvement with a focus on energy efficiency, seeking strategic alignment from the conception, implementation, and evaluation of the investments carried out by the organization. Learn more about our products. 

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.