Power, Utilities and Renewables How is Protiviti different from other firms: Protiviti partners with power, utilities and renewables leaders to help achieve greater confidence in changing environments. In today’s rapidly evolving environment, a trusted advisor — who not only provides relevant insights but delivers a combination of strategic vision, proven expertise and practical experience — can enhance the value of your business. With our diverse history of working across energy sectors, we provide clients with the necessary experience to solve any challenges. Survey January 3, 2024 2024 Top Risks in the Energy & Utilities Industry Resistance to change has long been a hallmark of the energy and utilities industry. But forward-thinking leaders are realizing that the only status quo that will allow their businesses to evolve operationally, digitally and culturally to meet new demands and expectations, drive innovation, and help share the energy industry of the future is one of continuous changes... Learn more Challenges and Opportunities Power, utilities and renewables are facing a number of critical challenges and trends in the market, from infrastructure demands to calls to improve the customer experience to talent demands and much more. Learn More What we do Challenges and Opportunities Sectors we serve Our services Leadership Connect Sectors we serve Pro Briefcase Power and Utilities Protiviti helps utility, pipeline and transmission companies identify, measure and manage their regulatory, financial, operational and technology-related risks. Our energy professionals possess innovative expertise and a wide range of industry experiences. Pro Building office Renewables In the global transition to reduce carbon, all organisations are being impacted. As the renewable energy market expands, Protiviti helps organisations use every advantage available to strengthen their competitive stance, increase efficiencies and reduce costs. Our Power, Utilities, and Renewables services In today’s rapidly evolving environment, a trusted advisor — who not only provides relevant insights but delivers a combination of strategic vision, proven expertise and practical experience — can enhance the value of your business. Our consulting experts provide solutions tailored to your organisation and industry’s unique needs in the following areas: Optimise operations during challenging circumstances Operational efficiency We help you identify the people, processes and systems to optimise operations during challenging circumstances. This drives increased efficiency and scalability and makes the best use of technology and other resources to optimise the supply chain and working capital. Optimise operations during challenging circumstances Revamp processes to be more efficient and insightful Digital and Advanced analytics Understand the opportunities represented by new technologies and apply them to improve performance: Leverage machine learning and AI to support advanced analytics Identify improvements and adopt digital transformation initiatives, such as robotic process automation Protect your business and your customers IT and OT cybersecurity Develop solutions in IT strategy, applications, cloud, security and privacy, and data and analytics: Adopt opportunistic business models that embrace IT and make effective use of emerging technology Master and maintain control over the ever-evolving cyber threat landscape Protect your business and your customers Understand market trends and opportunities Energy transition As the global energy sector shifts from fossil-based fuels to more renewable-based sources, clients need support. We assist with expertise in information technology, carbon smart technology, policy frameworks and market instruments, among others. Increased performance and efficiency in finance and accounting Workforce transformation (Managed services) Realise increased performance and efficiency in finance and accounting, integration, cash acceleration and more: Offload peak volume and transaction processing backlogs Design and implement shared services model Increased performance and efficiency in finance and accounting Leverage the power of new technologies Technology modernisation Leverage technology and digitalisation to help companies retain a competitive stance, increase efficiencies, and reduce costs: Establish a transformational programme to replace or update aging systems and software Improve productivity by revamping processes that are repetitive, time consuming and inefficient Combine data from mergers and acquisitions to unlock insights from data in different systems Integrate digital platforms to collaborate with ecosystem, reduce costs and provide operational transparency Support the evolution Transaction support Support the evolution of the business to capitalise on strategic opportunities: Achieve objectives while mastering compliance, investigations and risk management Analyse and support merger and acquisition integrations, restructuring and liquidity management Support the evolution Conduct ideation sessions to inspire team creativity. Innovation services Translate ideas into solutions that address challenges and create value: Build an inspiring organisational culture that promotes innovation and creative thinking Conduct ideation sessions to inspire team creativity Grow confidence to meet ever-changing business challenges Next-Gen internal audit Use internal audit to gain insight and grow confidence to meet ever-changing business challenges: Convert internal audit into a resource for business knowledge and analysis Develop solutions that address complex business and industry compliance challenges Grow confidence to meet ever-changing business challenges Featured insights BLOGS Business get ready! Australia takes another step forward with climate-related disclosure requirements The Australian proposed sustainability reporting regulation, also known as The Treasury Laws Amendment (Financial Market Infrastructure and Other measures) Bill 2024 is now before the Australian Parliament for adoption. This follows a comment period... BLOGS AI usage in energy and utilities sector: Challenges and opportunities Companies in the energy and utilities (E&U) industry are moving fast to adopt artificial intelligence (AI), including generative AI, to increase their competitive edge. But while AI can help these firms to drive innovation, boost profitability... WHITEPAPER The 5G Effect As the world advances into a more digitised and connected future, what can be learned from organisations that are successfully deploying 5G technology to enable business processes and efficiency. Where is 5G making the biggest difference in the real... BLOGS Digitising Experiences (Customer & Employee) Creates Value for Energy and Utilities Firms Leaders of energy and utilities (E&U) businesses are becoming increasingly focused on the business impacts of rapidly evolving technology. According to Protiviti’s latestExecutive Perspectives on Top Risks Survey, many of these leaders see... PODCAST Podcast – Today’s Challenges and Trends for Utilities Like organisations in virtually every industry today, utilities are addressing a number of critical challenges and trends in the market, from infrastructure demands, to calls to improve the customer experience, to talent demands, and much more.How... Button Button Intelligent Document Retrieval System, Powered by Responsible AI, Helps Reduce Air Pollution Empower your engineers with responsible AI for efficient air pollution reduction. Our AI solution saves time, money, and reduces manual labor. Read more Protiviti helps global energy conglomerate complete a complex integration of an E&P target Rising energy prices and the resulting profitability typically generate a flurry of merger and acquisition (M&A) activity in the oil and gas sector. Read more Leadership Adam Christou Adam is a managing director and Protiviti’s Australian energy, utilities, and mining lead as well as a member of the organisation’s global internal audit leadership. He is also a key member of the global energy and resources leadership team. He currently serves as ... Learn More Garran Duncan With over 30 years of internal and risk management experience, Garran's focus is driving the practice forward and building a firm that incorporates diversity, equity, and inclusion in everything we do. As a founding director of Protiviti Australia at its ... Learn More Pro Document Stack Connect with Us Perspectives From Our Experts on Market Trends, Business Developments and Risks Connect Pro Location Globe Quarterly Energy Newsletter Subscribe to receive Protiviti’s quarterly energy industry newsletter by email. Subscribe
