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.

Executive Perspectives on Top Risks for 2024 and 2034

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 realising 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 and strategic risk-taking.

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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.

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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.

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