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Energy

Simplify eProcurement, Spare Parts Management and Compliance

Energy enterprises are under attack as a result of Cap & Trade taxes, deferments rules, and compliance regulations. Everyday, these rules and regulations increase in complexity. Large fines and penalties are imposed on enterprises for the smallest compliance violations. The best protection against large margin killing penalties is accurate and complete compliance data that is easily accessible. A strategic Master Data Plan can ensure an organization can meet its goal of timely, accurate data. The Riversand Solution provides purchasing and material management groups with the ability to manage the aggregation, cleansing and use of product data from multiple suppliers or internal divisions.

As a technology visionary in the oil & gas industry, Riversand has created and deployed numerous comprehensive compliance solutions for energy enterprises. Riversand provides a single web-based platform to aggregate, manage and synchronize all RIG/Platform related master data such as Equipment, BOM’s, Maintenance Strategies, Digital Assets, Bulk Materials, Spare Parts & Materials Related Data etc.

Synchronization of master data eliminates Surplus / Shortage of Bulk materials and critical spares procurement. It also lowers procurement costs and helps develop consistent project cost estimates. Centralized Control (geographical location) and decentralized Implementation (project wise) can be achieved.

Organizations using Riversand solution can integrate well with other enterprise systems such as SAP, Intergraph SmartPlant and InTools, Preventive Maintenance Strategy Software, CMMS Systems, Data Warehouses, etc. The solution complements and enhances the ROI for existing ERP, eProcurement and Maintenance Management Systems.

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