Risk Management

Data analytics enable providers to confront and mitigate the wide array of risks facing their operations. From an enterprise risk management (ERM) basis, the Lavastorm Analytic Platform gives stakeholders unprecedented transparency, forensics, traceability and root cause analytic capabilities that are the foundation of any risk management strategy. Key areas of risk management, beyond the prior solutions, include:

1. Compliance audits critical in regulated environments, including both regulations and laws that govern operations
2. Rate case analysis and development as utility companies manage volatile supply and demand patterns and need to ensure continuous margin performance as they migrate to SmartGrid
3. Auditing and validations of systems, processes and data quality, to confirm that they are operating as intended and as documented in an organization’s compliance records.

The combination or increasing complexity and the financial climate, providers have more narrow margins of risk they can tolerate. Lavastorm’s risk management solution enables providers to both de-risk current order-to-cash operations and enables more aggressive action to win a tough market without absorbing offsetting risks or losses.