As a leader in a rapidly-changing industry, you work hard to ensure your company has the financial technology it needs to thrive amid evolving market and regulatory conditions.
TOP 3 CHALLENGES FOR TODAY’S ENERGY & UTILITIES EXECUTIVE
Whether it’s electricity, gas, oil, water or renewables, you deliver essential services to your customers. As new trends emerge, market expectations change and industry regulations evolve, your technology infrastructure must continue to support efficient, timely and secure customer experiences and commodity trades.
YOU PLAY A CRITICAL ROLE
You don’t get high-fives when everything works, but you definitely hear about it when systems break down.
Energy transition M&A has grown about 20% year over year in the last five years.
Navigating disruption in the energy and utilities sector requires modernizing your business’ technology infrastructure, tapping into industry expertise and effectively managing regulatory requirements and energy trading risk.
GET AHEAD OF CHANGE
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For enterprise technology finance leaders, the top 3 investment priorities are:
Modernized systems
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Energy and utilities companies face increasing pressure to consolidate their subsidiaries – and digitalization is key to this effort. Technology modernization strategies that include centralizing CIS systems and billing platforms support consolidation initiatives.
Prioritize digitization
Enhance performance
Minimize expenses
Diversify
workforce
Outsource
expertise
Workplace shortages have highlighted the need for highly skilled employees in the energy and utilities sector. Faced with diminishing expertise and pressure to attract new talent, providers are considering business process outsourcing and cloud service models.
Meet regulatory pressures
As awareness of renewables grows, energy and utility companies face increased pressure to modify their day-to-day operations while navigating market volatility through ETRM tools. Companies that successfully navigate the complex regulatory climate can take advantage of new opportunities to drive efficiency and minimize risk.
With FIS®, you have a trusted partner equipped with the knowledge and technology resources to weather the winds of change in the energy and utilities industry. FIS is rated highly among your peers and has on the
There's a way forward.
AN EXPERIENCED ALLY CAN ENERGIZE YOUR BUSINESS
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Overcome bottlenecks
in personnel
Capitalize on regulations
Manage risk
Data and analytics
Cloud solutions
YOU’RE FOCUSED ON
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Source:
FIS 2022 Global Payments Report
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Releasing capital for innovation
How can you improve efficiency in your function to reduce cost and have more cash for innovation?
There’s so much data, how do you make actionable insights from it?
Making smart decisions
How do you stay ahead of payment innovation, with growing markets and customer expectations changing?
Having flexible payment options
Modernizing your technology infrastructure
AS THE ENERGY & UTILITIES INDUSTRY CONTINUES TO EVOLVE, WHAT’S KEEPING YOU UP AT NIGHT?
A.
Attracting new talent
B.
Automating processes
C.
Protecting against security threats
D.
All the above
E.
Ability to support new financial products
F.
Cost pressure/Need to reduce OpEx
G.
You're not alone
Your peers are also concerned about how to tackle this issue – and they are preparing for the future with technology investments.
Globally, power sector investment in digital technologies rose by
around 13% in 2021, to USD 55 billion
Source: 2021 FIS Readiness Report, June 2021
Modernizing Your Technology
A digital-first strategy allows you to streamline operations and ease the billing process, reducing volatility and meter-to-cash cycles.
Outsourcing technology and other non-core competencies drives efficiencies and frees you to focus on running your business.
Mitigating Workforce Limitations
Staying competitive requires implementing an energy trading risk management (ETRM) tool that allows you to assess risk and make mission-critical decisions.
Weathering Industry Volatility
Select your answer below...
25% of U.S. employees in the energy and utilities industry are approaching retirement within five years
Source
Widespread use of digital technologies could decrease production costs between
10% and 20%
Source
75% of network leaders say regulation is not moving fast enough in the energy sector
Your peers are also concerned about how to tackle these issue – and they are preparing for the future with technology investments.
You're not alone
Source: Global Banking and Finance Review
Your peers are also concerned about how to tackle this issue – and they are preparing for the future with technology investments.
You're not alone
Source: Forbes (2021) A Challenge For Video Streamers Will Be Keeping Subscribers.
Your peers are also concerned about how to tackle this issue – and they are preparing for the future with technology investments.
You're not alone
Source: 2022 Global Payments Report
Your peers are also concerned about how to tackle this issue – and they are preparing for the future with technology investments.
You're not alone
Source:
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Consumers are using a variety of alternative payment methods. Digital wallets lead the way and are projected to rise to 52.5% of transaction value in 2025.
Your peers are also concerned about how to tackle these issue – and they are preparing for the future with technology investments.
You're not alone
Source: Global Banking and Finance Review
Your peers are also concerned about how to tackle this issue – and they are preparing for the future with technology investments.
While 70% of business leaders say subscription business models will be key to their prospects in the coming years, 22% are unsure how to proceed.
You're not alone
Source: Forbes (2021) A Challenge For Video Streamers Will Be Keeping Subscribers.
Your peers are also concerned about how to tackle this issue – and they are preparing for the future with technology investments.
With 64% of consumers saying they would downgrade or cancel a subscription service to pick up another, providers must provide a customer experience that distinguishes them from competitors.
You're not alone
Source: 2022 Global Payments Report
Your peers are also concerned about how to tackle this issue – and they are preparing for the future with technology investments.
The global e-commerce market is projected to grow more than 50 percent through 2025 to reach over $8 trillion in transaction value.
You're not alone
Consumers are using a variety of alternative payment methods. Digital wallets lead the way and are projected to rise to 52.5% of transaction value in 2025.
Your peers are also concerned about how to tackle these issue – and they are preparing for the future with technology investments.
You're not alone
Cyberattacks on energy infrastructure reached a record high in 2022
Your peers are also concerned about how to tackle this issue – and they are preparing for the future with technology investments.
You're not alone
23% percent of U.S. energy and utility firms have implemented sophisticated large-scale automation programs
Your peers are also concerned about how to tackle this issue – and they are preparing for the future with technology investments.
You're not alone
An estimated $24.6 billion will be spent on software used for
employee recruitment, by 2026
Your peers are also concerned about how to tackle this issue – and they are preparing for the future with technology investments.
You're not alone
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Source
Source
Globally, power sector investment in digital technologies rose by
around 13% in 2021, to USD 55 billion
An estimated $24.6 billion will be spent on software used for
employee recruitment, by 2026
23% percent of U.S. energy and utility firms have implemented sophisticated large-scale automation programs
Cyberattacks on energy infrastructure reached a record high in 2022
Chartis Energy50 list for best core technology and cross market enterprise risk management.
With FIS®, you have a trusted partner equipped with the knowledge and technology resources to weather the winds of change in the energy and utilities industry. FIS is rated highly among your peers and has on the
Chartis Energy50 list for best core technology and cross market enterprise risk management.
ranked #1
ranked #1