Spend Optimization Suite: Turning Strategy into Reality
Optimally Manage Assets, Risk, Investments and Budget
Utilities are confronted by the complex process of managing risk and planning mitigating investments subject to financial, resource, and regulatory constraints. They need solutions to assist with this process.
Spend Optimization Suite (SOS) delivers the help they need. It supports the Strategic Asset Management Planning process to deliver an optimized portfolio of capital and O&M spending plans. It enables asset managers, planners, and other stakeholders to work together to analyze and fine tune investments while managing risk and budget.
Watch a short (<2 minute) video to see an SOS overview:
Use Strategy to Drive Decisions
Link strategy to risk management and investment planning decisions
Set priorities and adjust for sensitivity analyses and business changes
Build a Prioritized Risk Register & Long Term Asset Plans
Create multi-year investment plans optimized across complex constraints – cost, resource, reliability, region, and more
Compare scenario results side by side, drastically reducing analysis and discussion time
Balance spend across regions / districts to focus on poor performers
Reduce the common bias toward small projects
Assess investments across fundamental viewpoints – value (benefit / risk mitigation) and risk of deferral
Better understand and reduce "must do" projects
What-if Scenarios to Ensure Optimized Investment Plans
Create multi-year investment plans optimized across complex constraints – cost, resource, reliability, region, and more
Compare scenario results side by side, drastically reducing analysis and discussion time
Balance spend across regions / districts to focus on poor performers
Reduce the common bias toward small projects
Assess investments across fundamental viewpoints – value (benefit / risk mitigation) and risk of deferral
Better understand and reduce "must do" projects
Transparent Communications to Improve Effectiveness
Use automated outputs to communicate project selection decisions, portfolio benefits and risk exposure to planners, executives and other stakeholders
Demonstrate the rigorous, transparent process to regulators
Enable Best Practices
Align your process with ISO55000 standards – UMS Group is both an IAM endorsed assessor and corporate member.
View risk holistically, in terms of business threats as well as asset health issues.
Link Problems and Opportunities to Needs to Investments to show a full circle view of overall company risk being mitigated by optimized investment portfolios.
Work with Experience to Ensure Success
Benefit from UMS Group's 40+ SOS implementations at utilities worldwide. This is more than twice the number of clients of its major competitors combined.
Leverage UMS Group for both its world class SOS software solution and expert management consulting team.
Draw on UMS Group's rich industry knowledge and change management experience to support you through every step.
