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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.