Oil and gas companies are accustomed to the challenges of operating in highly competitive and regulated energy markets. Now there are new risk management challenges facing the industry. The United States Sarbanes-Oxley Act of 2002 requires a public company to report every event that could impact share price. In reality, this means that almost every key decision could be a potential issue. Health, safety, and environmental (HSE) regulations are equally fraught with uncertainty and risk. Failure to comply with these laws can result in expensive fines, lawsuits, and other financial disasters. The cost of compliance is great, but the price of noncompliance is far greater. In today's world, the ability to measure uncertainty and manage risk is crucial, not just to "win the game" but stay in business. Microsoft Helps Turn a Cost of Doing Business into a New OpportunityThe "flip side" of the compliance coin is that the performance improvements can be turned into opportunities. Successful compliance requires solid workflow processes as well as effective data and information management. Microsoft and its partners have developed solutions that can help oil and gas companies turn challenges into competitive advantages. Microsoft-based risk management solutions offer energy companies greater visibility, understanding, and control over risks for hazardous operations, whether in exploration and production, pipeline, or refining. Additionally, these solutions streamline communication and collaboration with outside parties including subcontractors, partners, government agencies, and the public. Talk to a Microsoft Partner About an Innovative SolutionEnviance
(866) 368-4262
Enviance works with Microsoft to offer an Internet-based compliance management solution based on Microsoft .NET technologies. The solution is a system to store and process environmental compliance data. It also serves as a communications device to track and improve environmental performance. Enviance is a Web-based hosted application accessible through Web browsers. The solution doesn't require users to install software and has no hardware, server maintenance, and upgrade cost. As a result, companies can spend less time on operating systems and more time on collecting information and improving environmental performance. Pcubed
(734) 741-7770
Pcubed offers an enterprise project management solution that uses Microsoft Office as a centralized scheduling tool. The solution tracks environmental compliance requirements and deadlines. The system requires minimal training because it is based on Microsoft Office Outlook, an application familiar to most busy field managers. The solution provides managers with comprehensive project-tracking capabilities that give them the power to initiate, approve, and change projects as necessary. Managers can focus their attention on resource management and accurately forecast which team members can be assigned to upcoming projects to increase productivity. For More InformationTo discuss the best option for your organization, contact the Microsoft sales office nearest to you:
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