
As readily accessible sources of fuel decline, energy companies look to invest in nontraditional areas. The impact of current and future climate change regulations and deep shore drilling limitations, combined with shifts in geographic demands, increases the need for strategic and operational excellence. As a result, capital expenditure needs and technology investments are on the upswing.
To meet these challenges industry participants are focused more than ever on operational flexibility, innovative solutions, personal safety, environmental protection and risk management. Critical initiatives aspire to improve cost management, optimize the supply chain, utilize IT for process automation and integration, and open entry into new markets. Sirius Solutions’ has worked with energy firms across the globe in areas including mergers and acquisitions, energy trading, payroll system controls documentation and testing, SAP implementations and human capital.
As an example of Sirius’ partnership success in the energy sector, one of our clients lacked the SEC experience to execute an IPO on their own. With Sirius consultants, this company was able to successful complete SEC registration with a very low number of comments. Sirius’ responsibilities involved project management across the client, underwriters, attorneys and other external service providers. We also led the overall management of Sarbanes-Oxley compliance, including the evaluation of key controls effectiveness.