Organizations face strategic issues of energy alternatives and distribution as well as hedge financial risk, meeting Standard & Poor’s expectations, reducing accidents and injuries, losses to plant and equipment, spillages and other losses of product and materials while managing regulatory compliance. Regulatory requirements include: Sarbanes Oxley Act (SOX), FERC (Federal Energy Regulation Commission) and NERC regulations(North American Electric Reliability Commission) as well as state and regional public service commissions.
LogicERM provides a customizable framework for exploration, production, transport and utility companies manage their enterprise risk management process to facilitate inspections, risk analysis, business operations, audits and resolution of findings. LogicERM brings together risk management, compliance, business continuity, continuous performance improvement as well as related communication, analysis and reporting under a common platform.
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