Energy & Utility BPO is a business process outsourcing service offered to utility companies to help them endure the difficult processes of handling all amenity-related calls, documents and services.

What Services Fall Under The Utility BPO?
Utility BPO offers a lot of utility services such as

• Account management as well as bill reminder and billing collection services
• Gather and analyze data regarding operational metrics
• Customer retention and customer care
• 24/7 answering services

Who Needs these Services?
All utility companies need to avail of this service! If you want your company to be capable of effectively handling all your clients for a reasonable price, then this is what you need.

What are the advantages and disadvantages of utility outsourcing?

Advantages

• Cost-effective method of increasing manpower
• Have access to expert agents who are skilled in handling people of different backgrounds
• No longer need to construct additional spaces in your establishment for supposedly new hired employees
• Stress-free management with fast report and billing turn over

Challenges & Opportunities in the Energy Sector

The economic downturn has impacted the Energy sector significantly. Capacity shortage across the value chain has raised the price of crude, gas and refined products. Companies face pressure from regulators, demanding customer expectations, rising SG&A expenses and a wave of mergers and acquisitions.

Energy companies are under pressure to improve shareholder value and address challenges of energy security and sustainability. Given the changes in the geopolitical, environmental and economic scenario, there is increased pressure on the industry to improve shareholder value, and address challenges related to energy security and sustainability. It has resulted in a movement to remote areas for exploration, and outsourcing of non-core activities and operational excellence initiatives. Energy companies can outsource more processes/ functions and reduce the number of contractors.

Challenges & Opportunities in Utilities

Utilities is one of the most asset-intensive industries. The most critical business issues faced by the are improving customer retention, cross-selling in existing markets and capitalizing on opportunities in emerging markets. Aging workforce is also a concern since the existing knowledge within the workforce is the key to organizational sustainability. Utilities need to continuously improve operating efficiencies to deliver better and faster results at a lower cost.

Utilities can outsource non-core activities such as IT, Finance & Accounting, customer service and supply chain management to ensure reliable service with a variable cost structure. Business process management can help companies improve collections and increase process automation.

Business Process Problems Energy and Utilities Must Solve

• Complex structure, multiple business units, extremely decentralized
• Lack of availability of skilled manpower
• High general and administrative expenses (G&A) costs

Outsourcing Services for Energy & Utilities

SEEK On Solutions caters to specific requirements of Energy and Utilities industries, providing services such as master data management (material, vendor, customer and employee), flex-staffing, supplier performance management & analytics, engineering documentation, advanced metering infrastructure (AMI) support – data validation, new product/ feature support, and meter data analytics.

In the current economic environment, our supplier performance management service helps Energy and Utility companies to rationalize vendors and address inefficiencies in the system to unlock value.

Our Global Well File Digitization Services help energy companies (including Oil Field Services players) to ensure correct, de-duplicated data (well data, land data and pipeline data) which can be retrieved quickly.

SEEK On Solutions undertakes short-term gestation projects including but not limited to Industry Research, Credit Research and Spend Analytics.

Our functional practice has industry experts in multiple areas to drive the road map for business process management in several areas:

• Sourcing and Procurement (indirect and direct)
• Human Resources (Flex-staffing, recruitment, performance appraisal, training and learning services)
• Knowledge Services (rate case preparation and filing, meter data analytics, Financial Planning & Analysis)
• Customer Services (B2B and B2C via chat, e-mail or telephone)
• Finance & Accounting

Benefits of Business Process Services for Energy & Utilities

• Better visibility
• Easy access to information
• ‘Faster decision-making process

Faster decision-making process

• Services across all business functions enabling end-to- end servicing
• Ability to customize services to suit business requirements