Energy & Utilities
Financial Services
Government
Insurance
Manufacturing
Pharmaceutical
What Our Customers Have To Say
Gary D. Benz"As our business continues to grow and reporting requirements increase, it is important to have a system that provides a real-time holistic view into pending matters as well as the ability to control legal spend. TeamConnect Legal can provide us with that along with the flexibility to evolve as our business drivers and competitive pressures likewise evolve."
Associate General Counsel
Delivering resources faster, cheaper, and cleaner than ever before
The energy and utilities industry is undergoing rapid transformation as service deregulation raises the level of competition at the same time environmental regulation is escalating. Today’s providers strive to deliver resources faster, cleaner, and more efficiently than ever before.
The energy sector’s massive restructuring, mergers and acquisitions, major increases in legal disputes, as well as complex and evolving regulatory requirements require constant business agility and the supporting technologies to be able to adapt. Infrastructure and security vulnerabilities also challenge energy and utilities companies to mitigate the risk of sabotage, terror attacks and war, in order to safeguard service delivery, profits and investor confidence.
The extensive due diligence and employee profiling required to protect companies against potential terrorist acts is at an unprecedented level. Additionally, consumers expect environmental protection and stewardship to be an integral part of corporate governance programs. Probably no industry today faces a more daunting intersection of challenges than energy, even in an era of high profits.
All of these pressures put a premium on the scope and quality of inter-discipline collaboration within energy suppliers and utilities, beyond the traditional cooperation between legal and finance. And the liabilities of mistakes, mishaps, errors-in-judgment and unforeseen developments are unusually large, along with the incentives to avoid them.
Mitratech TeamConnect smoothly unifies workflow, information gathering, knowledge sharing, procedures training, process enforcement, compliance tracking and ready query of accumulated data. By supporting real-time understanding of a changing regulatory environment and the withering complexity of your response to regulations, TeamConnect improves the efficiency, cost management and profitability of essential operations throughout energy and utilities organizations.
How TeamConnect helps
On a single platform, Mitratech’s TeamConnect solutions allow energy and utilities companies to manage legal and GRC risks by providing reliable, actionable information. Using TeamConnect, Mitratech clients proactively comply with industry regulations, environmental provisions, and government mandates. They strategically manage M&A’s, consumer class action, and other legal matters. Energy and utilities organizations also gain visibility into security breaches, manage operational risks, and protect investor confidence.
TeamConnect allows internal departments to collaborate on a comprehensive risk management strategy with full visibility into:
Legal: Mergers & Acquisitions; Contracts; Regulatory; Environmental; Advice & Counsel
GRC: CFR Titles 10, 18, 40; Federal Energy Regulation Commission (FERC); Public Utilities Commission (PUC); Public Utility Regulatory Policies Act (PURPA); Atomic Energy Act; Solar Energy Act; Environmental Protection Agency (EPA) Regulations; Environmental Health & Safety (EH&S); State Statutes & Regulations; Sarbanes-Oxley (SOX)