The resources industry is characterized by low growth and commoditization which have led to intense M&A and alliance activity. Companies are seeking to leverage synergies in markets, product applications, platforms, process technologies, or business models leading to greater consolidation activities.
To remain competitive, companies require high capital investment and continuous improvement in process technology to achieve low production costs, placing an emphasis on ROCE. Consequently, outsourcing is a viable option.
In the downstream, unexpectedly robust demand (driven by India, China and the United States), a lack of refining conversion capacity and a shortage of spare light crude capacity are delivering a golden age in this historically low-returns business.
Given the change in the geopolitical, environmental and economic scenario, the industry is driven by increased pressure to improve shareholder value, and address challenges related to energy security and sustainability. The result is a movement to remote areas for exploration, and the increasing involvement of outsourced service providers to take care of non-core activities and operational excellence initiatives.
Utilities are one of the most asset-intensive industries in the world. Optimizing operational business processes is vital to most utility providers.
Utility companies face challenges of intensifying pressure from regulators, demanding customer expectations, rising SG&A expenses and a wave of mergers and acquisitions.
Amid these pressures, utilities must continuously improve operating efficiencies to deliver better, faster results at a lower cost. As a result, utilities are handing over non-core activities like IT, finance and accounting, customer service, and supply chain to third parties that can guarantee reliable service with a variable cost structure.
Infosys BPO allows utilities to achieve their objectives through:
We provide outsourcing services which cater to the specific requirements of Resources, Energy and Utilities industries such as Master Data Management (Material, Vendor, Customer and Employee), Flex-Staffing, Supplier Enablement, Engineering Documentation.
In addition, we also provide short-term gestation projects including but not limited to Industry Research, Credit Research and Spend Analytics.
We also have an extensive functional practice comprising industry experts in F&A, Knowledge Services, Order Management, Procurement and HR Operations to provide customized solutions which deliver sustainable value to clients.
Sourcing at your fingertips: