Energy and Utility Provider Requirements
The utilities industry (power, water, waste, oil and gas) has become increasingly competitive in the wake of deregulation and the rise of renewables (solar, wind, storage). Production is becoming distributed with users generating energy and feeding it into the grid.
Utility providers now offer complex product and services bundles including blends of traditional and renewable energy, smart home appliances, security, IoT, solar panels, e-mobility, banking, insurance, telecom and more.
Utilities are using new pricing models, such as real-time pricing, prepaid, promotions, multi-party agreements and settlements, and tiered tariffs. They are launching apps for energy usage analysis, smart meters, service and bill notifications, or optional rate plans based on time and demand response.
Most utilities are in the early stage of virtualizing their front and back office systems. CPQ is often an adjunct to legacy sys ems, such as CIS, ERP, billing, work and as set management, field force and work force management, capital project management, meter and data management, and ETRM.
Complex Bundles
The utilities industry (power, water, waste, oil and gas) has become increasingly competitive in the wake of deregulation and the rise of renewables (solar, wind, storage). Production is becoming distributed with users generating energy and feeding it into the grid. Utility providers now offer complex product and services bundles including blends of traditional and renewable energy, smart home appliances, security, IoT, solar panels, e-mobility, banking, insurance, telecom and more.
Pricing Challenges
Utilities are using new pricing models, such as real-time pricing, prepaid, promotions, multi-party agreements and settlements, and tiered tariffs. They are launching apps for energy usage analysis, smart meters, service and bill notifications, or optional rate plans based on time and demand response.
Virtualization
Most utilities are in the early stage of virtualizing their front and back office systems. CPQ is often an adjunct to legacy sys ems, such as CIS, ERP, billing, work and as set management, field force and work force management, capital project management, meter and data management, and ETRM.
How Bit2win Supports Energy and Utility Providers
Bit2win’s multi-cloud solution suite provides many energy and utility-specific capabilities such as the following.
Price and Cost Simulation
Utility-specific Data Models
Utility-specific Product Catalog and Pricing Schemas
Recommendations and Estimates
Utility-specific Business Processes
SAP Integration
Zuora Integration
API Integration
Supports Massive Operations
Multi-point Shopping Cart
Pricing System Integration
Deployed by Leading Enterprises
