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Monthly Archives: December 2012

Enverian Reflects on a Very Successful Year


As 2012 draws to a close Enverian can look back with a great deal of satisfaction at the strides the business has taken over the past twelve months.

The year began with the company securing a €1 million investment in a first fundraising round by the AIB Seed Capital Fund, Enverian company directors and Enterprise Ireland.  This capital injection enabled us to commercialise our product and grow the business.

A significant milestone was reached with the launch of our second generation portfolio and project management business solution, Enverian Developer. This included a number of ground breaking new features such as integrating the solution with Microsoft Project, more powerful charting capabilities and enhanced financial modelling systems with the in-built flexibility to be able to respond to different price regimes (PTC, ROCs etc.) and report on key industry metrics (IRR, NPV, LCOE etc.).

Additional functionality followed thereafter putting Enverian Developer in a class of its own. Scenario Planning allows users to create what-if scenarios against a base case by having the ability to change key input variables and assumptions while risk and resource alerts provide an indication of immediate and potential issues that may affect project delivery. Further information on our enhanced Business Intelligence engine is available here on our website.

Recognition of our achievements came in May when Enverian walked away with the award for Best Angel or VC Backed Startup of the Year at the Startup Awards 2012. Making the announcement on the night, Bobby Kerr of Dragon’s Den fame proclaimed that: “The judges felt that Enverian should be awarded gold for an intuitive and intelligent product in a market with exponential growth potential, as well as being hugely ambitious”. Well said Bobby!

As a sign of the continued growth of the company a new website was launched in July to showcase our unique solutions and provide a better user experience to our customers. Additional client deals were also announced which included renewable energy industry leaders such as Mainstream Renewable Power and BrightSource Energy along with newcomers to the market such as Reforce Energy.

The year ended on a positive note with Enverian receiving much interest in its business solution from those attending the Irish Wind Energy Association Autumn Conference and the company also announcing plans to expand even further in the future.

We’d like to take this opportunity to express our thanks to all those who’ve helped contribute to our successes this year and look forward to a fruitful 2013.

Merry Christmas and Happy New Year,

Enverian

 

For further details on some of our main achievements during 2012 please see:

http://www.enverian.com/press/latest-news/

 

Posted: December 20, 2012

The Bucket of Snakes


As a Development manager, can you instantly and accurately report on your entire portfolio of projects OR is the reporting process more like looking into a bucket of snakes?  Snakes that are continually moving, inextricably intertwined and, worst of all, prone to “bite-you-in-the-budget” when you least expect it!

Unfortunately the latter is too often true of global renewable energy project portfolios due to the lack of centralised and consistent project tracking and reporting.  You know that the information is somewhere within your organisation but have a real difficulty trying to capture it and act on it. Enverian Developer addresses precisely this problem.  Enverian’s team experienced this issue first-hand during their many years in the wind industry and developed solutions to address it.  Enverian Developer is the result of this experience and puts the team’s vast combined knowledge at the disposal of the renewable energy industry.

Enverian Developer is a cloud based business solution which tracks, ranks and values a global project portfolio providing corporate reporting at the click of a mouse producing many KPIs such as IRR and NPV at both project and portfolio level.  The advantages of the cloud-based approach are manifold, not least of which is a minimal total cost of ownership when compared to on-premise solutions, in tandem with instant access to the solution for project managers around the globe resulting in real-time project data accessible across the organisation.

Thus, the bucket of snakes is tamed and there are no more surprise “bites-you-in-the-budget”.  Click here for an overview of Enverian Developer or contact us at info@enverian.com to schedule an online demo.

Innovation is disrupting the portfolio market


In the first of a series of blogs we look at the project and portfolio management (PPM) software providers. Traditional vendors (such as BMC Software, CA Technologies, HP, Microsoft, Oracle, and Planview) primarily offer on-premises deployments of their generic enterprise PPM applications. These providers come from a traditional software product background, and have been operating in the PPM space for many years. Implementations like Primavera are complex due to the need to extensively customise the product for a given customer and are costly in both time and money.

To address mounting customer demand for PPM Software as a Service (SaaS) vendors have been forced to introduce cloud-hosted deployment as an additional option for their customers and prospects. This is a half-way house to full cloud solutions being offered by emerging niche vendors like Enverian – the new kids on the block.

When choosing cloud-hosted from traditional providers instead of on-premises the subscription-based pricing models give you the flexibility to lease, not own, the solution. As a result, there is a lower cost of ownership as the providers can pass on cost savings to the customer. However there is still the same problem of complex implementations to be undertaken so the cost of entry is still quite prohibitive.

That is where niche players are making their mark. Targeted customer solutions provided as SaaS gives you lower cost of entry, rapid implementation, and lower on-going cost of ownership.

Don’t you just love it!

 

Posted: December 07, 2012

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    Enverian was established in 2011 to provide innovative, complex and flexible business solutions to the energy sector. The company is led by a Board of former CIO's of Bluechip companies and a Senior Management team with extensive experience of delivering key strategic initiatives in Renewable Energy, Biotechnology, Financial, Utilities and IT environments. Read More...