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Portuguese Utility Company Energias De Portugal (EDP) Chooses Greenlight Technologies to Streamline Its Regulation Management Process
Flemington, NJ (July 15, 2020) – Greenlight Technologies, a pioneer of automated enterprise control monitoring solutions, today announced Energias de Portugal (EDP), a multinational, vertically integrated utility company headquartered in Lisbon, selected Regulatory Change Management to help manage, monitor and execute regulatory requirements across their organization globally.
With 11.700 employees serving more than 11 million customers across 19 countries, EDP is present throughout the entire electricity value chain. With almost 66% of their energy produced from renewable sources, EDP is the fourth largest wind energy production company in the world.
Working in a highly regulated environment with local requirements in all countries, EDP faces continuous evolving regulations from a large number of sources. Trying to manage this sensitive process in an efficient, transparent, effective and compliant manner and having full transparency across all processes and data affected had become extremely challenging.
“We were looking for a solution to centrally manage and report on the regulatory requirements in the Energy sector in all countries we are operating and to be able to prioritize and manage the impact of changes to our business,” said Gonçalo Ferreira dos Santos, Head of Energy and Pricing at EDP.
“After a thorough selection process, we chose Greenlight Technologies as it allows us to eliminate silos, enables process standardization across regulatory mandates and supports automated control testing, so that compliance will become a by-product for us,” adds Jorge Simões, Head of the Digital Factory at EDP.
Greenlight’s Regulatory Change Management solution enables companies to manage regulatory compliance across the enterprise more efficiently, effectively and affordably. Companies are able to proactively plan and respond to new and upcoming regulatory requirements by automatically identifying changes, establishing accountability and unifying regulatory requirements across key stakeholders. It ensures they can accelerate compliance with new and changing regulatory mandates by aligning regulatory requirements with internal control activities, streamlining operational execution, and automating control testing across enterprise systems.
“We are excited and proud to be a strategic partner of EDP’s overall risk management strategy,” said Thomas Gerstner, President of Greenlight Technologies in EMEA. “Many companies like EDP are increasingly turning to Greenlight as they see the value of working with a vendor who understands the challenges of operating in regulated industries and has a ready-to-use Cloud solution to help them establish a proactive, automated and cost-efficient approach.”
About Greenlight Technologies
Greenlight Technologies is transforming the way organizations assure compliance by automating enterprise control monitoring and certification. Our enterprise platform monitors everything – all applications, all users, all transactions, all risks – all the time and automatically identifies, analyzes, calculates financial impact, and reports on actual risks; so the business understands the financial exposure the risks present and can easily act on them. Leading global companies rely on Greenlight Technologies to make managing risk and staying ahead of audit issues easier, more effective and significantly less costly. Our customers have saved millions in labor costs, audit fees and loss prevention. Learn more at https://greenlightcorp.com.