Software Solution for Regulatory ComplianceTue, 01/21/2020 - 18:21
Energía Integral, a Mexican consultancy that provides services to extend the life cycle of industrial and offshore installations, has identified compliance management as the key to guaranteeing increases in efficiency against this new operational landscape. It has developed a package of software and app-based solutions that tackles the demand for effective compliance management. “We developed these compliance management software solutions to help operators fulfill their commitments according to the most recent regulations. Our objective is to facilitate our clients’ interactions with the bureaucracy and create a direct link between operators and regulators,” says Javier Dávila, Director General of Energía Integral. These solutions work by aligning a company’s internal organizational chart with the specific demands made by the laws in question. “For instance, license contracts usually have more than 40 chapters. For companies with these types of contracts, we identify the requirements outlined in the chapters and compared them to the company’s structure to assign specific responsibilities to individuals within the company,” says Dávila.
This software, called OMG APPS CC, then verifies that each requirement is met through the logging, analysis and storage of periodical entries in cloud-enabled databases. Each entry is accompanied by supportive materials to which both company employees and regulators, such as CNH, CRE and ASEA, have remote access, simplifying communication between all parties. Suggested response times are included for every request the regulators make, along with deadline reminders to avoid fines and penalties, plus compliance supervision and statistics.
Energía Integral’s solution does not solely identify one individual or department per requirement; it finds those responsible along the entire chain, from administration to operational and regulatory verification. “The idea is to trace the route between requirements and those responsible for fulfilling them. We believe this solves significant problems and reduces the bureaucratic cost of operation, in part by linking upper management with whatever is going on at the worksite,” says Dávila. A flexible design means PEMEX could establish the mandatory use of the software as a reasonable requirement for all of its operators and service providers, Dávila adds. When asked about the impact that long-term projects currently favored by the government will have on the industry’s overall efficiency, Dávila is quick to see the bright side. “While we do feel that these large and unwieldy endeavors will uncover the many gaps yet to bridge, we are motivated by the new government’s focus on combating corruption. This will make everything overwhelmingly more efficient.”