Escalating climate change, sustainability, energy costs, and resource depletion. These are a few reasons to why the renewable energy industry has been expanding swiftly for the last decade or so. Because of their nature, renewable energy projects face many threats and challenges. However, contract management can help reduce some of these threats.What is renewable energy and why is it vital?
Renewable energy conjointly known as “renewables”, generated from non-fossil fuels. Some examples are geothermal, wind and solar energy. There are many reasons why renewable energy has grown so rapidly in such a short time. There are environmental issues, however, the explanations are economical. Fossil fuel reserves are quickly dropping. This insufficiency leads to rising energy costs and the wish to achieve some kind of liberty from fossil fuels. Investing in renewable energy sources and enforcing renewable energy projects is one of those measures.
Why is Contract Management a key for renewable energy projects?
Contract Management is important for any kind of project to be successful and for organizations to obtain a competitive advantage. Renewable energy is one of the fastest growing industries today and is very fierce. This means that there are many opportunities, but also risks considering starting from the planning to the completion and operation of the project.
Contract Management shortens cycle times for payment(s) delivered to the landowner. It automatically monitors the status of contracts and documents as they move between the field and office departments. It triggers workflows of key dates or calculations notifies when an activity or a task is assigned or due and allows input of multiple key dates and reminds due dates.
CM helps customize key fields to capture relevant information. It integrates with Microsoft Office (import/export), captures electronic signatures on tablets and interfaces with SAP ERP system, and configures changes with no programming required. It also helps change options based on the needs of customers.
altAMPS, the geoAMPS software provides solutions for the renewable energy project planning and management via Contract Management along with Land and Payment Obligation Management.
Why use geoAMPS?
geoAMPS is striking. With a fair amount of other systems out there, geoAMPS is user friendly and companies are turning to geoAMPS for all their business needs. geoAMPS lets you manage land acquisition data through a central Web database and access it on your smartphone. It helps track new construction status and infrastructure maintenance to keep projects running smoothly and visualizes parcel data on the GIS mapping application for better project planning. It gives field agents mobile access to project updates and information. With geoAMPS you can bring all your business processes into one intermediate platform.