Issue
The client is a large East Coast natural gas utility and marketing company integrating a newly acquired retail business.
A newly acquired retail business had to be integrated into the client's existing two-system solution:
- Interfaces moved data between the trade-capture/scheduling system and the risk/accounting system.
- Pricing formulas, risk and accounting reports, and key trade controls all needed improvement for the new business.
- The work had to land on an accelerated five-week timeline.
Solution
On an accelerated five-week timeline, MidDel integrated the acquired retail business:
- Ran a bottom-up analysis of the two-system trade-capture and risk/accounting solution.
- Improved price formulas, stress testing, gas scheduling, transaction data integrity, and accounting reporting.
- Collaborated across risk and IT to compress design-to-delivery time.
Result
The work enabled decommissioning of the acquired entity's systems for an estimated $250,000 in cost avoidance - and led to a six-month, 15-enhancement follow-on.
The client benefited immediately from a faster, leaner integrated environment.
Key Takeaways
- Acquisition value shows up only after the systems merge. On a five-week timeline, integrating the acquired retail business and decommissioning its duplicate systems delivered an estimated $250,000 in avoided license, support, and staffing cost.
- Speed comes from putting business and technical experts on the same team. Close collaboration between risk and IT collapsed the time from design to delivery - the reason a five-week integration was possible, and a pattern that transfers to any acquisition cutover.
Ready to do the same?
Integrating an acquired energy business against the clock? MidDel's joint business-and-technical teams retire duplicate systems fast and bank the synergy. Let's talk.
For more case studies highlighting our work, please go to: Current Case Studies
