Lars Cordi Rosengaard’s Post

Partnering with The Energy CFO means having a financial professional who not only understands the nuances of manufacturing, but also knows how to leverage cash flow to drive business growth. 

𝐓𝐨𝐝𝐚𝐲’𝐬 𝐬𝐮𝐜𝐜𝐞𝐬𝐬 𝐬𝐭𝐨𝐫𝐲 explains how The A Team streamlined a company’s environmental investment audit. Our client, who specialized in renewable energy projects, faced significant hurdles in preparing for a comprehensive investment audit. 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐰𝐞𝐫𝐞 𝐯𝐚𝐬𝐭, from navigating through 15 years of complex financial data amidst employee turnover, to dealing with incomplete documentation and outdated technology. The stakes-- crucial renewable energy investments were on the line – the client had to provide accurate and complete financials. 𝐄𝐧𝐭𝐞𝐫 𝐓𝐡𝐞 𝐀 𝐓𝐞𝐚𝐦. Our Outsourced Controller tackled these challenges head-on. The approach was multi-faceted: • Setting clear goals and deadlines • Providing expert consulting and advice • Applying strong project management and organizational skills • Efficiently coordinating a large, diverse team 𝐓𝐡𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬? A resounding success. We substantiated over 97% of $27 million in expenses, completed the project within the tight deadline, and established efficient, repeatable processes for future audits. Read more in our expanded case study here: https://lnkd.in/eB_T7yYK #CaseStudies #BusinessAudits #TheATeamConsulting

O&G companies need to step up their game to remain competitive in the energy industry. In today's market, it's critical to have the capability to react to changing conditions and control costs. Unfortunately, many companies continue to rely on manual methodologies to manage schedule and cost data, which jeopardizes visibility, reporting, and ultimately decision-making capabilities.   Fortunately, digital technologies offer a solution. By adopting an integrated system specifically designed for the O&G industry, companies can improve cost planning and execution control for complex projects. This provides the data quality, real-time possibilities, and visibility needed to realize full cost control both on project and company levels.   Don't let your organization fall behind!!! Make it easy to save costs, save time, and stay up-to-date with the correct information at all times. contact us: [email protected] #Costcontrol #oilandgas #Quorumsoftware #QuorumExecute #Energyprojects #planning #digitalbusinesstransformation https://lnkd.in/erCWZ36

**Internal Audit Insights: Real Estate vs. Power Projects** Over the past decade, I’ve had the privilege of delving deep into the intricacies of internal auditing across two dynamic sectors: real estate and power projects (both renewable and conventional). Here are some reflections and key distinctions from my journey: **Real Estate**: - **Risk Management**: In real estate, the primary concerns often revolve around market fluctuations, regulatory compliance, and project timelines. Ensuring accurate valuations and managing construction risks are critical. - **Financial Controls**: Monitoring cash flows and cost overruns is vital. Internal audits here often focus on verifying that funds are appropriately allocated and that projects stay within budget. - **Operational Efficiency**: Assessing the efficiency of property management and maintenance operations is essential to optimize asset performance and tenant satisfaction. **Renewable Power Projects**: - **Innovation and Compliance**: The rapid pace of technological advancements and evolving regulatory landscapes make this sector particularly dynamic. Auditing here involves staying abreast of new technologies and ensuring compliance with environmental regulations. - **Project Viability**: Evaluating the financial models for renewable projects is crucial. This includes scrutinizing assumptions related to energy yields, government incentives, and long-term sustainability. - **Risk and Resilience**: Renewable projects face unique risks, such as resource variability (e.g., wind and solar availability). Auditing involves assessing these risks and the project's resilience to such fluctuations. **Conventional Power Projects**: - **Regulatory Adherence**: Given the established nature of conventional power, there’s a strong emphasis on compliance with stringent regulatory requirements and environmental standards. - **Operational Audits**: Focused on efficiency and reliability, these audits ensure that power plants operate within optimal parameters and adhere to safety protocols. - **Financial Performance**: With significant capital investments, it’s imperative to monitor financial health, manage debt, and ensure returns on investment. Both sectors offer unique challenges and learning opportunities. The core of effective internal auditing lies in a deep understanding of the specific risks, regulatory frameworks, and financial intricacies inherent to each field. Looking forward to engaging with fellow professionals and sharing more insights as we navigate the complexities of these ever-evolving industries. #InternalAudit #RealEstate #RenewableEnergy #ConventionalPower #RiskManagement #FinancialControls #OperationalEfficiency

Businesses who regularly purchase equipment and or vehicles typically gain value in finance partners arranging annual funding limits. Advantages of a funding limit include: • Pre-approved to an amount of your choice (subject to credit assessment) • Known facility limit, provides certainty around available capital at your disposal • Annually renewable facility • Typically arranged under a No cost, No obligation to utilise structure • Allows for improved financial planning and forecasting • Ease of drawdown – minimum of one signatory required.

If you’ve carried out an audit on your energy, you then have the insights you need to create a money saving strategy Prioritise opportunities: Rank energy-saving opportunities based on potential impact, feasibility, and return on investment (ROI). Develop an action plan: Outline specific recommendations, timelines, and responsibilities for implementing energy-saving measures, including estimated costs and projected savings. Financial analysis: Conduct a cost-benefit analysis to quantify the financial implications of implementing energy-saving measures and secure buy-in from stakeholders.

We will not advise you to enter into long-term agreements that are self-serving like most Consultants do. This typically benefits them and not you – especially if you are a small business or organization. Most consultants and providers want to follow a strategy of “set-it and forget-it” until your next contract. We do not follow this line thinking because it is truly self-serving. We want to be your trusted partner and an extension of your business operations. A member of your team – just like your Attorney and Accountant. #energyconsulting #pinnacleenergysolutions #pennsylvaniaenergyprovider #energyprovider

🎯 Project Finance Assistance? 💡   ✔$100 Million to $5 Billion . Shovel Ready. Most nations. • Project Finance Readiness Consulting available. • We are global expert consultants in project assessment and due diligence. * Our Project Financing Readiness Support Services offer distinct advantages in today's fiercely competitive economic landscape, readily accessible to our clients. * Projects across all these nations require the same level of potential premium quality. #consulting #projectmanagement #energy #renewableenergy

Indian FMCG CFO made a huge mistake and got FIRED! . . In May 2021, we helped a customer in the FMCG sector owned by a US-based private equity fund to procure 5 MW of #openaccess solution in Uttar Pradesh from the country's No. 1 #renewableenergy developer as per media reports at that time. The developer committed to deliver the project to the CFO by December 2021 without fail. We, as the country's largest renewable energy consultant, advised the CFO to continue our project monitoring service until the project was commissioned to ensure that their 100% IRR and annual savings of 15 million weren’t delayed. The CFO said, "Gaurav, you've done a fantastic job, but since this is the country's top developer, there's no need for you to spend time, and for us to allocate resources.” However, on November 11, 2021, they received an email stating that land acquisition had been significantly delayed due to the passing away of someone responsible for aggregating land, resulting in an indefinite project delay. CFO was in a flux due to this delay and the commitment he made to the board of directors regarding cost savings. When he approached the developer requesting liquidated damages, the developer replied, 'You are free to exit the contract and look for another partner.” They finally got the power in April 2023, AFTER a 15-MONTH DELAY! Unfortunately, in January 2023, the CFO was fired because the board lost trust in him due to missed power delivery timelines, leading to a delay in 15 million #savings and a reduction in their IRR from 100% to a meagre percent. So don't be the next one! Check out the 5 most critical TIPS to do a thorough due diligence on renewable #energy developer before you sign a Power Purchase Agreement. Comment “RIGHT” & receive a Detailed Framework on Project Status Parameters to consider while doing DEVELOPER DUE DILIGENCE! #solarenergy