5 Must Haves for Your Power Industry Reporting Software Application

When searching for a power industry reporting software application there are a plethora of things to consider. Let’s look at some of the big issues for power industry reporting software application research.

1. Look for a platform, not just a power industry reporting software application program.

With so many software programs and applications

 on the market, it can be tempting to pick and choose applications from a variety of software providers. The risk, however, is that these systems will not work together to create a cohesive software solution. When choosing a power industry reporting software application, it is critical to choose a platform that can be customized with a full suite of compatible applications that can be integrated to work together.

2. It is critical to find a software solution that is compatible with your operating system.

Once you choose a platform, it is important to ensure that the platform is compatible with your existing operating system. Without turnkey compatibility, it can create major coordination issues across your system. Without internal cohesion, your power industry reporting software application is useless.

3. Automate data collection whenever possible.

Manually entering data into your software can take hours and lead to major errors and omissions. By using a platform with automated data capture, you can ensure all your essential data is captured, analyzed and secure. Automated event capture ensures you never miss a critical piece of information.

4. Ensure your system does not just collect data, but analyzes it.

Once your data is captured, it needs to be intelligently and logically analyzes and related to applicable reports. Each data set may be used in a variety of reports. A high level power industry reporting application will not only collect data; automatically analyzing. This gives your data power.

5. Real Time reporting is critical.

Once data is related to appropriate reports, it should be available in real-time. Using a platform with such features as Dashboard Reporting and Real-time reporting ensures you have every tool at your fingertips to grow your business, ensure NERC compliance, power your trades and guarantee that you help keep the lights on 24-7. As a power entity, there is no option other than real-time reporting.

Looking for the perfect power industry reporting software application? Look no further than Versify Solutions and its full platform of reporting, compliance and data management solutions! Contact us today for a free consultation and to learn more about our comprehensive solutions for the energy industry.