TechValidate Research on Enverus

5 Case Studies


Enverus Case Study

Fortune 500 Energy & Utilities Company Case Study, Enverus Trading & Risk

Introduction

This case study of a Fortune 500 energy & utilities company is based on a July 2020 survey of Enverus customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“Enverus is a trusted supplier for our business”

“With Enverus solutions, we have confidence in the accuracy of our data”

“We have reliable data when we need it. Simple as that. "

“The people I dealt with were always great.”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Enverus:

  • The following challenges led them to engage with Enverus:
    • Needed accurate, timely data
  • Said the following challenges is keeping them up at night:
    • Forward curve management
    • Managing PnL

Use Case

  • Currently use the following Enverus product(s):
    • MarketView ExcelTools
    • MarketView Desktop

Results

The surveyed company achieved the following results with Enverus:

  • With Enverus’ Trading & Risk solutions, experience the following benefits:
    • Deeper understanding of the challenging energy market
    • More accurate forecasts
    • Increased staff productivity
    • Reduced costs related to numerous systems/data/analytics vendors
    • Ability to work remotely
    • More efficient EOD
    • Ability to act/execute on data in real-time
  • When compared to the competition, rated Enverus’ features the following:
    • Data quality: significantly better
    • Implementation process: best in class
    • Speed of onboarding systems/features: best in class
    • Speed of onboarding new data: best in class
    • Industry analyst expertise: significantly better
    • Customer support: significantly better
    • Contracting process: best in class
    • Level of innovation in product suite: best in class
  • Level of agreement with the following statements:
    • Enverus enables them to provide an accurate and up-to-date view of their risk profiles and investments: strongly agree
    • Enverus enables them to capture value from their solutions quickly: strongly agree
    • Enverus’ people are passionate about customer success: strongly agree
    • They can rely on Enverus to innovate to meet their business needs: strongly agree
    • Enverus is an expert on the energy market: strongly agree
    • Having a single source of truth for our data means we make better, faster decisions: strongly agree

Enverus Case Study

Husky Energy Case Study, Enverus Trading & Risk

Introduction

This case study of Husky Energy is based on a July 2020 survey of Enverus customers by TechValidate, a 3rd-party research service.

“Enverus is a trusted supplier for our business”

“With Enverus solutions, we have confidence in the accuracy of our data”

“Enverus helps by providing forecasts, entering historical information, ability to access all the data from one source and good customer service”

“The Envrus team is knowledgeable, helpful and makes sure the issues are fully resolved before closing out queries. "

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Enverus:

  • The following challenges led them to engage with Enverus:
    • Manual processes were slow and cumbersome
  • Said the following challenges is keeping them up at night:
    • Managing price volatility

Use Case

  • Currently use the following Enverus product(s):
    • MarketView ExcelTools
    • MarketView Desktop
    • Genic Data Manager
    • CurveBuilder

Results

The surveyed company achieved the following results with Enverus:

  • With Enverus’ Trading & Risk solutions, experience the following benefits:
    • Deeper understanding of the challenging energy market
    • Increased staff productivity
    • Reduced costs related to numerous systems/data/analytics vendors
    • Ability to work remotely
    • More consistent management reporting
    • Ability to act/execute on data in real-time
  • When compared to the competition, rated Enverus’ features the following:
    • Data quality: significantly better
    • Implementation process: significantly better
    • Speed of onboarding systems/features: significantly better
    • Speed of onboarding new data: significantly better
    • Industry analyst expertise: better
    • Customer support: significantly better
    • Contracting process: better
    • Level of innovation in product suite: significantly better
  • Level of agreement with the following statements:
    • Enverus enables them to provide an accurate and up-to-date view of their risk profiles and investments: strongly agree
    • Enverus enables them to capture value from their solutions quickly: somewhat agree
    • Enverus’ people are passionate about customer success: agree
    • They can rely on Enverus to innovate to meet their business needs: somewhat agree
    • Enverus is an expert on the energy market: somewhat agree
    • Having a single source of truth for our data means we make better, faster decisions: strongly agree

Enverus Case Study

JX Nippon Oil & Energy Korea Corporation Case Study, Enverus Trading & Risk

Introduction

This case study of JX Nippon Oil & Energy Korea Corporation is based on a July 2020 survey of Enverus customers by TechValidate, a 3rd-party research service.

“Enverus is a trusted supplier for our business”

“With Enverus solutions, we have confidence in the accuracy of our data”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Enverus:

  • The following challenges led them to engage with Enverus:
    • We were struggling to manage our risk
  • Said the following challenges is keeping them up at night:
    • Managing price volatility
    • Managing regulatory and compliance concerns

Use Case

  • Currently use the following Enverus product(s):
    • MarketView ExcelTools
    • MarketView Desktop

Results

The surveyed company achieved the following results with Enverus:

  • With Enverus’ Trading & Risk solutions, experience the following benefits:
    • Deeper understanding of the challenging energy market
    • More accurate forecasts
    • Ability to work remotely
  • When compared to the competition, rated Enverus’ features the following:
    • Data quality: best in class
    • Implementation process: best in class
    • Speed of onboarding systems/features: best in class
    • Speed of onboarding new data: best in class
    • Industry analyst expertise: best in class
    • Customer support: best in class
    • Contracting process: best in class
    • Level of innovation in product suite: best in class
  • Level of agreement with the following statements:
    • Enverus enables them to provide an accurate and up-to-date view of their risk profiles and investments: strongly agree
    • Enverus enables them to capture value from their solutions quickly: strongly agree
    • Enverus’ people are passionate about customer success: strongly agree
    • They can rely on Enverus to innovate to meet their business needs: strongly agree
    • Enverus is an expert on the energy market: strongly agree
    • Having a single source of truth for our data means we make better, faster decisions: strongly agree

Enverus Case Study

Japan Canada Oil Sands Limited Case Study, Enverus Trading & Risk

Introduction

This case study of Japan Canada Oil Sands Limited is based on a July 2020 survey of Enverus customers by TechValidate, a 3rd-party research service.

“Enverus is a trusted supplier for our business”

“With Enverus solutions, we have confidence in the accuracy of our data, and more efficient updates of current market pricing. "

“The Enverus team is friendly and willing to help. "

Challenges

The business challenges that led Japan Canada Oil Sands Limited to evaluate and ultimately select Enverus:

  • The following challenges led them to engage with Enverus:
    • We were struggling with inaccurate forecasts
    • Manual processes were slow and cumbersome
  • Said the following challenges is keeping them up at night:
    • Managing price volatility
    • Budgetary constraints

Use Case

  • Currently use the following Enverus product(s):
    • MarketView ExcelTools
    • MarketView Desktop

Results

The surveyed company achieved the following results with Enverus:

  • With Enverus’ Trading & Risk solutions, Japan Canada Oil Sands Limited experienced the following benefits:
    • More accurate forecasts
    • Increased staff productivity
    • Ability to work remotely
    • More consistent management reporting
  • When compared to the competition, rated Enverus’ features the following:
    • Data quality: better
    • Implementation process: significantly better
    • Speed of onboarding systems/features: significantly better
    • Speed of onboarding new data: significantly better
    • Industry analyst expertise: better
    • Customer support: best in class
    • Contracting process: significantly better
    • Level of innovation in product suite: significantly better
  • Level of agreement with the following statements:
    • Enverus enables them to provide an accurate and up-to-date view of their risk profiles and investments: strongly agree
    • Enverus enables them to capture value from their solutions quickly: agree
    • Enverus’ people are passionate about customer success: strongly agree
    • They can rely on Enverus to innovate to meet their business needs: agree
    • Enverus is an expert on the energy market: agree
    • Having a single source of truth for our data means we make better, faster decisions: agree

Enverus Case Study

Private Energy Company Lowers Owner Support Cost And Increases Operating Agility With Enverus Print And Mail Services

Introduction

This case study of a small business energy & utilities company is based on an April 2020 survey of Enverus customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

Challenges

The company faced the following challenges, ultimately leading them to evaluate and ultimately select Enverus Print And Mail Services:

  • The cost to manage owner support in house
  • Faced with challenges from the pandemic, the company is currently re-evaluating their technology and processes

Use Case

The key features and functionalities of Enverus that the surveyed company uses:

  • Printing and mailing revenue checks

Results

The surveyed company has seen the following benefits since outsourcing services:

  • Reduced cost of internal staff
  • Allowed internal team to be more agile



More Research on Enverus