Project Portfolio Management Software for Renewable Energy
Better Project Prioritization and Selection
Cora ‘Project Request Portal’ enables you to explore ideation systematically using configurable templates, while the ‘Strategic Portfolio Management’ functionality provides you with Scenario Comparison tools to better align project selection with strategic objectives.
Easy to Access Audit Trail
Your data and documents are digitized and organized in the one, central hub, ensuring all regulatory and compliance requirements are up to date and easy to access, and there’s a clear and reliable audit trail for everything because all actions are time and user stamped.
Integrate and Streamline Processes and Systems
All processes, systems and existing software are seamlessly integrated into a unified platform, so financial controls, forecasting, schedules, resourcing and any other business units are coordinated and all work together instead of in siloes.
Financial Management Dashboards
It’s critical you can easily track your spending. All your costs need to be monitored. One of your most important questions is: “What’s the valuation of the project at this point in time?” Project valuation milestones within Cora are used to formally recognise a change in the valuation of each project. Milestones must be visible alongside other financial elements, including budget, forecast and actuals, to provide a visible indication of how the project is performing over time – what value is expected and when it will be delivered.
Enhanced Governance
Project data must be visible and easy to find in one location or contained in easy-to-read dashboards. This is essential in getting adoption of your platform across the business, leading to improved visibility and governance of projects. Improved visibility and governance of data will help support investor management – being able to answer investor questions with real data, ensuring their investments are secured.
Improved Partner Management
Is management of your development partners critical? Does outsourced development activity represent the majority of your spend? If partners are not hitting deliverables, your business cannot meet its commitments to your energy supplier so you must have a plan to mitigate. In addition, retainer payments may continue to be made if it is not visible that a partner is not delivering. Partner dashboards are essential in understanding how projects perform across a range of KPIs.
Watch This Video
Find out more about how Cora helps renewable energy companies in this video.
The Value Cora Generates
Million
“Improvement to bottom line”
Million
“Increase in planned savings annually”
%
“Increase in net profit on projects” (representing $Ms in savings)
Ready to See Cora in Action?
Do you want better control of your renewable energy portfolio performance? See how Cora can deliver impressive results.
What Our Clients Say
“We’re incredibly focused on managing risk and creating value when deploying capital across our portfolio of wind, solar and battery storage projects. We want to manage our entire portfolio in real-time, using a data-driven risk-based approach. Cora gives us that power. In evaluating a number of platform providers, we were impressed with how Cora aligns with our vision for portfolio delivery.”
– Andy Kinsella, CEO, Aer Soléir
Latest Renewable Energy Insights
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Renewable Energy Project Management Software FAQ’s
Why use Renewable Energy Project Management Software?
What are the Benefits of Renewable Energy Project Management Software?
Renewable energy project management software offers the following benefits:
- Streamlined project planning and execution.
- Resource optimization.
- Real-time monitoring and data analysis.
- Collaboration and communication.
- Compliance with regulatory requirements.
- Cost control and financial management.
What are some of the Key Features of Renewable Energy Project Management Software?
- Enterprise financial management: Customers need to track what they’re spending. All of their costs, e.g. project actuals, forecast budget, project valuation milestones, etc. need to be monitored, so program managers can easily answer: “What’s the valuation of the project at this point in time?”
- Portfolio dashboards: Once data is loaded on Smart Fforms and Registers, you can see everything in the portfolio dashboards e.g. How many megawatts is being produced? etc.
- Project health check: To optimize data, Cora sets up project health check pages so customers can see everything on one page for how projects are performing, enabling customers to drive their reports from a single project health check page.