Correla: the best company to glide through energy markets

The Silicon Review

Correla helps customers navigate the complexities of the energy market while creating cost efficiencies that guide the way forward to a net-zero future. It does this through its fully adaptable SaaS platforms, comprehensive Managed Services and unrivalled energy and utility industry knowledge. Its combination of technology, people and process is powering change, allowing it to deliver solutions for customers where data drives decisions. Correla is derived from correlation, because it is all about exploring and enhancing relationships between data, people and processes. The energy market can get complicated and its experience over the last 20 years leads it to want to wage a war on that complexity, by developing innovative new products and services that make it much easier to participate in the market. When it’s easier to get things done, everyone across the energy and utility industry has more time to focus on innovation.

Correla dream of a simpler, greener energy market; powered by its investment in innovation and passion for customers. Powering change describes how its technology, people and processes combine to facilitate industry transformation. Correla’s SaaS products and Managed Service solutions combine to power industry innovation simplify an increasingly complex market and deliver cost and operational efficiencies. Interacting with any of Correla’s SaaS platforms or Managed Service solutions is an exciting opportunity to support industry transformation, the move to a net-zero future and to positively impact the end-consumer.

Best services provided by Correla

Contour: Contour is its process workflow platform that intuitively maps out processes while keeping users in control of their data. Contour allows users to take control of their end-to-end processes with full transparency. Users can engage with, query and update data within their own energy sector portfolio while communicating with all connected third parties safely and securely. With Contour, users can interact with and manage their entire process cycle in one, secure environment. The platform identifies bottlenecks in workflows and allows users to make changes that will have a meaningful impact on day-to-day performance and overall business efficiency.

Contour is used by customers to maintain their portfolios through the ability to create challenge and amend their data, which can then result in an amendment to their incurred industry charges. It removes the need for significant manual input which can be prone to error, therefore reducing customer effort and frustration. Better data validation, the ability to upload supporting documents and a direct communication interface with improved MI all enable speedier query resolutions delivering an overall exceptional customer experience.

Discovery: Discovery collates and presents complex data simply, bringing opportunity in reach. Delivering powerful insight, it informs strategic and critical decision-making. The pressure is on for organisations to respond swiftly to change. Whether that is regulatory in nature or customer-driven, without the proper insight, the energy market is constantly reactive to the challenges of the day. First launched in 2019, Discovery delivers on-demand access to the information necessary to report on the clients’ position, spot anomalies and respond to the needs of the market. It ensures that customers are looking at the same datasets as the industry bodies.

Allowing users to proactively discuss issues rather than providing answers based on outdated information. The visualisations Discovery produces are far superior to what the industry has experienced until now. It builds on the over 15 years of knowledge and experience needed to interpret and correlate the data so that it is logical, relevant and ready for presentation.

Meridian: Meridian connects the clients to the bilateral flow of data across the energy industry. Meridian facilitates the consistent and accurate flow of real-time data between systems and market participants into a single secure environment. It integrates easily with existing systems, accelerates the movement of data and creates cost efficiencies through its cloud functionality. Meridian delivers complete interoperability across the energy ecosystem via an open framework to foster future innovation and rapid expansion. Correla like to think of it as the internet for energy being the single point of reference for customers to receive real-time, personalised, consistent data on a self-service basis.

Meridian has been designed to address some of the most common customer pain points when it comes to managing the movement of data, access and validation. The Meridian platform is the foundation of multiple products that can transform how businesses use data to improve efficiency and simplify critical processes.

Waypoint: Waypoint connects disparate systems, validates data and streamlines asset rollout. Waypoint is a configurable SaaS platform that enables asset deployment and automates complex multi-party workflows for the whole energy market. It allows simplified ongoing management of the clients’ in-field workforce and live assets. Correla are trusted by some of the biggest names in the sector to source, interpret, process and communicate the energy industries’ most critical data. Its Waypoint platform enables precise asset tracking, guides installation and builds manageable workflows.

Waypoint can bring cost efficiencies and agility to all energy opportunities including EV, solar or hydrogen. Waypoint consists of three key elements which work together to offer a complete end-to-end solution for commissioning, installing and ongoing management of assets. Companies can manage their own workflows, improve their operational performance and ultimately enhance their ability to deliver reliable and consistent service to customers.

Sian Jones, Chief Executive Officer