Presentation Description: Spreadsheets are not efficient tools for managing land leases, production data, and royalty obligations. They require tasks to be completed and scheduled manually outside the system. Not only is hopping from system to system inefficient, it opens the door to errors that require further clean-up. The inability to track changes and work that’s been completed also adds to the problem. All of these concerns lead to one thing; high operational costs.
Technology advancements now make it possible to better manage your land data through digital automation. Payments can be scheduled and generated digitally to prevent deadlines from being missed and agreements from lapsing. SCADA production data can be utilized to automatically calculate royalty payments in a digital solution, then linked to a financial system such as SAP for payment processing. Visual representations of your land assets and their environment can now be mapped out using integrated GIS tools to better identify variables affecting your projects.
Many of the biggest players in the renewable energy industry have adopted an automated digital approach to managing their lease, land, and royalty obligations, including EDF Renewables; EDP Renewables; Calpine Corporation; BP Wind Energy North America; and Algonquin Power & Utilities Corp.
This session will address current process inefficiencies in tracking and administering lease, land, and royalty obligations; and will introduce digital technologies that provide developers and operators with an integrated digital approach to managing them efficiently.
Upon completion, participant will be able to recognize significant inefficiencies present in current manual land asset management processes, and to identify technology tools that can increase project revenues through digital automation.