Offerings 


We offer proprietary products, technology and advisory services that span various functions across the energy and commodities industry.

CONTACT


Products

Essentia has proprietary products that we have developed by leveraging our deep knowledge of the energy and commodity markets. We have deployed our deep commodities industry expertise to build out subscription-based turnkey technology products that deliver demonstrable value to our clients’ operations.



  • SetMex

    SetMex is a cloud-hosted settlements and invoicing solution that is tailored for companies that participate in Mexico’s deregulated energy market (MEM). SetMex allows participants to capture the settlement statements (EDC’s) published by CENACE for all generation-owning, load-serving, and trading market participants. The solution allows you to manage the complex two-way invoicing that is unique to CENACE and provides you with the visibility you need to understand the hourly charges and credits your company may receive.

    SetMex also supports shadow settlements for a selection of charge types. This is crucial when determining if your charges and credits from CENACE are in the correct amounts and using the correct quantities and prices. SetMex can also be integrated with an internal meter data system to support an even higher level of confidence that your settlement statements are accurate.


  • BidMex

    BidMex is a cloud-hosted front office solution that allows participants in the MEM (Mexico Energy Market) a single point to upload and track all their Generation and Load forecasts. BidMex allows your company or customers to report on those forecasts, both historical and future.

    BidMex also supports the Oferta process, by allowing participants to not only upload and manage their forecasts, but also export those forecasts into a format that can be used for submission to CENACE. This is a critical piece of scheduling for generation and load assets, and BidMex helps to make this process streamlined, auditable, and timely.


Advisory Services 

Our clients have come to view us as a trusted advisor with a depth and breadth of expertise across critical functions within their organization. We help address specific challenges, drive cost savings by delivering solutions in accounting, technical research and regulations, among other key areas.


1

Financial Reporting and Consulting

Financial Reporting and Consulting

In today’s business climate, companies are faced with greater competition, tighter deadlines, and a constantly increasing complexity, both in the business itself and the tools that they use to conduct that business. The demands on a company to meet its accounting and financial reporting requirements are no different. The accounting rules that must be applied continue to grow in complexity to address a diverse array of transactions and issues. Accounting systems continue to evolve as well, resulting in still more challenges. In order to meet our clients’ needs, Essentia’s team includes members with diverse skillsets and a wide range of backgrounds. We have the business professionals that can assist our clients with a broad range of accounting and financial reporting challenges.


2

Technical Research

Technical Research

Adhering to the requirements of complex accounting rules and regulations can be difficult and confusing. Our team has an extensive background in technical accounting research and analysis. We assist clients in understanding and applying those rules to complex financial transactions and situations within the business.  We also assist clients with preparing White Papers on those accounting topics for documentation purposes as needed.


3

New Standards Implementation

New Standards Implementation

While most new accounting standards require some effort by companies within the scope of the standard, over the past two decades, a number of standards have required a massive implementation effort. Essentia can assist you with the adoption of complex accounting standards, both large and small, providing technical expertise and the necessary staffing, if needed, to meet the specified deadlines and properly comply with current accounting standards.


4

Mergers and Acquisitions

Mergers and Acquisitions

Mergers and acquisitions often strain the limited resources of companies, as management must continue to maintain ongoing operations and other matters.  Essentia has extensive experience assisting clients with merger and acquisition activities, including due diligence, systems assessment and convergence, as well as overall company integration.


5

Debt Financing and Refinancing

Debt Financing and Refinancing

The process of obtaining debt financing or refinancing existing debt can be a cumbersome process for most companies, both public and private. Our team can help clients navigate that process, working with legal counsel and the lender to help ensure that the agreements are properly documented, executed and accounted for.


6

Forensic Accounting and Fraud Investigations

Forensic Accounting and Fraud Investigations

Forensic accounting addresses the needs of businesses to understand what actually happened in a set of circumstances based on underlying data when basic financial reporting is insufficient. Those circumstances may occur due to missing, damaged or insufficient records, or they may occur due to error or fraud. The Essentia team has extensive experience in forensic accounting and fraud investigations including both large-scale and small-scale engagements from initial investigations through the litigation process.

Financial Reporting and Consulting

In today’s business climate, companies are faced with greater competition, tighter deadlines, and a constantly increasing complexity, both in the business itself and the tools that they use to conduct that business. The demands on a company to meet its accounting and financial reporting requirements are no different. The accounting rules that must be applied continue to grow in complexity to address a diverse array of transactions and issues. Accounting systems continue to evolve as well, resulting in still more challenges. In order to meet our clients’ needs, Essentia’s team includes members with diverse skillsets and a wide range of backgrounds. We have the business professionals that can assist our clients with a broad range of accounting and financial reporting challenges.


7

Litigation Support

Litigation Support

In addition to fraud-based litigation support, our team can assist with litigation discovery review and analysis, and with business interruption and damages calculations. Our extensive bankruptcy experience allows us to perform estate financial management, avoidance action analysis, asset identification and searches, as well as bankruptcy related fraud investigations.


8

IFRS Reporting and Research

IFRS Reporting and Research

Our diverse experience provides us with the core knowledge to assist clients with IFRS accounting and reporting issues. This assistance includes technical accounting and reporting analysis, Whitepaper preparation, as well as assisting clients with conversions to, or from the IFRS basis of accounting.


9

Internal Audit

Internal Audit

Failure to create and maintain an effective internal control environment threatens the very existence of a business.  Essentia’s team has the in-depth experience to help clients analyze the underlying risks of the business and to design effective controls to address those risks. We can also perform internal audit testing to help ensure that the internal controls are effective and to identify issues that may need remediation.


10

Outsourcing

Outsourcing

The extensive experience of our team allows us to provide temporary outsourcing services for key accounting roles, including but not limited to Controller and CFO, to assist with your staffing needs.


11

Regulatory

Regulatory

Trying to thrive in today’s regulatory environment can be a daunting challenge for any company.  Regulatory oversight has expanded and evolved with each new financial crisis over the past few decades. The regulations have become more complex and the penalties for failing to meet regulatory requirements has seen dramatic change as well, with company officers at a greater personal risk than ever before. Our team has vast experience in assisting clients on regulatory matters, in the United States and abroad. Further, we can provide vital preparatory assistance for companies seeking to “go public.”


12

SEC Reporting and Research

SEC Reporting and Research

The SEC reporting requirements are extensive and can be complex.  Essentia’s team has decades of experience in analyzing and applying SEC Reporting Requirements. We have assisted clients in the preparation of all major SEC required filings (i.e. 10-K, 10-Q, S-1, etc.) and in preparing responses to filing comments made by the SEC.


  • Technology Services

    Essentia clients manage their commodity trading technology stack, taking over the first line of support for these applications. We drive cost savings and efficiency gains by reducing dependence on vendor support.

    Software Development and Integration

    Energy and Commodity Trading and Risk Management technology is complex and requires a deep knowledge of both technology and business processes unique to the industry. We leverage our experience and expertise to gather requirements, apply industry best practices and build fit-for-purpose custom applications for clients in the energy and commodity trading industry. 

    CTRM Implementations and Upgrades

    We have a demonstrable track record of successful new implementations and upgrades of such leading E/CTRM platforms as OpenLink and Allegro. Our team includes some of the top CTRM subject matter experts who have experience implementing and upgrading dozens of CTRM systems. Our combination of knowledge of CTRM and industry best practices makes us an ideal partner in implementations.

    System Selection

    Participants in the energy and commodity trading industry often find that they require systems to help manage their activities from trading to settlements. Given that there are more than dozens of CTRM systems, it can be challenging to choose which system is the best fit for the defined requirements.

    We partner with you to objectively evaluate the various systems in the marketplace across multiple dimensions including functionality, projected return on invest among others. This ensures that the best-fit system is selected.

    Managed Services

    Energy and commodity trading firms often have multiple systems that enable various business processes. Some of these systems are niche and organizations often do not have internal competency to adequately support these applications, leading to excessive and costly reliance on vendor support.

    We help clients manage their commodity trading technology stack, taking over the first line of support for these applications. We drive cost savings and efficiency gains by reducing dependence on vendor support.

    Technology Strategy

    It is often unclear whether the current state of the enterprise’s technology landscape will be fit for purpose over the medium to long term. The overall strategic direction of the organization is known years in advance, however, the fitness of the technology stack to enable the defined strategic direction is not known.

    Our Technology Strategy Review seeks to assess the stated strategic direction of the organization, define the technology that will be required to support these goals, conduct a gap analysis between the current state and the required future state and provide recommendations on how to bridge the gap.

    CIO Services

    In the energy and commodity trading industry, a holistic view of the entire technology landscape is required to ensure continued alignment between technology strategy and overall corporate strategy. Technology staffing, systems, vendor management and technology sourcing strategy, among other core technology-related functional areas, require periodic review for continued and long-term fitness.

    As energy and commodity trading industry experts, we are well positioned to help our clients in all these areas by deploying personnel and teams composed of seasoned professionals who have themselves been CIOs in the past.

    Return on Technology Investment

    Technology management teams get a barrage of requests from the business asking for new technologies to be rolled out and old ones upgraded. The C-suite usually expects detailed return on investment studies completed before spending on new technology or upgrades to old technology can be approved. These studies often require a deep knowledge of industry best practices, business processes and the technologies under consideration.

    Our Return-On-Tech-Investment (ROTI) services involves a deep study of business processes, capabilities of the technologies under consideration, cost savings due to automation as well as ongoing support costs in order to determine, empirically the true value of the technology in question.

    End-to-End System Review

    Initial CTRM implementations done by a generic system integrator tend to implement the solution leaving room for improvement. Our specialists will come in and perform an end-to-end review of the functional and technical configuration of your system. We document our findings by area and provide recommendations designed to help achieve improvement in functionality, performance, or while reducing cost.

    As businesses and business processes evolve over the years, CTRM systems tend not to keep up. If it has been a few years since your implementation, even if things were originally setup perfectly, the time is right for an end-to-end review.

    Business Process Re-engineering

    Systems and processes go together. Systems implemented on top of badly defined processes will often inherit the negative properties of the processes in question.

    At Essentia, we know the energy and commodity business and have deep expertise of industry best practices gained from years of experience serving clients in the space. We help study as-is processes, identify opportunities and develop and implement to-be processes. The result is system-ready processes and cost savings driven by increased efficiency and technology ROI.

    Cloud Services

    We help our clients host their business applications in the cloud. We manage environments, various instances of their business applications and thereby deliver measurable cost savings associated with running technology infrastructure sub-optimally.