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Collaboration Between Fulcrum and KPMG to Transform Utility Operations

In a groundbreaking announcement, Fulcrum, a leader in field process management empowered by artificial intelligence, has joined forces with KPMG LLP to redefine operational methodologies within the utility sector. This strategic collaboration seeks to bolster not just efficiency, but also resilience in utility field operations amid growing demands from climate change, aging infrastructure, and increasing regulatory scrutiny.

The Importance of Resilient Utility Operations

Utilities across the globe are at a crucial juncture. They are navigating through complex challenges such as workforce transitions, outdated systems, and rising expectations for sustainability and reliability. According to Arun Mani, Principal at KPMG, “Utilities are being asked to do more with less while navigating higher expectations for safety, compliance, and reliability.” In this landscape, foundational work done at field operations is critical to achieve long-term resilience.

Bridging the Gap Between Strategy and Execution

The partnership aims to address the persistent 'last-mile' problem that many utility companies are grappling with. Issues such as fragmented applications and reliance on outdated paper processes have hindered effective digital transformation. Jim Grady, the CEO of Fulcrum, states, “For the first time, they'll get better alignment between field activities and executive strategies as well as the improved field performance they need.” This alignment is essential for ensuring that tasks are executed correctly and efficiently, leading to improved outcomes across the board.

Strategic Benefits of the Partnership

Through the collaboration, several key advantages are anticipated for electrical utilities, including:

1. Strengthened Procedural Rigor: By standardizing processes, the collaboration aims to lower operational risks and variations in field execution, ensuring that quality control is maintained.
2. Improved Reliability and Safety: Integrating safety measures into streamlined operations will reduce the likelihood of rework and enable faster cycles of information exchange between fieldwork and the office.
3. Data-Driven Decision Making: The partnership will provide timely and dependable data from the field, boosting enterprise-level decisions concerning resilience, reliability, and capital allocation in an environment that demands accountability.

A Clear Route to the Future

As the utility landscape continues to evolve, the strengths of KPMG's consulting expertise paired with Fulcrum's innovative technology platform present a clear roadmap for the future. This collaboration empowers utility leaders with the transparency and control necessary to traverse complex regulatory environments while maintaining a dedicated focus on infrastructure reliability and operational integrity.

In conclusion, the integration of KPMG's advisory services with Fulcrum's technology could initiate a new era of efficiency and resilience within the utility sector. As they work together, utilities can look forward to a strengthened foundation that not only meets the current challenges but also paves the way for sustainable practices in the years to come.

About KPMG and Fulcrum

KPMG LLP is renowned for its wide-ranging expertise in audit, tax, and advisory services, operating globally with a commitment to quality and integrity. Fulcrum specializes in AI-driven field process management, enabling organizations to bridge gaps between frontline teams and enterprise systems effectively. Both companies share a vision of enhancing operational integrity and empowering organizations to meet contemporary challenges head-on.