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WEL Networks Collaborates with IFS to Revamp Asset Investment Planning

In a groundbreaking move towards innovative and sustainable energy solutions, WEL Networks, headquartered in New Zealand, has partnered with IFS, renowned for its enterprise cloud and Industrial AI software, to enhance its Asset Investment Planning (AIP) methods using Copperleaf’s Decision Analytics platform. This collaboration marks a significant milestone in utility management, aligning financial planning with environmental, social, and governance (ESG) objectives.

WEL Networks sought an advanced solution to refine its capital expenditure planning, aiming to match its operational strategies with long-term strategic goals. The Copperleaf Decision Analytics tool equips the organization to achieve streamlined investment planning processes, ensuring that critical infrastructure projects align with the company's vision and strategic aspirations.

Improving Efficiency and Transparency

By integrating the Copperleaf solution, WEL Networks anticipates a transformation in its planning efficiency. The new platform promises a reduction in planning cycles from several months down to just weeks, significantly enhancing decision-making transparency and reducing reliance on outdated information. This efficiency not only benefits the internal processes of the organization but also ultimately serves the communities they support by facilitating quicker responses to infrastructure needs.

In consultation with Copperleaf, WEL Networks is now able to scrutinize multiple investment scenarios with greater accuracy, aligning short-term actions with overarching long-term goals. Chief Executive Garth Dibley emphasized the significance of these improvements for the organization, stating, "As a community-owned organization, by utilizing the Copperleaf Portfolio we will be able to achieve significant improvements in safety, customer experience, cost efficiency, and asset performance."

Commitment to Innovation

The innovative approach copes with WEL Networks’ dedication to resilience and safety within its service networks. Stefan Sadnicki, Managing Director of Copperleaf for EMEA and APJ, lauded the commitment of WEL Networks to advancing its grid technologies, highlighting their leadership in adopting renewable energy sources and network monitoring solutions.

Sadnicki stated, "We're excited to help them unlock improved capital expenditure management and accelerate their planning cycle. The insights and traceability offered by the Copperleaf solution will foster transparent and accountable decisions that enhance overall organizational effectiveness."

Strengthening Industry Partnerships

WEL Networks’ association with IFS and Copperleaf opens doors to a community of industry leaders, fostering a culture of collaborative innovation. This partnership engages participants in sharing best practices and insights, ultimately paving the way for evolving methodologies in asset management and decision-making.

Overall, this strategic move represents WEL Networks' proactive steps towards modernizing its planning processes while maintaining its commitment to community service and sustainable operational practices. With enhanced asset management supported by robust technological solutions, WEL Networks is set to lead in delivering efficient energy distribution and innovative services to its customers.

Through its partnership with IFS and Copperleaf, WEL Networks is not just upgrading its tools; it's reinforcing its mission to build a sustainable future for the communities it serves, adhering to principles of accountability and transparency in every decision made.