Result-oriented information management with modern risk management software
Suur-Savon Sähkö is the energy group of the Suur-Savon Sähkö Group, headquartered in Mikkeli. The Group employs more than 80 energy sector professionals. The parent company, Suur-Savon Sähkö, sells district heating under the brand Lempeä to ten localities.
Järvi-Suomen Energia is responsible for the distribution of electric energy to more than 102,000 customers in its area of operation. In addition, the subsidiary Lumme Energia sells electricity throughout Finland to both consumers and companies. The Lumme Energia range also includes electronic transport services and solar panels for consumers and small businesses.
Granite’s functions enable risk management to be developed and brought closer to practice.
Eija Simonen-Riikonen, Resource Manager, Suur-Savon Sähkö
At the core of the operations of the locally owned Suur-Savon Sähkö is continuous work to improve the reliability of energy supply in sparsely populated areas and the development of new solutions for energy distribution and production. The broad theme of risk management has long been on the agenda in the development of the activities of the infrastructure-critical organisation, which strives for sustainability in its operations.
In today’s world, using Excel for risk management is no longer sensible.
Eija Simonen-Riikonen, Resource Manager, Suur-Savon Sähkö
The modern business environment is more information-critical than before, regardless of the business sector. The work of energy companies is not only critical for the activities of individual customers and companies. More broadly, the operating capacity of society as a whole depends in many respects on the production and availability of energy production.
Suur-Savon Sähkö’s operations are very cross-sectoral and comprise several different areas. Therefore, it is very natural that the principles of knowledge-based management and risk management have played an important part in the development of the organisation’s operations.
For a long time, the backbone of Suur-Savon Sähkö’s risk management was a traditional risk register built in Excel, but the modern requirements and expectations of today’s market led Suur-Savon Sähkö to seek more appropriate and modern tools for risk management. The development of business operations in today’s market requires agility in both responding to the needs of stakeholders and demonstrating compliance. The more cross-sectoral the business is, the more critical but also more demanding it is to meet this challenge. It is crucial to incorporate practical perspectives and understanding in the decision-making process in order to make it efficient and, above all, effective.
Comprehensive and results-oriented risk management begins with a change of attitude, but sooner or later, it will make sense to find an appropriate risk management tool to support it. This was also what Suur-Savon Sähkö did when it switched from traditional risk registers built in Excel to Granite’s risk management tool, which supports standardised risk management.
When it comes to the selection of the risk management tool, it is important to find a risk management solution that can be introduced without it bringing additional challenges or difficulties to the development of risk management. In most cases, there is no standard risk tool that many organisations would find suitable as such, but it is normal practice to adapt the features of the risk management tool, such as the information recorded on risk forms, to the risk management model used by the organisation. This is a significant threshold issue for many organisations when it comes to searching for a risk tool, and as such, it should be given sufficient attention.
The agility of the deployment of the risk management tool affects in many ways how the practical risk management work can be continued after the deployment of the tools. For this reason, the technical features of Granite’s risk management tools have been designed using technologies that enable very agile deployment. In Suur-Savon Sähkö’s organisation, risk management is primarily a management tool, and it is precisely for this purpose that the features of Granite’s risk management tools meet the goals of the operations very well.
When all the risk data related to operations can be effortlessly collected in one place, it can easily be shared for decision-making and resourcing purposes. In this way, the best principles of risk management support the promotion of the organisation’s goals comprehensively. Granite’s comprehensive and visually clear reporting features make it easy and effortless to gain an overall view of the entire organisation’s risk situation in one go.
However, it is important for the development of risk management that the risk data is also accessible at a practical level, which is also one of Suur-Savon Sähkö’s goals. Granite’s risk management tools support this goal primarily by means of easy usability and agile deployment, to ensure that critical development work is not left undone. The simple tool that is easy to use in everyday work also guides users to examine their own activities from the perspective of risk management.
Comprehensive and result-oriented risk management requires appropriate tools.
Eija Simonen-Riikonen, Resource Manager, Suur-Savon Sähkö
Risk management produces the best results when it is carried out on a regular basis and with uniform principles. These are characteristics with regard to which risk management based on traditional principles does not fully meet the requirements of today’s market. You can collect plenty of risk data in Excel, but it is essential for the results of risk management that something is also done about the identified and assessed risks.
A standardised and appropriate risk management tool brings with it a systematic dimension that is completely different from what traditional methods can offer. In addition to automatically generated risk reports, Granite’s risk management tool also reminds those responsible for corrective measures of what to do about the risks and when to do it. This way, the system supports the achievement of the goals that Suur-Savon Sähkö has set for its operations and allows for up-to-date monitoring of the situation.
Using a system that supports systematic risk management work enables planning future development steps in a way that is completely different from traditional risk management methods. When the organisation is able to understand its situation more comprehensively based on data, it is also able to take more determined steps towards the goals it has set and to monitor its progress.
Resource-wise risk management aims to automate monitoring to the largest extent possible so that resources, which are always limited, can be used as efficiently as possible. The right attitude goes a long way, and the right risk management tool can be exactly what is needed for a wider understanding and implementation of risk management principles.
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