Energy companies of the future.
Allovance helps utility companies allocate their budgets, minimize operational expenditures, and advance their goals.
Provide project evaluation transparency and decision justification.
One of the biggest challenges facing utilities is managing budgets and prioritizing projects in ways that are transparent and collaborative. How do you select the right balance of projects that reduce portfolio churn while allowing for scenario analysis and adjustments to the portfolio when changes occur? Our reporting features allow for easy documentation and justification of project selection when things change.
Allovance allows utility companies to combine all of the functions of their various tools into one comprehensive strategic planning tool in order to select the right balance of projects year after year. With Allovance, you can achieve higher strategic value from the same budget, while making sure projects are aligned to your priorities. Priorities can include Operational Performance, Innovation, Financial Performance, Plant in Service, etc.
Allocate capital and prioritize projects to maximize impact.
Should you build a new Substation? Invest in Transmission line upgrades? Implement new digital metering software? How do you compare things that are so different? Allovance’s approach to scoring allows different capital projects to be compared using consistent metrics. Allovance prioritization evaluates projects based on their "Strategic Value" and helps leaders make decisions that are aligned with overall organizational priorities and objectives.
From setting your priorities to choosing strategies that align to your priorities and everything in between, we provide cities with a collaborative, visual and easy to use software to successfully create strategic plans, but also justify their decisions and projects to the communities they serve, state and federal compliance agencies, and other stakeholders.
Real-world Utilities case studies.
Transparently Allocating Funding to Initiatives Supporting the Mission – Local Development Finance Authority
Your decision engine
Allovance is a decision engine rooted in science, crafted around stakeholders, and built for clients like you.
Interested in learning more about how Allovance can help your team with Utilities projects?
Rethink Capital Management Strategies and Utility Project Portfolios within a single system. Collaborate with stakeholders, provide project transparency & justification, and allocate limited capital to achieve maximum impact with Allovance.
Discover the incredible power of the Allovance platform for Utilities teams.
Allovance is backed by over 20 years of decision making experience and data science methodologies – providing realtime decision making data with clarity and without bias.
Make better Utilities decisions.
Schedule your hassle-free 15 minute consultation with our professional team.