TechnologyAccounting SoftwareDeloitte boosts energy with Tibco

Deloitte boosts energy with Tibco

European Union directives due to increase deregulation in the energy markets and changes in the complexity of energy trading systems have pushed Deloitte Consulting into setting up a global alliance with Tibco Software in its energy market sector.

“The Tibco system sits in the middleware and talks to the traders’ spreadsheets.

If you turn your PC off for a few days, once you switch it on Tibco automatically updates it and gives you all the newest data,” said Gilbert Toppin, head of Deloitte Consulting’s UK energy practice. “You can see it as disparate applications tied to a network with a central systems that updates everything.”

Deloitte Consulting has been working with Tibco for nine months; together the firms mean to provide energy firms with fully integrated real-time IT solutions. Toppin believes the alliance will give Deloitte the increased competitive edge on other firms working in the sector.

“The markets are changing and becoming more global,” he says. “Of 80 per cent of M&As in the US, we are advising one side or the other, so that means we have 40 per cent market share.”

In the 12 months to 31 May 1998, Deloitte saw UK growth of 300 per cent in its energy sector and global growth of 70 per cent.

Related Articles

Accountancy in the digital age: Flexibility, agility, efficiency

Accounting Software Accountancy in the digital age: Flexibility, agility, efficiency

3w Pegasus Software | Sponsored
Sage purchases Intacct in its largest ever acquisition

Accounting Software Sage purchases Intacct in its largest ever acquisition

5m Alia Shoaib, Reporter
5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
UK behind foreign markets in digital accounting, but gap is narrowing

Accounting Software UK behind foreign markets in digital accounting, but gap is narrowing

7m Alia Shoaib, Reporter
The rise of the progressive accountant

Accounting Software The rise of the progressive accountant

7m Emma Smith, Managing Editor
Making Tax Digital: Revolution or revolt?

Accounting Software Making Tax Digital: Revolution or revolt?

8m Emma Smith, Managing Editor
Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

Accounting Software Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

8m Emma Smith, Managing Editor
Four reasons why SME owners should switch to cloud accounting

Accounting Software Four reasons why SME owners should switch to cloud accounting

9m Emma Smith, Managing Editor