Easily Gain Compliance With Energy and Utilities Regulations
The Challenge: Energy and Utility Firms Must Retain Communications
Regulated Energy and Utility services – including Oil companies, Electric companies, and Power companies – are required by law to archive, retain and supervise business communications. Regulations from State and Federal authorities such as The Department of Energy (DOE), The Federal Energy Regulatory Commission (FERC), and The North American Electric Reliability Corporation (NERC) lay out specific mandates around communications that must be retained, including those taking place over social media, mobile devices, and messaging platforms. Failure to comply with these rules can lead to fines and has resulted in a number of high-profile enforcement cases where companies were penalized for failure to adhere to compliance rules.
The Problem: Most Solutions Required You To Send Your Data To a 3rd Party Archive
How do you retain and supervise messages in order to meet compliance regulations? Most messaging compliance solutions require sending your workforce’s critical, sensitive communications to a third-party data store. Moreover, these services require recurring monthly fees for the maintenance of a second archive, in addition to your existing email archive.
The Solution: Merge1 Helps Energy and Utility Companies Meet Regulations Efficiently
Merge1 by Globanet helps Energy and Utility companies quickly and easily gain compliance with regulatory bodies and State regulations. Merge1 was designed to facilitate compliance by using your current infrastructure. Merge1 extends your existing email archive to capture various communications channels, including IM, chat, social media, mobile and enterprise collaboration platforms. Once messages and content from these platforms are ingested into your archive, they can be retained according to retention rules, supervised for compliance and searched during eDiscovery.
Benefits of Merge1 for Energy and Utility Companies
- Avoid fines, penalties and other enforcement actions by regulatory bodies
- Mitigate risk involving internal investigations, external audits and lawsuits
- Reduce compliance related costs and recurring fees
Use your existing
archive and storage
David B.IT Manager
“Merge1 works wonderfully well – and is a most effective solution – for capturing our investment bank’s Symphony messages into the archive of our choice. Installation and managing the product is a breeze and the Globanet team is a pleasure to work with. We are grateful for Merge1 enabling Liberum to meet our US (FINRA, SEC, CFTC) and UK (FCA) regulatory compliance obligations.”