Compliance with today’s more stringent audit requirements and SOX 404 pressures has elevated a standard World Energy practice to the status of critical customer benefit. For years, World Energy has provided an audit quality record of all parts of the procurement process. We leverage the all-in-one technological support of our exchange platform into an unparalleled record of activity to help clients deal with various types of compliance issues. At the conclusion of each transaction, World Energy will provide a summary of the transaction, a copy of the statement of work, the RFP, teleconference notes, benchmark analysis, market reports, executed contracts, bid prices, and clearly identified submission times and lowest bid prices. The platform provides an automatic audit trail of time-and date-stamped bids and bidder information for each participating supplier, including information on whether multiple bidders participated for the same supplier. The combination of our technology and our well-honed process has enabled World Energy to enjoy a protest-free track record. No World Energy procurement has ever been protested. |
