FinAPU and kelag ag Success Story

The FinAPU risk management platform offers kelag a customised user solution for monitoring and precision analysis of issuers, markets and sectors. Branches relevant to the energy sector can be evaluated daily using the software and necessary instructions for action can be derived in real time. This allows the experts at kelag to minimise risks in the areas of generation, procurement, distribution and sale of grid-bound energy at national and international level.

Kelag risk manager, Dr Hannes Reiterer, spoke about the cooperation with FinAPU: “With FinAPU, for the first time we have a partner that enables us to manage the daily risks as an energy supplier within Austria and abroad in a group-wide and, most importantly, consistent way. The risk management system has a dynamic structure. This allows us to react quickly and appropriately to constant and rapid changes. This is exactly where FinAPU has impressed us compared to the well-known solutions currently employed by kelag and enables us to manage our entire credit risk portfolio efficiently and effectively!”

In addition to corporate, business and ESG sustainability data, the company’s own market and sector knowledge is combined with internal and external risk models for portfolio assessment, therefore allowing for a networked approach. Specifically established alert systems provide information about any material changes in the evaluation of competitors. The system also maps all work steps, is audit-proof and meets all of the regulatory requirements.

Mag. Karl Tasch, CEO of FinAPU: “We’re looking forward to further improving the data situation and content in close cooperation with kelag and the platform will be continuously expanded. With this individual solution, we’re able to offer kelag a comprehensive view of the overall performance of its own portfolio.”

Now that we’re working with kelag ag, FinAPU has gained another energy supplier as a customer in addition to VERBUND AG and TIWAG AG.