Adastra Corporation

Winning the regulatory reporting game

How can companies get a leg up with regulatory reporting? They can start by streamlining data collection and ensuring the accuracy of the data they collect. Adastra’s expertise with the Azure Data Platform enables them to reduce the cost of regulatory processing and preparation and to minimize potential fines from incomplete or inaccurate reporting. And their clients get a lot more. The improved data management and analysis help to generate new competitive insights. These insights enable strategic innovations, like fine-tuning manufacturing or re-allocating resources, and even refining a company’s marketing efforts.

Harnessing the power of Azure

In 2019, a national consumer retailer of electricity and natural gas commodities relied on more than 80 different applications that provided few business insights and created problems with regulatory reporting. The company needed access to a single source of information with a modernized and centralized data architecture. Adastra designed a scalable end-to-end solution using the Azure Data Platform, capable of high-volume data ingestion, machine learning, and AI processing. Integrated seamlessly with other Azure services, their application is a vital element of a company’s holistic data strategy.

The metrics of success

As reporting time decreases from two days to a couple of hours, confidence in the numbers improves exponentially, thanks to vetted processes that meet industry best practices. Easy access to financial and operational data from non-centralized business units provides crucial insights for business decisions and substantial savings over maintaining legacy systems. This modern data platform positions the energy retailer as a modern, data-driven organization with the ability to leverage data to achieve many competitive advantages, including proactive marketing with predictive analytics and optimized manufacturing with real-time analytics.