Carbon Accounting Exchange and Automation

One of the largest challenges that joint interest accountants and auditors face in complex clean tech projects is managing an overwhelming amount of data with limited resources. ITS is currently developing applications specifically with carbon credit accounting in mind.

ITS is a proud member of Foresight Canada’s EnergyNEXT program. EnergyNEXT is an innovation network of excellence organized on a platform with key energy players across the globe to share best practices and help transition to a clean economy. Brought to you by Foresight Cleantech Accelerator Centre in partnership with Eunike Ventures. This new open innovation model of “Realizing the Entrepreneurial Spirit” focuses on entrepreneurs, energy companies, paid pilots, and smart capital, which has included backing from large industry players such as Equinor, Hess, TechnipFMC, and Anadarko.

The clean tech applications for OnetrAiQ consists of several areas:

Increasing efficiency of transactions that provides executives insights in the JV and contract performance for better market prediction.
Automating the review of GHG accounting transactions to help companies achieve a better understanding of their GHG implications of joint ventures.
Validating carbon credits to the accounting and audit agreements.

For companies in the energy industry, ITS delivers technology and solutions to increase efficiency, accountability, and transparency, allowing organizations to aggregate data points that support and enable clean technologies.