About Excelerate Energy

Excelerate Energy is a leading US LNG company with a global presence, committed to enhancing energy security and supporting the energy transition worldwide. The organization is transforming markets from Boston to Bangladesh with cleaner, more affordable, and reliable energy solutions.

The company provides flexible, fully integrated LNG solutions that remove roadblocks typically hindering gas and power projects in global markets. Their comprehensive services include Floating Storage and regasification Units (FSRU), LNG Terminal Services, and LNG Marketing, empowering countries with energy independence.

Headquartered in The Woodlands, Texas, Excelerate Energy is integral to global decarbonization efforts while maintaining a significant workforce across multiple countries. Their commitment to operational excellence and global energy transformation requires efficient and adaptable internal processes, including compensation management.

Before Compport: What challenges did Excelerate Energy face?

Labor-intensive manual processes 

The HR team spent excessive hours on repetitive administrative tasks, particularly in creating and distributing compensation letters. This manual approach consumed approximately two business days per country for each letter style, significantly impacting team productivity.

Limited budget management 

Budget tracking was handled offline, making maintaining real-time visibility into spending across different countries and departments challenging. This created challenges in preventing budget overruns and ensuring cost control during compensation planning.

Security and access concerns 

The manual distribution of compensation information via email and spreadsheets created confidentiality risks. Without a structured system to manage permissions, ensuring the right people had access to the correct information was challenging and error-prone.

Lack of analytical insights 

Managers lacked access to market data and comparative information necessary to make informed compensation decisions. This limited their ability to strategically position employee compensation and implement advanced compensation strategies.

How did Compport Solve These Challenges?

Compensation planning became faster, more intelligent, and strategic 

Compport's smart algorithms transformed compensation planning from a manual process into a strategic advantage. This intelligence allowed Excelerate Energy to implement more sophisticated compensation approaches, including introducing lump sum payments based on pay positioning for the first time. The automated features made the process faster and improved the compensation strategy with more informed decision-making.

Systematic budget enforcement 

Compport's built-in budgeting features enforced spending limits at every level, preventing attempts to exceed allocated budgets and providing real-time visibility into financial impacts across the organization.

Enhanced analytics for decision-making 

Compport provided managers with critical market data and analytical tools, enabling them to make strategic compensation decisions based on data rather than intuition. This new capability even allowed the company to introduce lump sum payments.

Secure access management with SSO 

Single Sign-On integration streamlined access while maintaining strict confidentiality controls. The system's permission structure ensured users only saw information relevant to their role, eliminating the risk of data exposure incidents.

Automated letter generation and distribution

Compport eliminated the need for manual mail merges and individual email distribution of compensation letters. The system automated letter creation and delivery, turning what was once a multi-day process into an instant operation.

Results

Dramatic time savings 

The implementation of Compport significantly reduced administrative time for the HR team. Tasks that previously took multiple days now happen automatically, allowing the team to focus on more strategic initiatives.

Improved budget control 

The system's enforcement of budget constraints at every level has provided better financial management and eliminated off-budget compensation decisions.

Enhanced security and compliance 

With proper access controls and comprehensive audit trails, Excelerate Energy gained confidence in the security and compliance of its compensation processes, eliminating security concerns.

Advanced compensation strategies 

With better data visibility and market insights, the company was able to implement more sophisticated compensation approaches, including the introduction of lump sum payments based on pay positioning.

Rapid implementation 

Compport's highly configurable nature allowed for a speedy implementation, from project initiation to full deployment in less than three months.

Ready to transform your compensation process? 

Request a demo with Compport