Real World Results of Utility Financials Accelerator
HPA America’s Utility Financials Accelerator is currently in place at three utilities in the United States. In each case, it has delivered positive, substantive results for management, finance, and operations departments.
- Navajo Tribal Utility Authority (NTUA) owned SAP’s IS-U/FERC module, but like many resource-constrained utilities, did not have the internal knowledge to implement it fully. Faced with increasingly stringent reporting requirements from the Rural Utilities Service (RUS), NTUA looked to HPC America and its UFA solution to deliver the financial data required to satisfy regulators and enhance its daily operations. HPC completed the project ahead of schedule and under budget, and NTUA can now submit accurate RUS reports on time—and pull detailed P&L data on-demand. Read the full NTUA case study.
- Tacoma Power needed to catch up in delivering its FERC financial statements, and its SAP IS-U/FERC module was not configured optimally. HPC led a successful re-implementation of the FERC module and also installed its Utility Financials Accelerator solution. Now, Tacoma Power has a smoothly running FERC module and can close its books accurately in just 15 minutes each month. HPC’s solution also eliminated trace errors that plagued the prior system.
- Arizona Electric Power Cooperative (AEPCO) had not installed the IS-U/FERC module during its original go-live. As part of its upgrade to SAP ERP 2005, the company decided to implement the FERC module, but subsequently realized that it would not facilitate RUS reporting. AEPCO engaged HPC to implement Utility Financials Accelerator, which HPC configured to account for each of AEPCO’s power stations in a manner compliant with RUS Form 12 for generation utilities. As a result, executive management also now has clear monthly earnings reports that show net income in terms of functional activities such as generation, transmission, administrative and general, maintenance, and capital. Read the full AEPCO case study.
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