Utility Stakeholder Examples
HPC America’s Utility Financials Accelerator software solution is designed to benefit multiple stakeholders within utility companies, including executive management, finance and accounting, information technology, and operations.
|Stakeholder||Your Current Challenges||How We Help You|
|Executive Management||You live and breathe compliance because there’s so much at stake: your organization’s overall heath, your team’s focus on growth, and your own liability and reputation.|
Some of you have already implemented SAP and the IS-U/FERC module. While you thought it would do everything necessary for ratemaking and regulatory reporting, in practice it falls short of what agencies like FERC, RUS and NARUC demand these days. As a result, your team can’t give you the data you need on-demand.
Others of you bought IS-U/FERC, but it’s only on a development server, or maybe still on the shelf. That means proper regulatory reporting entails even more work.
No matter what your situation, the periodic federal and state audits you face are unnecessarily nerve-racking. You’re never quite sure what they’ll turn up.
|Utility Financials Accelerator addresses all of the compliance issues that keep you up at night. It gives CEOs the confidence to sign off on quarterly and annual financial statements, and provides CFOs with the fully supported numbers they want—and regulators require—for audit purposes.|
Utility Financials Accelerator also helps you with rate case support, by making all of your costs transparent and easily traceable. You’ll not only reduce the risk of fines and/or loan covenant recalls, but also streamline the process of securing approval from federal regulators and your local government representatives.
|Finance/Accounting Management||As much as you like the benefits SAP offers—real-time financials and integration with work management—you miss the regulatory views that your prior system offered. To provide your CFO and Controller with the reports they need, your analysts have developed work-arounds and put in plenty of manual effort transferring data from SAP to Excel. While this process works (or maybe it doesn’t), it leaves you vulnerable to errors and diminishes the time you have to analyze your data, let alone make better business decisions from it. Imagine what you could do with your current resources if you could quickly extract and format all of your costs—from generation, transmission, and distribution, to customer service, administrative, and maintenance—in FERC-compliant reports.||Utility Financials Accelerator eliminates all of the manual work you currently undertake to get your data in the required regulatory formats. Once it’s installed, you’ll be able to assess costs in a regulatory view and answer management’s questions quickly. With greater time for analysis, you’ll be better able to make solid recommendations and assist management in making smarter business decisions.|
|Information Technology||Your department is likely stretched pretty thin these days. There’s more scrutiny on the cost of technical resources, and an increasingly do-more-with-less mentality. The organization’s requirements for SAP-related support are so high, however, that it’s difficult to pull the FTE you may have had to dedicate to maintaining the utility’s databases and assisting finance and accounting with their monthly data gathering processes.||Imagine an SAP reporting infrastructure that doesn’t require you to modify database tables and answer frantic calls from Finance on a regular basis. Utility Financials Accelerator delivers just that; it’s written in ABAP and hooks into SAP via BADI, with no modification of your current installation required. You’ll be able to continue using SAP as you do today, and Finance will gain greater independence with zero risk to the organization’s data.|
|Operations||As an Engineering Supervisor or Field Planner, you and your team spend way too much time manually entering work order information into SAP. Accounting reminds you regularly how your activities all have “regulatory significance” because functional locations are mapped to regulatory indicators. System Planners, Estimators and Engineers try to do it all correctly, but sometimes they’re moving fast and just check off the first box on the list—they’re focused on completing service calls and getting customers back in action, not accounting nitty gritty. You wish there were a way to minimize the amount of paperwork and electronic reporting, while still giving Accounting what it needs.||Utility Financials Accelerator does exactly what you need to keep your team focused on service calls and satisfy Accounting. It enables field staff to submit work orders in their language, which are then mapped automatically to the proper accounting and regulatory terminology. Once we configure it with your team, you’ll never have to worry about nagging calls from your colleagues again.|
To discuss your organization’s needs and to schedule a demonstration of Utility Financials Accelerator, please contact us online or call us at (925) 831-4765 or toll-free at (800) HPC-9392.