Case Study

Large United States Utility Improves Construction, Asset and Tax Accounting Processes With PowerPlan

Large United States Utility Improves Construction, Asset and Tax Accounting Processes With PowerPlan

Pages 4 Pages

“ The ROI was helpful in justifying the investment but wasn’t the primary driver for PowerPlan. We just couldn’t continue to take the risks associated with spreadsheets, customization, and manual processes.” Vice President Internal Audit One of the largest utilities in the United States embarked on an ambitious initiative to transform its accounting operations. Its primary objectives were to: • Improve business operations by simplifying and streamlining capital accounting processes • Eliminate manual and spreadsheet-based accounting efforts that surrounded their existing SAP ERP in the capital accounting process • Improve cash flow • Prepare for changes to International Financial Reporting Standards (IFRS) The company resolved to replace its manual and paper processes s

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