There’s no shortage of data in the utility industry. What is in short supply are experts who have the insider knowledge to help utilities thrive in the future by unlocking the full potential of their data today.
As the only full-service SAP consulting and solutions company focused exclusively on utilities, Utegration can position your company to capitalize on advances in artificial intelligence, machine learning, smart grid technologies, IoT, and the future of customer experience.
Jan 28, 2021
Eighteen months ago, the Federal Energy Regulatory Commission (FERC) announced its adoption of the Extensible Business Reporting Language (XBRL) standard for energy company submissions of Forms 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 6-Q, 60, and 714.
Sep 3, 2020
Public utilities provide essential and critical services to consumers, businesses, and societies. These services require advanced technologies and intensive investments. To ensure the high quality of services, public utilities are encouraged to continuously invest in utility assets; and within the investment, a large portion is to retire or replace aging assets.
Sep 3, 2020
Ending years of varying interpretations and uncertainty, the Financial Accounting Standards Board (FASB) and the Federal Energy Regulatory Commission (FERC) have issued clear guidance on accounting for cloud-based Software-as-a-Service (SaaS) solutions.
May 25, 2020
Given the increasing scrutiny utilities are experiencing from regulators, Utegration advocates that customers running SAP proactively optimize their regulatory accounting models.
Feb 12, 2020
Once a utility has been on its ERP for a number of years, it’s not surprising that accounting processes and the financial data they generate become taken as givens. “That’s the way we do it,” is often heard when consultants ask about a utility’s way of using SAP Financials.
Nov 12, 2019
If increased automation drives efficiency, it stands to reason that manual processes create inefficiencies—and a big opportunity for improvement. In the utility space, the continued use of manual processes in the regulatory reporting process has served to create a gap that is just aching to be filled.