UTILITY SOFTWARE SOLUTIONS

Utility Financial Management Software with Microsoft Dynamics 365 Finance providing General Ledger, Accounts Payable, Credit and Collections, Accounts Receivable, Bank Management, Fixed Asset Management and Financial Reporting. Financial Dimensions such as Department, Division, Project to allow for both capture of financial transactions and multi-segment reporting for Utilities. Inter-company transactions and multi-company Financial Consolidation. Out of the box financial reports available at an entity level and consolidated level including

- Balance Sheet

- Profit and Loss

- Rolling Forecast

- Cash Flow Statement

Ability to drill down from a financial report to individual transactions. Statutory localisations for over 40 countries with Microsoft Dynamics 365 for Utilities.

Manage a Utility and Energy business with Robust Purchasing Software. Vendor Management, Vendor Certification, Run Open, Blind and Closed RFx/ RFP/ RFI sourcing processes. Procurement limits by department to ensure compliance with spending limits. Encumber funds for spending later. Integrate Budget controls in your procurement processes including the Purchase Requisition Transactions, Purchase Orders and Vendor Invoices to ensure your spending is within department budgets.   

Purchase Agreements to track spend on an awarded Bid with ability to have multiple Purchase Orders under a single Vendor Agreement.  Support for a Vendor Portal for Vendors to electronically communicate with your organization including accepting, amending purchase orders sending shipment notices electronically.

Utility Project Accounting  to manage Capital Expenditure such as new distribution sites or power plants as well as Operational Expenditure such as repairs. Manage Project budgets and spending. Track Multi-Year projects that cross financial years. Award Projects to one or more vendors. Track vendor costs, internal labor hours, materials and track Project Budget to Costs.  Maintain project cost control by summarizing actual cost, committed cost, and remaining budget to accurately forecast total expected cost, and compare with the original budget.  Fully Integrated Time sheets that capture labor costs into your Projects for accurate project costing and accounting.

 Lease Administration for Utilities with Microsoft Dynamics 365 Finance ERP. Ability to categorize leases into Operational Leases and Finance Leases with Microsoft Dynamics 365 Finance ERP and ensure compliance with FASB Leases (ASC 842), ASC 840, IFRS 16 and IAS 17.  Setup Thresholds for  Short Term Leases and Low Value Leases (P&L impact only).  Automate lease calculation  of a lease’s present value/ fair value, and its subsequent processes such as future lease payments, amortization of lease liability. Support for financial leases, right-of-use assets, their depreciation and expense schedules. Integration with General Ledger, Accounts Payable, Purchasing and Fixed Asset modules. 

Employee Portal Software tailored for  Utility Staff to view and update personnel information, contact information, emergency contacts. Ability for team members to view accrued leave balance by absence leave type,  submit leave requests, and enter expense reports and time-sheets. Managers can view team members information, view and approve leave requests and expense reports.  Telecom staff members have the ability to view available training courses and enroll in them

Budgeting and Financial Planning Software for Utilities provides Long Term Forecasting, Financial Projections, Annual Budgeting and Track Budget to Actuals. Forecast Personnel Positions, Salary Increments as well as Operating Expenditure Budgets. Plan for Capital Expenditure with detailed cost estimates for vendors costs, equipment, labor, material and track CapEx Budget to Actuals once approved. Forecast Long-term Expenditures and enable Capital Planning.