New client work: SAP New GL prototyping for utility

We're pleased to announce that HPC will be starting a new project for a utility in the Midwest that intends to improve its financial reporting and gain more robust regulatory reporting. We'll help our client achieve this by exploring the impact of a transition from the classic FERC module to the SAP New General Ledger, which supports functional accounts by production, transmission, distribution, maintenance, A&G, customer accounts, and cost of energy.

HPC will also lead the prototyping of new master data such as cost centers and orders; the redesign of profit centers to enable business segment reporting; and the design of cost flows and overhead allocations. Through this modeling, the utility will be able to visualize results prior to starting the actual migration to production. And that is the best way to prepare for New GL migration in a way that meets all stakeholders' requirements and eliminates nasty surprises.