New Project: Automated SAP FERC Processing

This week kicks off a new project for another utility company on SAP. We're going to assess the utility's SAP FERC processes, many of which have become manual and are now conducted outside of SAP over the years. Our customer understandably wants to automate these labor-intensive steps, so we'll be considering a number of different ways to optimize their current configuration of the SAP regulatory reporting module and streamline its processes. 

We'll also take into account some related initiatives the company may undertake in the future -- such as leveraging Plant Maintenance further, utilizing the HR module, and migrating to the SAP New General Ledger -- and factor these elements into our FERC automation recommendations.

The net result of HPC's assessment will be a highly actionable report for the utility company. It will lay out several optimization paths to automate currently manual processes and to manage labor, fleet, and cost center costs more effectively within SAP, thereby minimizing the use of external spreadsheets and applications.

In our experience, many utilities that have been running SAP for years benefit from this type of rapid evaluation and action plan. Over time, the configuration of their FERC module and related business processes morph into something less than ideal, and the best way forward is an outsider's fresh look. If your regulatory reporting processes aren't easily managed within SAP, such that management can't get the data it requires quickly and efficiently, contact us to talk about your own assessment. And if you're considering a New GL migration as well, let's talk about prototyping it for you.