HPC America on Twitter

SAP FICO/FERC professionals at utility companies on SAP can now follow HPC America on Twitter to get our insights, customer case studies, and white papers on SAP Financials, Regulatory Reporting (FERC), and Work Management optimization.

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Utility Accounting Controllers Love

In anticipation of the SAP for Utilities conference coming up in two weeks, HPC has been thinking about what makes for truly exceptional utility accounting. After serving utilities on SAP for more than 20 years, we've learned that customers value—dare we say love—the following:

• A complete and accurate functionalized view of their financials
• No reconciliation issues between GAAP and FERC/NARUC/AWWA
• Meaningful data every day, not just at month-end
• Cost flows that are easy to understand and explain
• Financials straight from the ERP, without dependency on (waiting for) third-party solutions
• Field Ops free to focus on their work, not arcane regulatory accounting
• Highly defensible rate case data

To learn more about how HPC delivers utility accounting that Controllers love, look for us at the SAP for Utilities conference (booth #39) or schedule a meeting with us in advance. During the conference, we’ll not only discuss optimization of SAP Financials, Regulatory Reporting, and Work Management on ECC 6.0 systems, but also SAP S/4HANA adoption strategies and HPC's latest innovation for real-time regulatory financials on S/4.

Top Seven Things Your SAP FERC Reporting Solution Should Do

After spending a couple days at the SAP Controlling conference, we're reminded that utility accounting professionals are often unaware that regulatory reporting on SAP does not have to be opaque, error-prone, slow, or otherwise painful. Utilities that are relatively new to SAP may not have exposure to alternative ways of generating and managing FERC data; all they know are their own systems, which may not be configured to their full potential.

One way to test this is to see if your own SAP FERC reporting solution delivers key benefits of modern regulatory accounting systems.

Does Your SAP FERC Reporting Solution Do This?

1. Deliver all the data that Accounting and Rates need without Field Operations having to know anything about FERC
2. Assign regulatory indicators to work orders automatically
3. Translate natural to regulatory accounts automatically
4. Eliminate reconciling differences between FI, CO, and FERC
5. Help Accounting allocate common costs very easily and flexibly
6. Run fast without errors
7. Let Accounting reverse and rerun FERC quickly, anytime they want

If your current SAP FERC system doesn’t deliver these benefits, talk to HPC about it.

FERC Reporting on SAP S/4HANA - Updated FAQ

In the course of developing solutions on SAP S/4HANA this year, we've updated our FAQ about Regulatory Reporting (FERC) on SAP S/4HANA.

Whether your utility runs the SAP FI-RRU (“FERC”) module or a homegrown derivation- or transaction-based regulatory accounting solution on SAP to functionalize your GAAP accounts, this FAQ will provide some guidance on S/4HANA’s impact on regulatory reporting for utility companies on SAP.

This paper is for public and investor-owned utilities considering S/4HANA, and is ideal for Finance, Accounting, Rates, and IT managers with SAP FICO/FERC responsibility. Request the FAQ online.