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
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