FERC Reporting Options on SAP

Utilities on SAP, learn everything about FERC reporting options on SAP S/4HANA and SAP ECC at next week's SAP for Utilities conference in San Diego. HPC America will share its 25 years of experience in utility accounting and the SAP ERP.

On Tuesday, Oct. 22 at 1:10pm, HPC's customer Salt River Project will present its case study about FERC optimization and preparation for migration to SAP S/4HANA. SRP implemented HPC Utility Financials Accelerator (UFA) in 2018 in order to eliminate reconciliation differences between GAAP and FERC, speed up the monthly trace, and improve other regulatory reporting processes and results. HPC UFA is a NetWeaver-based add-on software solution that eliminates the delivered FERC module's inherent limitations, and runs on both SAP ECC and SAP S/4HANA. Read the full SRP case study and learn more about HPC UFA.

HPC's latest software innovation is HPC DECIPHER, an add-on regulatory financials solution that is certified by SAP as integrated with SAP S/4HANA. HPC DECIPHER provides real-time reporting and takes full advantage of the line items in S/4HANA's Universal Journal (table ACDOCA). It translates transactions from natural to regulatory accounts as they are posted, eliminating period-end batch processes, and uses dedicated, parallel ledgers for full FERC details. HPC DECIPHER also includes comprehensive functionality for allocations, adjustments, and cost flow forensics directly in the ERP. Learn more about HPC DECIPHER for real-time regulatory (FERC) reporting on SAP S/4HANA.

To schedule a meeting with HPC at the 2019 SAP for Utilities conference, please contact us.

Case Study: Optimizing FERC Accounting for Utilities on SAP

In anticipation of its migration to SAP S/4HANA in 2023, Salt River Project engaged HPC America to evaluate its current SAP Financials processes and results, and to identify areas for improvement that would not only deliver immediate benefits, but also streamline the utility’s eventual transition to S/4HANA.

Hear SRP speak about its FERC optimization project at the 2019 SAP for Utilities conference

One particular area for improvement the team identified was around SRP’s FERC data: it was hard to understand and tie back to participation billing, and did not fully support audit and pricing processes. The data required for external audiences did not reconcile to the operational data used to create internal financial statements, and, as experienced by many utilities running the standard FERC module, the differences were difficult, if not impossible, to explain.

After the assessment, SRP engaged HPC to optimize its FERC model with HPC Utility Financials Accelerator (UFA) add-on software. HPC UFA eliminates the FERC module’s limitations, and runs on both SAP ECC and SAP S/4HANA. Five months later, SRP was ready to go live with its new FERC design. The project achieved all intended objectives and more: SRP’s balances by FERC account now match exactly—to the penny—its reports by order number, WBS element, cost element, and cost center, thereby making functionalized data far more intuitive for users to analyze.

Download the full SRP case study, hear SRP speak at the 2019 SAP for Utilities conference, and learn more about HPC America's accounting solutions for utilities on SAP.

2019 SAP for Utilities Conference - Meet HPC America

Meet HPC America at this October's SAP for Utilities conference to learn more about two key subjects for utility company IT, Customer Service, and Finance leaders:

1. Lessons learned from managing the first-ever—and only in-production instance of—SAP C/4HANA Service Cloud (aka, C4C) integrated with on-premises IS-U Billing.


2. FAQ about FERC reporting on SAP S/4HANA. We've got detailed pros and cons of four different options for regulatory accounting on S/4: the delivered FERC module, an optimized FERC module, a basic line item (real-time) model, and an advanced line item model.  

In addition, HPC's customer Salt River Project (SRP) will present our recent optimization of FERC on SAP Suite on HANA utilizing HPC Utility Financials Accelerator (UFA) add-on software (check out SRP's full case study, too). 

We're also going to walk conference attendees through the benefits of our latest regulatory financials solution, HPC DECIPHER, which is certified by SAP as integrated with SAP S/4HANA and helps utilities fully leverage the Universal Journal's capacity for continuous accounting.

Contact HPC America in advance to schedule an appointment with our utility industry experts and SAP solution architects. 

Salt River Project Simplifies FERC on SAP ECC and Improves Readiness for SAP S/4HANA

Salt River Project (SRP) is a community-based not-for-profit utility that provides reliable, affordable water and power to more than two million people in central Arizona. SRP has provided these essential resources for more than a century to meet the needs of customers and help the region grow. SRP has been on SAP since 2013, and currently runs SAP ECC 6.0 on Suite on HANA and BW on HANA.

In anticipation of its migration to SAP S/4HANA in 2023, Salt River Project engaged HPC America in to evaluate its current SAP Financials processes and results, and to identify areas for improvement that would not only deliver immediate benefits, but also streamline the utility’s eventual transition to S/4HANA.

After the assessment, SRP engaged HPC to optimize its FERC model with HPC Utility Financials Accelerator (UFA) add-on software. HPC UFA eliminates the FERC module’s limitations, and runs on both SAP ECC and SAP S/4HANA.

Five months later, SRP was ready to go live with its new FERC design. The project achieved all intended objectives and more: SRP’s balances by FERC account now match exactly—to the penny—its reports by order number, WBS element, cost element, and cost center, thereby making functionalized data far more intuitive for users to analyze.

Download the full case study to read all the benefits SRP now enjoys.