SAP for Utilities 2016 Conference

This coming October, HPC America will exhibit at the 2016 SAP for Utilities conference, where

we'll be speaking with utility finance, accounting, rates, and work management professionals about the challenges they face and the benefits that HPC has delivered to utility customers over the last 20+ years.

HPC is an SAP Financials, Regulatory Reporting, and Work Management expert dedicated to utilities since 1994. Our latest innovation for SAP S/4HANA delivers next-generation utility accounting: transaction-based regulatory reporting, automated line-item adjustments, unmatched cost flow transparency, one version of truth between GAAP and FERC/NARUC, and, ultimately, stronger rate case positions.

Learn more about HPC's solutions, services, and SAP-related resources for utilities, and contact us to schedule a meeting prior to the SAP for Utilities conference.

Reverse FERC Drill-Down in SAP

As cost flows become more complex, utilities today often find it challenging to trace costs in adequate granularity from sender to receiver—and in reverse to more easily explain costs to regulators. HPC America has pioneered an accounting approach that enables unmatched forward and reverse FERC drill-down transparency.

Our “CO-centric” design for utility financials leverages the Controlling module’s rich secondary cost

data, and our Utility Financials Accelerator and Cost Flow Forensics software provide the most detailed forward and reverse translation of costs. In a forward translation, an original charge is split to one or more FERC accounts. HPC CFF indicates which portions of these original transactions trace to each FERC account. Likewise, in reverse, HPC CFF traces each FERC account to the portions of the original transactions, thereby explaining each dollar amount in FERC accounts by the natural account amounts entered. Our CO-centric design creates a trail of sender/receiver handoffs, and HPC CFF plays this back in a FERC context.

Learn more about modern utility accounting on SAP, and contact us to discuss your own challenges around tracing costs and the FERC drill-down.

2016 SAP Controlling Conference - Fleet Accounting and more

HPC America is pleased to announce that we'll be exhibiting and presenting at this year's SAP Controlling conference in San Diego, September 13-14, 2016.

During the event, HPC CEO Jerry Cavalieri will lead a session on Fleet Accounting best practices in SAP. We'll also be demonstrating our cost adjustment solution for SAP, the HPC Journal Entry Transfer Solution (JETS), which streamlines the process of making high-integrity line-item corrections to mischarged orders, cost centers, and other cost objects directly in the SAP ERP.

Prior to the conference, you can learn more about fleet accounting in SAP and contact HPC America to schedule a meeting.

Electric utility increases FERC reporting flexibility and labor burden transparency in SAP

"Regional Utilities" is an electric utility company serving 60,000 delivery points in the United States.

In anticipation of its 2016 rate case, RU saw an opportunity to improve its SAP Financials foundation before beginning the significant effort of prep and filing.

To that end, RU engaged HPC America to move regulatory accounting (SAP FERC) into its SAP ERP, and to implement a new fixed overhead design for greater labor cost transparency and efficiency. "HPC's understanding of both SAP and the business of a utility was exactly what we needed to start this project with confidence," said RU's Controller. Read the complete case study.

SAP S/4HANA Readiness - 6 Tips for Utilities on SAP

Today, many utilities are looking into SAP S/4HANA carefully, trying to understand their options and the implications of different approaches to the new, in-memory platform. Concurrent with this research, customers ask us if they should take on new ERP projects while waiting on S/4: “What should we do, if anything, before we’re ready to move to S/4HANA? What are some specific S/4HANA readiness steps?”

While it’s tempting to stay in a holding pattern, we see a number of ways that utilities can prepare for S/4HANA and gain immediate benefits to their existing SAP ERP. Request your copy of our latest CXO Guide to get six S/4AHANA readiness tips that have value even if you don’t move to S/4 for several years—nothing is throwaway work.

Business case for SAP® S/4HANA for utilities on SAP

At HPC America, we've been championing SAP ERP modernization for many years, primarily in terms of Financials and the regulatory reporting obligations with which U.S. utility companies must comply.

 

Now that SAP S/4HANA is available, the business case for updating your ERP is even stronger—especially if you've been tolerating sub-optional performance from your ECC 6.0 system and old business processes.

We see at least six reasons to move to S/4HANA. To learn more, request your copy of HPC's CXO Guide to SAP for Utilities, Building the Business Case for SAP S/4HANA.

Resources for utilities on SAP®

HPC America is pleased to announce a new repository of resources for utilities on SAP. This page centralizes our variety of customer case studies, solution data sheets, FAQs, white papers, and other resources for utility companies on the SAP ERP.

Whether you're running ECC 6.0 or S/4HANA, these documents will provide insights and real-world examples of SAP Financials and Work Management best practices for utilities on SAP. Visit our new resources page for utilities on SAP.