Tagetik Cloud for Power & Utilities

Utilize your data to power business insights



Environmental and regulatory challenges keep coming. And technology marches on, with new metering, monitoring, billing and customer service models continuously emerging. Amidst all this, you must keep your eye on your organization’s financial operations — integrating corporate performance management processes, improving analytics capabilities, and accelerating reporting cycles.


That’s why so many power and utilities companies turn to Tagetik Cloud. With a unified approach to operational performance, financial performance and regulatory reporting, Tagetik makes it easier to meet the diverse financial management and reporting demands you face every day, and surpass them with ease.

Power & Utillities
Tagetik Cloud for Power & Utilities Benefits

Benefits


Modernize legacy products

Modernize legacy products with single solution that supports all corporate performance management processes

Faster

Automated data entry ensures fewer errors and time-consuming manual processes

Optimize financial processes

Optimize financial processes with integrated financial planning to see the potential effects on profitability, bottom line and cash flow

Maximize market value

Maximize market value, reduce operating costs and manage capital investments

Monitor and improve performance

Monitor and improve performance of business units (gas, electric, etc.) using ABC analysis and other cost allocation methods

Better manage production

Better manage production facilities and investments by measuring OPEX and CAPEX

Tagetik unified corporate performance management software solution for the Power & Utilities industry

Strategic Planning & Forecasting
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Strategic Planning & Forecasting

Simplify the strategic planning and annual budgeting process with a single source of financials using Tagetik's unified budgeting, planning, forecasting and modeling solution. Align with operational plans across divisions, technology (thermal, wind, hydro), segments (consumer, corporate, regions) and others.

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Project Planning
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Project Planning

Empower users to add and manage their own projects, thereby freeing administrators from loading, entering or assigning work. Model and manage projects, optimize costs and capital structures and see how changes affect the P&L, cash flow and balance sheet.

Production & Capacity Planning
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Production & Capacity Planning

Understand resource requirements and capacity constraints that impact production, supply and meeting demand. Optimize the production mix by modeling operational drivers that impact sales, distribution and delivery to see the impact on margin, profitability and financial performance, including cash flow.

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Cash Flow Planning & Forecasting
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Cash Flow Planning & Forecasting

Tagetik provides double entry logic and automates the cash in/cash out impact of budget line items. When plans, capital, exchange or interest rates change, Tagetik instantly updates cash flow plans and forecasts so decision-makers can quickly assess the net business impact.

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Cost Allocation & Profitability Analysis
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Cost Allocation & Profitability Analysis

Allocate direct and indirect costs to any level of detail to more accurately analyze profitability by grid, project, region or channel. Use cost allocation methods to assess profitability by business division (hydro, electric) and department (marketing, sales).
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Seamless Close-to-Disclosure
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Seamless Close-to-Disclosure

Cut days off the monthly close cycle and accelerate management and external reporting with a single solution. Confidently manage and control journals, adjustments, intercompany eliminations and reconciliation, then seamlessly produce disclosure reports that provide drill-down to the underlying data.
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Regulatory Reporting & Compliance
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Regulatory Reporting & Compliance

Automate regulatory reporting – from SEC filings, FinRep/CoRep to multi-GAAP (IAS, IFRS, US GAAP), others – and spend less time preparing reports and more time analyzing the information. Tagetik quickly complies with updates so you are futureproofed for both revised and new regulatory mandates.

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Reporting & Analytics
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Reporting & Analytics

With easy to use, packaged templates, all contributors - including non-financial and non-technical users - can report on key metrics and performance with Tagetik’s reporting toolset. Create custom reports, interactive dashboards, visualizations and ad hoc analytics - without depending on IT.

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Tagetik Software is trusted by leading companies in the Power & Utilities  industry


HSE

Consolidation

Read the Case Study

Enel

Disclosure Management

Watch the Video

Viesgo

Consolidation on cloud

Tennet

Consolidation, Budgeting, Planning, Disclosure Management

Sorgenia

Budgeting, Closing, Consolidation, Cash Flow Planning, Reporting, Disclosure Management

Severn Trent

Consolidation, Regulatory Reporting, CDM (on cloud)

Testimonials

Customer Quotes

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Discover your company’s ROI on Budgeting, Planning, and Consolidation Software

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