Regulatory Accounting for Utility/Energy industry

Tagetik 3.0 helps utilities and power companies comply with changing national and local accounting requirements. Rich planning functionality, analysis scenarios and management control features, in particular, support companies in meeting today’s unbundling requirements. The seamless connection to transactional systems ensures accurate, traceable information, which can be verified at any point in the process. By creating a unified reporting foundation, financial professionals gain unprecedented flexibility and security while saving valuable time and cost in the process.

To support the Regulatory Accounting process for Energy/Utility Industry Tagetik 3.0 delivers:

• Management journals for unbundled activities
• Acquisition of balances from the transactional system
• Waste and Not Allocatable Positions for divisions
• Automatic generation of inter-division/inter-service eliminations
• Allocation of costs/revenues on common services
• Not Allocatable Positions and economic capital
• Balancing of income statements and balance sheets for each division
• Alignment of unbundled and consolidated balance sheets
• Comprehensive unbundling support (e.g. basic "what-if" scenarios, simulations and projections, analysis of costs and indirect price constraints)

» Learn about Acea's Regulatory Accounting project

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