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Financial Management Solutions 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 CCH Tagetik Cloud. With a unified approach to operational performance, financial performance and regulatory reporting, CCH Tagetik makes it easier to meet the diverse financial management and reporting demands you face every day, and surpass them with ease.


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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

CCH Tagetik's unified performance management solution for Power & Utilities delivers

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 CCH 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

Project owners can add projects, enter tasks and assign work, without burdening system administrators. They can then create models to optimize costs and capital structures and play out the results on the P&L, cash flow and balance sheet.

Production & Capacity Planning
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Production & Capacity Planning

Understand the resource requirements and capacity constraints that impact production, supply and your ability to meet demand. Model operational drivers to see how they affect sales, distribution and delivery. Play out scenarios to see how margins, profitability and cash flow change. Choose the best outcome to optimize the production mix.

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Cash Flow Planning & Forecasting
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Cash Flow Planning & Forecasting

In order to keep on the lights, power and utilities companies always need to know their true cash position. Down to the budget line item, CCH Tagetik automates the cash in, cash out impact of changes to projects, plans and capital in real-time so decision makers have the background they need. 

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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

CCH Tagetik’s fast close shaves days off the time it takes to close the books. In a single system for all financial processes, create journals and adjustments and manage intercompany data. When figures change, reports update automatically.
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Regulatory Reporting & Compliance
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Regulatory Reporting & Compliance

With financial intelligence and pre-packaged regulatory reporting, spend less time preparing reports and meet deadlines easily.  CCH Tagetik automates the creation of your statutory reports. Prepare disclosures according to multi-GAAP (IAS, IFRS, US GAAP, local GAAPs) and more. Create reports using local requirements but also consolidate group statements using a global regulatory language, without altering source information, like interest rates or currency.

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Reporting & Analytics
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Reporting & Analytics

Packaged templates, drag-and-drop dashboards, custom reports, interactive visualizations and more. CCH Tagetik’s reporting toolkit was created so that non-financial and non-technical users can easily generate the analytics they need to analyze performance.

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More specific Requirements

CCH Tagetik for power & utilities



IFRS 15 IFRS 16

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


HSE

Consolidation

Read the Case Study

Enel

Disclosure Management

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

On Demand Webinar

On the move for IFRS 15 and 16. How to be compliant with no disruption.

In this webinar, senior IFRS consultant, Tom Borsboom will dig deep into both IFRS 15 and 16. He’ll discuss the coming requirements, the impacts your systems will face, and how your company can leverage CCH Tagetik for a smooth, non-disruptive solution.

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