Create and defend regulatory reports faster
The solution simplifies complex processes, so companies can be more than ready for the increased scrutiny. It provides utility and energy companies that run SAP S/4HANA the real-time picture they need to continuously monitor if they are on track to meet regulatory performance metrics and earn their authorized rates of return.
By Cognizant Technology Solutions U.S.
Overview
Achieve comprehensive regulatory accounting in SAP S/4HANA
The solution supports blended labor rates and automatically splits payroll burden from payroll costs upon posting, eliminating the manual task of separating payroll costs from regulatory accounts. This allows companies to achieve comprehensive regulatory accounting in SAP S/4HANA.
Provides real-time reporting of regulatory information in SAP S/4HANA
The solution enables real-time regulatory account derivation and real-time regulatory accounting. This further simplifies the general ledger account and cost flow design as well as allowing reconciliation between natural general ledger and regulatory account balances. This greatly improves transparency of cost flow and aligns planned and actual data.
Assign regulatory account information to every transaction
By linking regulatory account information to each transaction in real-time, the solution allows companies to easily create regulatory financial statements compliant to regulatory requirements such as Federal Energy Regulatory Commission (FERC) reporting.
Details
Solution type
APIs and Technical Components
Industry
Cross-Industry, Oil, Gas, and Energy, Utilities
Compatibility
Works with
Features
Trace cost flows
The solution enables tracing of detailed cost flow from original to final cost objects, or vice versa. The solution can also analyze high-level operations and maintenance as well as capital cost distribution across the enterprise.
Provide configurable regulatory account derivations
The solution provides configurable regulatory account derivation and enables splitting rules. This is achieved by blended labor rates and automatically splitting payroll burden from payroll costs upon posting.
Delivers prebuilt reports and real-time information
The solution includes pre-built reports, including real-time regulatory account derivation. It enables real-time regulatory accounting and simplifies general ledger accounts and cost flow designs to greatly improve the regulatory process.
