The transformation of the energy industry is in full swing. The transition to climate-neutral energy systems, advancing digitalization and the reassessment of existing requirements mean that the players in the business areas are under considerable pressure. The demand from private households for self-sufficient electricity production and a reduction in dependence on fossil fuels is also contributing to this. Changes in energy demand and geopolitical events, such as political instability or conflicts in key regions and natural disasters, pose ongoing challenges. Technological innovations, political influences and, in particular, legal requirements are also highly relevant. These can also occur at very short notice in the form of drastic regulatory measures such as temporary tax rate cuts, energy price brakes or emergency aid. All of these challenges must be overcome in the future.
Significant projects such as the energy transition, digitalization and e-mobility also require special attention. Successfully overcoming these challenges requires a clever combination of innovative technologies, strategic planning and a continuous willingness to adapt.
Adaptability and agility are crucial
In the face of economic uncertainty, finance managers must act with foresight. Adaptability and agility in finance are crucial to be able to react quickly to changes. Taking precautions for unforeseen events requires innovative approaches and new ways of doing things. At a time when technologies such as smart metering, smart grid and dynamic tariffs are advancing, they enable not only transparent billing data, but also real-time, data-driven accounting.
By using this real-time data, companies can plan and control their budgets more efficiently, allowing them to react more flexibly to market changes and thus forming the basis for intelligent, economic decisions. The immediate recording of the financial situation enables companies to make well-founded decisions. The entire accounting process is available ad-hoc at any time, for any period and at any level of detail. The integration of general ledger and subledger systems enables a more transparent presentation of cost structures and makes it easier to adapt to new price regulations. An end-to-end view is a decisive advantage, as the process is accompanied from start to finish from the customer's perspective.
End-to-end process optimization with a holistic approach
In this area, we offer customized solutions for our clients. Our strengths lie in the technical mapping of processes in accounting and controlling, the mapping of accounts and postings, as well as interface forwarding to financial accounting. A holistic approach is fundamental to the successful transformation in our projects - both in terms of an end-to-end view across all areas of the company and with regard to the harmonious interaction of the three elementary influencing factors of people, processes and systems.
Our services
- Expert advice on the optimization and automation of end-to-end processes
- Strategic consulting in various areas with a focus on finance, taxes, balance sheet accruals and deferrals (BilA) and the general ledger/subledger interface
- Accounting accruals and deferrals including peripheral and follow-up processes in accounting and controlling
- Recording functional requirements and supporting their technical implementation
- Support and testing during the transfer of postings from the subledger to the general ledger
- Data analyses with regard to errors in the finance area, root cause analysis, evaluation of the technical effects and implementation of test cases including documentation
In addition to providing specialist energy industry advice, we also advise on technical challenges together with the experts from the Technology Strategy & Transformation team.
