Case Study

Utilities

Optimize utility operations

Overview

With multiple proven national and corporate touch points in the Utilities industry, FlexSystem offers comprehensive cloud, on-premise and hybrid solutions to support the automation of transactional processes, together with the implementation of required controls and cross-application reporting for decision support and management activities across both traditional and emerging energy-focused entities. With a proven analytical capability that can leverage multiple types of data sources, our solution set provides the basis for you to gain deep insights into business operations at both balance sheet and P&L level, combined with knowledge of operational dynamics. 

Additionally, for investment companies, with ownership stakes across multiple countries, a single view of operations in both local and required currencies can be produced (for example, exchange reserves) with drill down by segment, subgroups, business nature and currency.

Supported by FlexSystem’s expanded solution suite of Financials, Trading, Workflow, Human Resources, Business Intelligence and IOT and with deep integration capability through APIs such as Open Banking, our solutions bring added value to utility-based organizations.

 

Below is a small sampling of FlexSystem solution for Utilities.

Utility Company

Background and Key Issues

An Integrated Water and Environmental Company with over 17,000 employees and more than US$2B revenuem operating across Asia and Europe, currently faces key issues as below:

Needs and Challenges

01.Adopt market oriented approach for corporate development
02.Produce consolidated and management reports faster
03.Maintain ability to handle large transaction volumes
04.Efficiently handle water related audit practices
05.Drive fact driven strategies through recording to reporting
06.Handle rapid growth of hundreds of subsidiaries
07.Improve process for implementing efficiency measures within regulations

FlexSystem Solutions Applied

Financial Consolidation

Automated repetitive data input and complex fiscal consolidation treatments (including FX handling), significantly reducing friction in multi-entity consolidations for hundreds of subsidiaries.

Financial Query

Provided quick access to valuable information and enabled detailed reporting at various levels, supporting the need for fact-driven strategies and better controls.

Benefits and Results

Shallow learning curve with spreadsheet interface

Quick access to valuable information

Accurate and traceable fiscal consolidation treatments

Significant reduction in time for issuing Notes to Accounts

50% reduction in staff requirements

Detailed reporting at various levels

Easy cross-checking of account balances

Improved quality of information for fixed assets, intangible assets, segments, and other notes

Easy access to financial statements by sub-group classifications

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What Happens Next?

1
We schedule a call at your convenience
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We do a discovery and consulting meeting
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3
We prepare a customized proposal

We’re happy to answer any questions you may have and help you determine which of our services best fit your needs.