Case Study: Proteus Power achieves GAAP-compliant multi-currency accounting with Gravity Software

Proteus Power manages multi-entity accounting with Gravity Software

Proteus Power, a renewable energy developer, struggled with managing multi-currency and multi-entity accounting for its 12 projects using QuickBooks, which was not GAAP compliant. Their head of accounting, Sofia Lambros, needed a solution to handle inter-company transactions, maintain separate balance sheets for each project, and produce consolidated financial reports for investors.

By implementing Gravity Software, Proteus Power gained a multi-entity platform that streamlined its accounting processes. The solution provided GAAP-compliant multi-currency handling and saved hours each week by eliminating manual data entry. This gave the company greater confidence in its financial reporting and positioned it for future growth.

Proteus Power

Sofia Lambros

Head of Accounting