Case Study: One of the Largest U.S. Utilities achieves rapid ROI and eliminates spreadsheet-driven accounting risk with PowerPlan

Large United States Utility Improves Construction, Asset and Tax Accounting Processes With PowerPlan

Large United States Utility, one of the largest energy T&D companies in the U.S., faced extensive risk and inefficiency from over 200 spreadsheet-driven capital accounting processes around its SAP ERP. The utility needed scalable, automated capital accounting and IFRS-ready functionality and selected PowerPlan, deploying PowerPlan’s suite of solutions to replace manual processes and protect its SAP investment.

PowerPlan implemented an automated capital accounting solution that integrated with SAP, eliminated more than 200 spreadsheets, and automated asset unitization, depreciation, order settlement and tax-basis reporting. The deployment delivered rapid ROI—an immediate $2.5M benefit over total cost of ownership, an additional $500K annual savings from reallocated overhead and timekeeping, more than 100% return in under a year, orders closed up to 60 days faster, and materially reduced accounting and compliance risk.