Case Study: Seminole Electric Cooperative eliminates software customizations with PowerPlan

Leading Seminole Electric Cooperative cuts month-end close from 7-10 days to hours with PowerPlan

Leading Seminare Electric Cooperative, a generation and transmission utility, was managing its project and asset accounting with an outdated, heavily customized system that was difficult to upgrade. Faced with their software version going unsupported, they needed an off-the-shelf solution to modernize their financial reporting and eliminate these customizations. They sought a robust system from a vendor like PowerPlan to handle their unique utility needs, including group depreciation, without requiring further modifications.

The solution was implementing PowerPlan's cloud-based project and asset accounting system. This eliminated all software customizations, drastically shortened the month-end close for property accounting from 7-10 days to just a few hours, and tightened the asset structure by 30%. PowerPlan provided Seminole with a successful first cloud implementation, streamlined processes, and improved standardization, giving the team confidence in their data and freeing up resources for further modernization.

Leading Seminole Electric Cooperative