Durante décadas, el estado financiero de una empresa fue la...
In today’s complex regulatory environment, organizations in the public utilities and energy sectors face increasing pressure to ensure compliance, streamline processes, and maintain complete transparency. One leading European company, generating €6.2 billion in annual revenues, operating with 12,100 employees, and serving 2.45 million customers, embarked on a large-scale transformation to achieve these goals.
This case study explores how the company successfully implemented a unified regulatory accounting solution — supported by advanced Corporate Performance Management Solutions — to meet stringent compliance requirements while reducing operational effort.
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The initiative involved a project size of 80 active users across 35 companies within the group. Each sector — including Energy, Heat and Services, Environment, Networks, and other divisions — operated with its own workflow model. Furthermore, distinct Risk Control Matrices (RCM) were maintained for each entity to meet sector-specific requirements.
Leveraging capabilities similar to the Best Financial Consolidation Software, the project’s scope centered on Regulatory Accounting for Public Authority (Unbundling), ensuring accurate cost allocation and compliance with regulatory reporting standards.
The company needed to address several operational and compliance challenges:
The transformation was driven by the adoption of a Unified Activity-Based Costing (ABC) Model, tailored to regulatory accounting needs. The model enabled:
This approach ensured complete trackability of data, actions, and reports, significantly enhancing the company’s ability to meet compliance obligations.
The implementation delivered measurable results:
The company is now able to manage regulatory accounting with greater agility, precision, and efficiency — ensuring that compliance requirements are met without adding unnecessary administrative burden.
This project demonstrates how a structured, technology-driven approach to regulatory accounting can transform compliance management in large, diversified organizations. By unifying workflows, standardizing risk control processes, and adopting a robust ABC model — supported by capabilities found in the Best Financial Consolidation Software — the company not only met regulatory demands but also enhanced operational efficiency.
For public utilities and energy sector companies facing similar challenges, investing in a unified regulatory accounting solution can be a decisive step toward ensuring compliance, transparency, and long-term sustainability.
