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Financial Planning for the Utilities Industry

The Column5 Utilities RDS for BPC provides the ability for organizations to plan down to the Activity-Type-Price associated with IOs and WBS elements. Two primary working models include one for Drivers and Global Assumptions and another for the step-by-step Annual Planning (Budget) or Forecasting process.

Challenges Met

The need to collaborate and coordinate across multiple departments to generate a plan.
The use of stand-alone, manually prepared spreadsheets that lack workflow and are difficult to maintain while failing to provide capabilities like ‘what-if’ and visibility into risk.
Time consuming, error prone and lacking sufficient detail making it difficult to plan when needed and respond to changing organizational and business conditions.

Deliverables

Ability to model and plan utilities business processes for revenues and costs.
Ability to model and plan with the core business drivers for a utility organization.

Business Benefits

Providing Direct Costs, IOs and WBS Elements with resource planning, activity-type-price build up - charge out.
Giving people access to the planning capability they need through a familiar interface.
Integrating workflow across multiple departments and driving collaboration between all the stakeholders.
Expansion capabilities easily achieved through a modular business platform and technically integrated RDS design.

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