Utilities Finance Automation
The Challenge
A utility company’s finance team required 7 days to complete the monthly close cycle. Creating over 850 management reports alone took two full days each month. Multiple other close processes also required significant time and manual data entry.
Our Approach
We automated the process using SQL, Excel, VBA, and Hyperion Essbase. In addition, multiple other month-end close processes were automated using Excel and VBA automation, removing the need for data entry of any kind.
The Outcome
Reduced monthly financial close cycle from 7 days to 4 days
Automated creation of 850+ management reports (2 days → 30 minutes)
Multiple additional month-end close processes automated with zero manual data entry
Significantly reduced overtime and improved reporting accuracy
Month-End CloseUtilitiesFinance Automation
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