Utility CFOs are continually working to maximize efficiency while identifying, prioritizing, funding, and monitoring strategic investments. In doing so, they must balance the activities of value preservation, such as governance, efficiency, and control, with the imperatives of value creation, including strategic and enterprise performance.
Achieving that balance—and supporting better enterprise performance—requires utility CFOs to turn chaos into insights. It also requires a depth of understanding and technology sophistication that extends well beyond any commercially available off-the-shelf solution.
From chaos to insights: Lessons from the real world
Many utility finance organizations face a chaotic systems landscape and master data that is not synchronized across the organization. These factors lead to additional effort in the planning cycle as Finance works to reconcile data across multiple dimensions. We have found that implementing an enterprise performance management (EPM) solution can help improve reporting and planning.
How KPMG can help
KPMG understands the unique considerations of regulated utility operations, including the critical role of planning and management capital investments. We have deep experience in the nuances of balancing the regulatory rate case with reporting and regulatory requirements, long-range planning and modeling, and the urgent need to optimize capital investments and performance and asset management.
We look forward to speaking with you about how you can start or advance your journey to better enterprise performance management.
About the KPMG Global Energy Institute
Launched in 2007, the KPMG Global Energy Institute (GEI) is a worldwide knowledge-sharing forum on current and emerging industry issues. This vehicle for accessing thought leadership, events, and webcasts about key industry topics and trends provides a way for energy executives to share perspectives on the challenges and opportunities facing the energy industry—arming them with new tools to better navigate the changes in this dynamic arena.