Finance

Simplifying FERC Reporting through S/4HANA in the Utility Industry

Simplifying FERC Reporting through S/4HANA in the Utility Industry

In the Utility industry, the Federal Energy Regulatory Commission (FERC) is the body responsible for public utility statutory authority. As a result, public utilities must be able to produce financial statements not only for GAAP, but also FERC. Meeting these regulatory requirements requires specific accounting and financial reporting that can be tedious, time consuming, and expensive.