Emerging green technologies, ever-changing regulations, incoming consumer demands — the energy and utilities industry is in flux, but CCH Tagetik for Power and Utilities was built to help you adapt. Whether it’s determining expenditures for capital planning or fine-tuning costing to support regulatory rates, our solutions supports your needs by centralizing all corporate data — across departments, geographies, and projects.
CCH Tagetik gives you access to any kind of financial or operational data, even down to the kilowatt level, and enables you to plan according to any driver: wind, thermal, or electric. With data that automatically cascades into reports and our pre-built applications, you’ll ensure accuracy when complying with regulatory standards. Get the transparency you need to be confident in your disclosures with CCH Tagetik.
3 reasons why CCH Tagetik for Energy and Utilities let's you focus on your business
Comply with regulatory requirements and report confidently
Meet revenue recognition, lease accounting, regulatory bodies and disclosure requirements using our collaborative reporting tools and pre-configured compliance solutions.
Monitor investment choices and determine revenue requirements
Determine capital investments needed for short- and long-term revenue growth. Plan, forecast and model capital multi-year expenditures using built-in CapEx and project planning capabilities.
Manage and plan rate changes
Create models and play out what-if scenarios using specific industry drivers — like thermal, wind, hydro, electric — to justify rates to regulators and plan profitability by utility.
Read what our customers have to say
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Alcatel Lucent Enterprise
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AGSM Verona SpA
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Centrex Europe Energy & Gas AG
With CCH Tagetik, we’re able to set up our monthly reporting in eight days instead of ten, and we have gained a week back on the time needed to standardize all of our reports. Moreover, this solution in the Cloud. It saves us more than two months in closing our annual accounts.
Thanks to CCH Tagetik, we have reduced the time we need to collect budget data by 70% and have com-pletely eliminated the need for manual data processing. The solution was implemented by a team of con-sultants in just a month and has well exceeded our expectations regarding time and costs.
CCH Tagetik reduces my stress during quarter-end consolidation. On top of the positive impact I’ve experi-enced while using CCH Tagetik, the time saved allows us to give later deadlines for submitting single closes from our subsidiaries. If I ever moved to company without CCH Tagetik, my first step would be to convince management to get it.
Meet long-term performance goals
Get a visualized real-time view of utility capacity and understand the resource constraints that impact the availability of supply. Align and allocate funding sources to capital plans and projects to meet long-term rate performance goals.
- Forecast costs with built-in capex and project planning
- Support for operations and maintenance planning
- Determine fair rates with rate case development
- Rank, prioritize and model various capital requests
- Model debt and funds to cover capital investments
Key benefits with CCH Tagetik for Energy and Utilities
Thermal, wind, hydro — monitor the KPIs that matter. Align operational plans across divisions, technology (thermal, wind, hydro) and segments (consumer, corporate, regions). Then assess business drivers to play out best or worst case scenarios on rates, cash flow and profitability.
- Allocate costs across different customer segments
- Analyze pricing scenarios for rate case development
- Determine fair rates to be applied to consumers
- Import detail-level data from multiple source systems
- Financial, management, statutory and regulatory reporting
Discover how Veolia Korea implemented CCH® Tagetik Budgeting and Planning in their business
“Before adopting CCH® Tagetik Budgeting and Planning, it could take up to several days to get a consolidated view of all our businesses in the country. Now, the country’s consolidated data is accessible in one-click at any time.”
Laure Palmier, Finance software Controller at Veolia Korea
Read Case StudyLaure Palmier, Finance software Controller at Veolia Korea
Happy Customers
CCH Tagetik's CPM Solutions for Energy and Utilities is trusted by leading companies across all industries.
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