A growing number of state governments and utility companies are setting 100% clean energy goals, reflecting the larger consumer demand for decarbonization. Utilities recognize the critical need for investment in carbon-free generation, but the need for more unified accounting models is less understood.

Timely and accurate cost recovery on these investments is necessary to balance spending and justify increased energy costs. But traditional accounting models struggle to provide this integrated data in real time. They rely on a combination of spreadsheets and third-party software to reconcile investments — a time-consuming and error-prone approach.

There’s a new way to simplify and automate the accounting process for transactions, aggregation and reporting. In this infographic, you’ll learn about the advantages, including:

• Flexibility to adjust spending based on real-time information
• Optimization of cash and profits
• Increased data visibility, leading to more reliable and accurate reporting