Utility Finance
Built by practiced hands
Overview
The self-constructed asset and highly regulated nature of Utility Finance presents unique challenges.
Our team of experts have worked alongside you for decades to address these challenges.
We built a software to unlock your expertise.
59%
Human resources drained by data matching processes in a typical accounting department (EY)
$20M
Average amount organizations believe poor data quality will cost them per year.
Designed for and by Utility finance professionals
01
Achieve the true value of automation
Despite all the promises, generic automation tools have shown that they do not deliver the time savings & efficiencies you’re looking for in Utility Finance. With ASI, start with an understanding of the problem to be solved and achieve a fully validated, trusted result.
02
Level Up Your Team
You are being asked to do more and more with less and less resources. ASI is the Utility tool belt (pun intended) that empowers your team by embedding your experts’ knowledge, providing a backstop for inexperienced resources to ramp up their capabilities faster.
03
Roll With The Changes
Our industry is going through more change now than ever before. ASI enables finance to keep the lights on while also rapidly responding to new tax policies, new requirements imposed by FERC or local commissions, or your own internal initiatives.
We power the finance departments at utility companies around the country
Designed for and by Utility finance professionals
We’ve worked in utility finance for decades; we know its data is extremely complex. ASI was founded to make managing and interpreting even the most complicated data light years faster and easier.
Tax
Get all the controls you need to prep for your month-end close in mere hours by automating validations and reconciliations before, during, and after the close.
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Fixed Assets
Get immediate knowledge of discrepancies instead of relying on manual controls so your team can spend time solving the problems rather than finding them.
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General Accounting
Enable a seamless financial close and quality results for stakeholders with visibility into the validity of all General and Sub Ledger process and data.
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Get your team back to doing what they love
Save your team time, money, and stress through controlled automation.
We’ll handle the cross-checks
Tax Basis Balance Sheet
Ensure that all systems and side schedules that impact Tax are working from the same set of numbers, providing full transparency into all items impacting tax accounting, tax regulatory reporting, and the return.
Property-Related Deferred Tax FAS109 Proof
ASI integrates with your tax depreciation software, your fixed asset subledger (including spreadsheets), and your General Ledger for trial balances and automatically ensures that all systems are in balance and are working from the same information.
106 Unitization Backlog
ASI dashboards identify the populations of work orders stuck in various phases of the accounting lifecycle, marks each issue to an owner, allows users to keep notes and status updates, automatically updates reporting, centralizes problem lists, and makes cross-team collaboration simple through email functionality.
Work Order & Fixed Asset Master Data Integrity
ASI has the ability to connect to both your fixed asset system and your work management system(s) to help keep them in sync and notify you of any issues. It can monitor for compatible units, material items and SKUs, location information, work order attributes, work order templates, and budgeting information.
Retirements
ASI takes a multi-pronged approach to ensuring the accuracy of asset retirements by comparing actual retirements to expected retirements for replacement work orders, comparing asset quantities and unique identifiers between the fixed asset subledger and operational source systems (i.e. GIS, Meter tracking, Fleet, Real Estate, etc.), and proactively identifying and alerting users for asset activity trend discrepancies.
Plus more
From Revenue Accounting to FERC reporting, learn more ways you can level up your team.
Case Studies
Hear from ASI clients