Helping Asset-Intensive Utilities Maximize Their Value - John Andrus, PowerPlan, Inc.

Helping Asset-Intensive Utilities Maximize Their ValueInterview with: data and making the process fewer people; it is about gettingJohn Andrus, Chief Executive repeatable, they free-up resources to more valuable information and in aOfficer, PowerPlan, Inc. focus on high value financial analysis faster timeframe to make better rather than processing or updating decisions. A combination of this spreadsheets. w o u l d c r e a t e e f f i c i e nc i e s . I fIn today’s economic environment, spreadsheets were removed alongenergy utilities require financial How could utilities improve with other items that are costly tosystems that provide executives with compliance? support, utilities would flourish.the transparency into their tax andaccounting status as well as the Energy executives today are facing Utilities can have thousands or evenflexibility to run business scenarios pressures from multiple areas. They millions of assets to keep track of.which is crucial for risk mitigation, are being scrutinized by regulatory They must eliminate redundanciessays John Andrus, Chief Executive agencies, taxing agencies, and and retire old systems, which wouldOfficer, PowerPlan, Inc. Energy frankly by their constituents and their also get rid of thousands ofChief Financial Officers (CFOs) customers. That scrutiny requires spreadsheets and reduce the chanceneed solutions that give them the them to have a greater level of detail of manual error. This will not onlyconfidence that their data is correct, than they have ever had before, and reduce the cost of IT but ofallowing more freedom to focus on it requires that all of the various manpower.maximizing the value to the systems they have running talk wellbusiness, he adds. together so they can communicate information. Most of their systems doFrom an asset accounting, tax and not communicate; so manybudgeting software company who companies manage the differencesattended the recent marcus evans with spreadsheets.Energy CFO Summit 2012, whichtook place in San Antonio, Texas, These spreadsheets cause regulatory, It is essentialFebruary 7-8, Andrus discusses howto maximize value through labor tax and even financial risk. By selecting solutions that bridge their for utilitiesefficiency, improve compliance andeliminate redundancies. communication gaps and eliminate the spreadsheets and manual to optimizeWhat can be done to drive labor processes, companies can make correct decisions at the right time the valueefficiency in the energy sector? which improves compliance. of theirMost Energy CFOs are focused on taxand regulatory reporting which takes In today’s economic environment, how can CFOs current assets and operationstheir teams months to prepare and in impact their organization’smost companies, requires manual bottom line?spreadsheets and independentstudies from external consultants. It is essential for utilities to optimizeHowever, best-in-class energy CFOs the value of their current assets andhave realized that by automating the operations. It is not about having

About the Energy CFO Summit 2012 The Finance Network - marcus evans Summits group delivers This unique forum will take place at The Westin La Cantera Resort, San Antonio, peer-to-peer information on Texas, February 7-8, 2012. Offering much more than any conference, exhibition or strategic matters, professional trade show, this exclusive meeting will bring together esteemed industry thought trends and breakthrough leaders and solution providers to a highly focused and interactive networking event. innovations. The Summit includes presentations on fast-changing regulations, ensuring financial stability and growth, and the battle against internal and external challenges. www.energycfosummit.com Contact Please note that the Summit is a Stacey Melvin, Journalist, marcus evans, Summits Division closed business event and the number of participants strictly Tel: + 357 22 849 400 limited. Email: press@marcusevanscy.com For more information please send an email to info@marcusevanscy.com All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.comAbout PowerPlan Inc.PowerPlan is an enterprise software company devoted to helping asset-centric businesses optimize their financial performance.PowerPlan combines purpose-built software for asset centric accounting, tax and budgeting/analytics with domain expertise to helpexecutives generate cash, mitigate compliance risk and enable a culture of cost management. The world’s most demanding asset-intensive companies trust PowerPlan to manage over $2 trillion in assets today. PowerPlan is a privately held company based inAtlanta, GA.For more information, call +1 770.859.0402, email info@pwrplan.com, or visit www.powerplan.comAbout marcus evans Summitsmarcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discussstrategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity toindividually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings.For more information, please visit: www.marcusevans.comUpcoming EventsCFO Summit - www.cfosummits.comCFO Summit (Australia & New Zealand) - www.cfo-anz.comTo view the web version of this interview, please click here: www.energycfosummit.com/JohnAndrus

Helping Asset-Intensive Utilities Maximize Their Value - John Andrus, PowerPlan, Inc.

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