Financial Planning & Analysis

Description

We are seeking to adopt a FP&A solution to enhance our budgeting and forecasting process and the way it provides financial dashboards and reporting and captures commentary on performance variances. PowerNet is seeking a supplier/implementation partner with the right capability and capacity to work with us to replace the current suite of excel spreadsheets and legacy financial management platform. We seek an integrated, off-the-shelf product to support our budgeting, forecasting and analysis requirements as an electricity network management company serving our customer Electricity Distribution Businesses (EDBs). We expect the new FP&A solution will allow PowerNet to: - Leverage technology-enabled processes – to establish PowerNet’s Annual Business Plan, (including the financial budget for the next three-years), for analysing financial performance and informing business decisions - Reduced process cycle time – reduced time and effort to create the budget providing Finance with time for scenario development and “what if” assessments - Improved data integrity – where budget data and underpinning assumptions are retained within a system of record and changes made to core data are transparent and auditable - Integrated reporting – collating data from multiple sources accurately and efficiently on financial performance - Visibility of financial performance (including contract profitability) – with access to data through dashboarding to support effective management insights to enable timely actions and decision-making - Consolidation of financial reports across the group’s legal entities.