Falck Renewables SpA ignites analytics, lights up energy leadership
More accurate, timely financial plans, budgets and reports better meet power demand
Financial management is the real power source for Falck Renewables SpA. The company develops, designs, builds and manages renewable-source power production plants in Italy, UK, France and Spain. SAS® Financial Management analytical software gives Falck Renewables the dynamic consolidations it needs to thrive in the highly competitive energy industry. Comprehensive data management – plus the ability to analyze and report on revenue, costs and profitability at the group level – helps decision makers effectively execute strategy.
Combining wind-energy projects with photovoltaic, vegetable biomass, urban and special waste projects enables the company to diversify risk connected with plant design, construction and management. SAS provides the effective financial management needed to contain costs and offset negative effects of external events.
SAS also helps Falck comply with regulatory requirements. Analysts can attach documentation – such as charts of accounts, accounting policy manuals, financial commentaries and key economic assumptions – to objects used for importing data and financial reporting.
“SAS will give our managers aggregated reports and KPIs on business drivers such as energy production by country, technology and individual plant,” said Alessandro Caleffi, Head of Applications Software at Falck Renewables. “This is important, given the geographic distribution of our systems and the heterogeneity of the technologies we use. These can be programmable, such as waste-to-energy, and nonprogrammable, like biomass, wind and solar.”
SAS Financial Management eliminates the need for nightly batch processing to upload current data. Reports refresh automatically as budget and planning inputs are approved, so everyone sees consistent, current and accurate real-time information. Budget variances surface quickly on a dashboard to show when actual and expected performance begins to diverge. Management can thus predict and react faster, and make more informed decisions.