iplicit's ability to simplify accounting for multi-entity businesses makes it ideally suited for your renewable energy company.
Your business is likely to be set up as multiple legal entities, with a long list of sites or special purpose vehicles (SPVs) to manage.
This kind of challenge is what iplicit was built for. It allows you to drill down into the detail for each part of the business, without logging in and out of different accounts when you need to switch views.
The system allows for an unlimited number of accounting dimensions, making it enormously flexible and scalable.
Intercompany transactions and recharges are handled automatically. Complications such as deferred revenue, prepayments and accruals are all taken care of. Overseas currencies can be converted into your base currency in real time.
iplicit can automate the time-consuming work that makes up the accounts payable process.
Invoices are matched with purchase orders and stored alongside the line item in the system. Bank reconciliation takes moments as the software imports data from your bank feed and matches it with the general ledger, flagging anything that needs a review.
All this drastically reduces the scope for human error and frees up staff time which can be spent on higher-value tasks.
Enabling budget holders to promptly review and approve spending is an essential part of running your renewable energy business efficiently.
iplicit’s approval workflow features ensure the correct people have the authority to sign off on spending and can do so from any device, wherever they are. Proper checks are built in, with duties segregated and rules applied for different levels of expenditure.
Expenses are similarly simple. Staff can submit them from their mobile devices or laptops and the relevant manager can review and authorise them promptly.
You will probably have systems in place already for recording energy use or for handling other functions such as customer relations management. iplicit’s open application programming interface (API) allows it to integrate smoothly with whatever software you’re using.
And while your team won’t need to spend nearly as much time in spreadsheets, they can export data into Excel or Power BI via iplicit’s own plug-ins and have it remain correct and up-to-date.
You will want your business to grow with the renewables market, without being held back by the limitations of its software.
iplicit is designed to scale with the business, so there’s no reason you should ever outgrow it. You will be able to go on adding legal entities, projects and accounting dimensions indefinitely. What’s more, iplicit’s intuitive interface makes it easy to do that without needing implementation or technical support.
iplicit offers powerful reporting capabilities allowing customers to get real-time insights into key metrics and KPIs.
Reducing manual workload is at the heart of what we do. iplicit will help you automate highly manual tasks like consolidation, billing, and revenue recognition.
iplicit is available anywhere, on any device connected to the internet through any modern browser or through our mobile app. We are also API first, making integrations easy.
iplicit offers unlimited dimensions allowing renewable energy businesses to slice and dice their data in as many ways as they need to gain the insight required to drive growth.
Our single unified architecture means that transactions are only entered once and are automatically consolidated in real-time for easy reporting.
Utilising our automation engine, energy companies to fully automate their billing and rev rec processes, removing the need for clunky and error-prone spreadsheets
Built to be extensible, iplicit is easily integrated into other key business systems, such as asset management and energy trading platforms, to provide a real-time single source of truth
Optimise your processes and utilise time-saving technology to remove the burden of manually managing your procure-to-pay process.
Powerful project module allows users to easily manage and gain visibility over key project metrics such as project profitability.
Easily customise your dunning processes to improve payment collection and reduce DSO. We also offer native direct debit functionality.
With a highly competitive mid-market price point and an average of 15 days to go live, iplicit puts the power of enterprise-level accounting software in the hands of all mid-market organisations in the energy industry.
During this on-demand webinar, Aboo Sooza will walk you through:
"We looked at a number of systems in the marketplace including NetSuite, SAP, Sage and iplicit. It came down to a choice of two systems in the end, because NetSuite was unresponsive and Sage 200 seemed like a step backwards. While SAP was interesting, it was just too expensive and iplicit delivered everything we wanted at much less cost."
"Looking back, our upgrade to your cloud system was pretty much pain-free. We’ve had four accounting systems over the past 30 years and no migration was ever as smooth or as quick as the experience we had with iplicit."
“The team has not only increased efficiency and saved hours in the working week, but there’s also no longer a need for additional, expensive in-house support or external consultancy costs. We’re delighted we made the switch to iplicit.”