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A Stakeholder using renewable energy accounting software

Multi-entity accounting for renewable energy businesses

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.

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Accounts payable automation for renewable energy businesses

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.

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Renewable energy businesses
Workflows energy businesses

Approval workflows and expenses 

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.

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Integrating with energy management software systems

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.

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A member of staff using cloud accounting software for renewable energy financial management
Computer screens showing accurate reporting dashboards produced by a renewable energy accounting reports

Scalable accounting software for growing renewable energy businesses 

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.

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Upgrading your renewable energy accounting software

If you are being held back by your finance system and are looking for software that will handle the requirements of renewable energy accounting now and well into the future, put iplicit on your shortlist.

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Renewable Energy

Why should you upgrade to iplicit's renewable energy accounting software?

Powerful reporting


iplicit offers powerful reporting capabilities allowing customers to get real-time insights into key metrics and KPIs.

Process automation 

 

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. 

A true cloud platform

 

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.

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Cloud accounting software for renewable energy companies

Unlimited Flexibility

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.

Real-time Consolidation

Our single unified architecture means that transactions are only entered once and are automatically consolidated in real-time for easy reporting.

Automated Billing & Revenue Recognition

Utilising our automation engine, energy companies to fully automate their billing and rev rec processes, removing the need for clunky and error-prone spreadsheets

API-first Architecture

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

Dashboard Reporting & Analytics

Create powerful dashboard reports to easily visualise key metrics and KPIs.

AP Automation

Optimise your processes and utilise time-saving technology to remove the burden of manually managing your procure-to-pay process.

Project Accounting

Powerful project module allows users to easily manage and gain visibility over key project metrics such as project profitability.

Timesheets & Expenses

Timesheets and expenses available through our mobile app or on any modern browser. 

Credit Control Capabilities

Easily customise your dunning processes to improve payment collection and reduce DSO. We also offer native direct debit functionality.

Intuitive Workflow Engine

Easily customise workflows in iplicit so that the system works the way you need it to with all the approvals and controls you require.

Affordable & Accessible

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.

Auto Bank Feeds

Auto bank feeds come as standard, speeding up bank rec and payment processes and removing the chance of manual error during uploads.

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[WEBINAR] Featured Image Better Management Accounting On Demand Webinar

How to solve challenges around multi-entity and multicurrency consolidation and management accounting

During this on-demand webinar, Aboo Sooza will walk you through:

  • Multicurrency consolidation in real-time
  • Intercompany transactions and eliminations
  • Multi-jurisdiction tax handling
  • Multi-dimensional reporting in real-time
  • Visualise group data instantly with drill-down detail

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Don't Take Our Word For It

Customers using our renewable energy accounting software

Corrotherm-case-study-header-DARK

Corrotherm International

Ian Newman, Director

"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."

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Mestag Therapeutics switch from Xero to iplicit’s award-winning cloud accounting software.

Mestag Therapeutics

Eilidh Goodwin, Director of Finance

“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.”

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P. Johnson & Son-case-study-header-DARK

P. Johnson & Son

Adam Johnson, Managing Director

“We moved seven years’ worth of Sage data into the archive and produced opening balances. It was a really easy process, enabling us to shut down our old system and have no need to pay for ‘right to use’ access to get to historical information.” 

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Read all our customer case studies

Request A Renewable Energy Accounting Software Demo