Financial and CompliancePurpose
1. Automate seamless data syncing between public utility finance systems and accounting/ERP platforms for accurate, real-time financial reporting.
2. Automates compliance workflows by integrating regulatory requirements directly into transactional processing.
3. Automating audit trails, reconciliations, and statutory report generation for transparency and accountability.
4. Automate financial closing, funding allocations, tax, payroll, vendor management, and budget monitoring tailored to regulated utility environments.
5. Streamline invoice approvals, purchase order matching, and spend analysis using automatic data transfer.
Trigger Conditions
1. Automatable event when a new transaction is posted in the utility billing system.
2. Automated trigger upon generation of an invoice, payment, or journal entry.
3. Scheduled automations for end-of-day, week, or month financial summaries.
4. Automated alerts from regulatory compliance deadlines.
5. Automation upon upload of supporting documents (receipts, bills, certificates).
Platform Variants
1. SAP ERP
- Feature: BAPI_ACC_DOCUMENT_POST
- Setting: Configure to automate posting of accounting documents from billing source.
2. Oracle NetSuite
- Feature: SuiteTalk REST API
- Setting: Automate journal entry and vendor bill import via REST endpoints.
3. Microsoft Dynamics 365 Finance
- Feature: Data entities and OData API
- Setting: Automate journal, invoice, and vendor sync using automation flows in OData.
4. QuickBooks Online
- Feature: Accounting API
- Setting: Automate creation of bills, invoices, and ledger updates asynchronously.
5. Xero
- Feature: Invoices API
- Setting: Automate invoice, payment, and bank reconciliation posting.
6. Sage Intacct
- Feature: Web Services API
- Setting: Automatedly push expense reports, purchase orders, GL transactions.
7. Workday Financial Management
- Feature: REST API
- Setting: Automate journal line import and auditable transaction extraction.
8. Infor CloudSuite Financials
- Feature: Lawson APIs
- Setting: Automate vendor, PO, and GL transaction sync for compliance.
9. JD Edwards (Oracle)
- Feature: Orchestrator Studio
- Setting: Automate invoice and journal workflows using orchestrations.
10. FreshBooks
- Feature: REST API
- Setting: Automatedly create invoices and sync payments.
11. Zoho Books
- Feature: API
- Setting: Automate automated invoice, bill entry, and bank feed integration.
12. Salesforce Accounting
- Feature: Accounting Integration APIs
- Setting: Automate GL transfer from service requests and case management.
13. Epicor ERP
- Feature: REST API
- Setting: Automate posting of purchases, payroll, and compliance docs.
14. BlackLine
- Feature: Match API
- Setting: Automates account reconciliation and substantiation.
15. Unit4 Financials
- Feature: Web Services API
- Setting: Automate automated data import from billing subledgers.
16. Deltek Costpoint
- Feature: Integration API
- Setting: Automate compliance, cost ledger, and audit trail transfers.
17. FinancialForce
- Feature: API
- Setting: Automate journal, billing, and compliance event triggers.
18. KashFlow
- Feature: REST API
- Setting: Automate transaction upload and bank statement sync.
19. Syspro
- Feature: e.NET API
- Setting: Automate automated voucher and regulatory report dataflows.
20. Oracle Fusion Cloud Financials
- Feature: SOAP & REST API
- Setting: Automate invoice and GL event integration.
Benefits
1. Automates manual data entries and reduces risk of errors for regulatory compliance in public utilities.
2. Enhances speed and transparency for audits through automated audit trails.
3. Automator processes provide real-time financial monitoring and ensure ongoing compliance.
4. Clearly automatable reporting accelerates month-end closing and improves accuracy.
5. Automatedly integrates with existing infrastructure, increasing agility and responsiveness to market or regulatory changes.
6. Automates alerts and escalations to ensure deadlines and compliance obligations are met.