HOUSTON--(BUSINESS WIRE)--Utegration today announced the release of its financial and regulatory solution, FINREG™. It was developed as a part of Utegration’s new Financials practice, which focuses on financial accounting, planning, and reporting. Utegration is currently working with SAP to certify the FINREG solution. The solution acts as a financial and regulatory add-on installed directly into the SAP S/4HANA system to enhance an organization’s regulatory efficiency and effectiveness. Along with the initial release, Utegration is co-innovating with several customers.
“Utegration is eager to show our customers the incredible benefits FINREG™ adds to SAP S/4HANA Finance. It is an excellent solution with features that support financial users that include CEOs, CFOs, Accounting Directors, and Accountants,” said David Burns, Managing Director at Utegration.
FINREG allows for real-time FERC reporting and real-time regulatory performance KPIs. The solution touts better support for utilities rate case filing and performance management. Additionally, FINREG is non-disruptive while users move towards S/4HANA. The real-time FERC Balance Sheet and Income Statement are from the same source as GAAP, so no reconciliation is needed.
If you would like to learn more, Utegration will be participating as a Platinum Sponsor at the SAP for Utilities conference being held September 10-14 in Huntington Beach, California.
Utegration is headquartered in Houston, Texas, with overseas office in Bangalore, India. As an SAP partner specializing in service, selling and now building software applications, Utegration focuses on SAP for Utilities, analytics, and core technology solutions. Utegration has served more than 50 clients across the water, gas, electric and broader energy sectors. The market-tenured leadership team is highly driven with a reputation for customer loyalty and value with deep knowledge of SAP solutions and the utilities industry. A focus on people, innovation, and delivery of quality business results has led to its rapid growth and current position as an industry leader.
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