Acuphi – Settlement
Reconciliation between accounts payable and receivable for gas and electricity
In the energy & utilities field, the settlement process has the task of identifying misalignments and balancing between the information coming from the accounts receivable and payable, comparing all available sources in the most detailed manner possible.
During MPAN and MPRN reporting, all cases of data discrepancies for each reference period are analysed. The combinations of reports are used to classify the scenarios of interest (by issue and by related resolution) and can therefore be used to direct the actions necessary to resolve discrepancies and ensure the reconciliation between the data of the sales company and that received from the distribution companies.
The analytical comparison is made for personal data, measurements and invoices: depending on the specific topic, the "point - period" key can be used to compare technical or contractual information, measured and/or invoiced quantities and invoiced amounts. For flows reported with greater aggregation, evidence is provided of the comparison with the aggregated analytical sources based on the minimum common key.
The settlement function is intended to identify the differences between sales and distribution, support the analysis phase aimed at identifying the causes and suggest monitoring measures, where the differences are considered physiological and therefore a natural evolution in them must be observed, or are due to the resolution, through management reports to the distributor, or through corrective actions linked to systems and sale process misalignments or malfunctions.
Settlement of invoices, measurements and personal data between sales operators, distributors and network operators
The Acuphi Settlement module allows the verification, balancing and reconciliation of data shared between the sales company and parties operating in the same environment (distributors, IIS, Network Managers or carriers).
The Acuphi Settlement module provides the first stage of information standardisation and consolidation, which is followed by the reconciliation phase:
- of the receivable and payable invoices, with verification of personal data, consumption, prices and transport fees
- between the measurement data received by the distributor and the calculated consumption (or MDM module of the Acuphi suite or provided by the sale)
- of the technical data supplied by distributors with the commercial data registered on their sales systems
- of the transport of electricity with Terna (estimate of the physical balancing payments)
- of the allocated and supplied gas, through comparison with the data supplied by the carrier (e.g. Snam) and shippers
Once the balances have been identified, the Acuphi Settlement module examines their causes and uses the analysis algorithms to identify a classification according to scenarios of interest, defined as combinations of reports, which enable actions to be recommended to resolve the causes of the deviations.
A tool dedicated to utilities to maximise the contract-to-bill value
The Settlement module is not a simple data comparison tool, but is designed specifically for utilities; it is able to manage the specific features of the electricity and gas market, such as the breakdown of consumption, invoicing on account, balancing payments, transfers, etc.
Through the Acuphi Settlement module, sales companies:
- can maximise the contract-to-bill chain value
- obtain positive effects on cash & recovery
- reduce missing or incorrect invoicing
- can conduct dispute management with distributors in the best possible way
- can prevent complaints from end customers relating to incorrect rates or consumption
- make the instalment calculation more precise
- identify misalignments between systems