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Financial Planning

Industry-Leading Solution for Financial Planning

UI’s Financial Planning Solution will change the way you do revenue forecasts, interest rate changes, property tax assumptions, power costs, customer rate changes, and more. Multiple departments are involved and contribute to the financial planning cycle. Our Financial Planning Solution integrates disparate processes and drives collaboration and teamwork to generate a ‘single source of truth.’

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With UI’s Financial Planning Solution, you can:

  • Produce multi-year forecasts that are automatically integrated across your business or all companies in your consolidation structure.
  • Run ad-hoc scenarios quickly and easily, with varying assumptions and methodologies.
  • Compare results side by side, with full transparency so you can drill down to the source.
“The Financial Planning module is the only one out there that understands the key utility-specific attributes we use. Drilldown features, iteration and goal seek features — you can’t live without them.”
UI Customer

The Power of Our UI Financial Planning Solution

Reduce errors and improve cycle time

Integration and interfaces will minimize manual intervention to reduce errors and improve cycle time.

What-if analysis

Analyze the impacts of CapEx and O&M spending, tax rate changes, regulatory adjustments, and more. Each report in a scenario can easily be compared with results from another scenario. This allows users to understand and act upon the impacts of changes in the forecast.

Eliminate side spreadsheets

Many side spreadsheets can be eliminated as the interfaces and integration will minimize the need to manipulate data outside of the system.

Best practice business calculations

UI Solutions Group's Calculation Library includes standard business formulas that are continually improved and based on best practices across the industry. The most recent calculations will be available and included for future upgrades.

Transparency

Drill down through calculations and data summaries to easily answer questions and analyze results.

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Learn How UI Solutions Group’s Financial Planning Solution Is Helping Our Clients Succeed

Modules Commonly Integrated into the UI Financial Planning Solution

UI partners with our clients to address your specific needs and help you achieve your business outcomes. This way, you get exactly what you need and nothing you don’t.

Targets & Assumptions
Financial Statements
Taxes
Financing
Regulatory
Accounting
Revenue
Plant Book
Expenses
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dba UI Solutions Group
150 N. Riverside Plaza
 Chicago, Illinois 60601
 Phone: 312-580-6200
 Fax: 312-580-6212
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CLIENT SUCCESS 1 Automating Monthly Forecasts

Challenge

A lengthy financial forecasting process impacted our client’s ability to respond quickly to management’s business needs. Their skilled analysts labored — collecting forecasts from other departments, layering in newly available actual data, and relying on trial and error — to target key business objectives, such as determining a capitalization forecast that would satisfy regulatory constraints.

Solution

  • UI Solutions Group's Financial Module integrated with the client’s ERP and plant accounting systems to automate the actualization process.
  • The system's browser-based data interface enabled other departments to directly enter their forecast data, freeing financial analysts from data collection tasks.
  • The system’s fast processing engine and powerful iterative goal-seeking logic allowed for automated financing and convergence of regulatory constraints.

Impact

A much faster and automated monthly forecasting process allowed the team to spend more time analyzing drivers and improving their forecast, and less time on manual data management.

CLIENT SUCCESS 2 Executing Multidimensional Planning

Challenge

With their existing high-level planning module, frequent and material variances from forecast were making it hard for our client to predict their financial position in the future and to communicate this to senior management and other stakeholders.

Solution

  • UI Solutions Group's Multidimensional Model provided the ability to actualize and forecast at sub-ledger detail, tracking additional ledger dimensions including cost element, planning order, and plant account.
  • The Multidimensional Model produced fully allocated and balanced financial statements by business unit and regulatory filing.
  • The additional dimensions in the Model supported automated cash and earning walks which clarified the reason behind every variance.

Impact

Automating variance report creation at the detailed level enabled analysts to isolate variance drivers, greatly improving explanations to senior management. Accurate variance explanations improved strategic decision-making and forecast accuracy.

CLIENT SUCCESS 3 Collaborating in a Data Platform

Challenge

In performing routine monthly analyses, our client frequently faced limitations with their spreadsheet-based financial modeling solution. As Excel power-users, analysts valued spreadsheet functionality. Still, their need to address large datasets, collaborate on multiple scenarios, and eliminate accounting errors meant they had outgrown a spreadsheet-based approach.

Solution

  • UI Solutions Group's Financial Module processed complex calculations over several years of detailed actual and forecast data while achieving much faster run times than their previous model.
  • Our dual-entry accounting and flexible planning ledger allowed the client to build financial statements at the SEC line-item level, producing consistent and accurate financial statements.
  • The secure and collaborative platform provided data editing and reporting in Excel and a spreadsheet-like Calculation Editor where analysts could manage formulas, making the Excel experts comfortable on day one.

Impact

Analysts were no longer constrained by data volumes, processing complexity, or tools best suited for a single user. The need for change management was minimized, as the best aspects of their spreadsheet-based tools were maintained. The new process allowed the team to work concurrently and eliminated the burden of manually ensuring a correct set of financials.

Targets & Assumptions Module

Time constraints during rate case or month-end processes often mean that accuracy is sacrificed to allow process completion. UI’s Targets & Assumptions Module creates consistency among your teams by aligning assumptions across the business to reduce the margin of error even during crunch times.

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This Module integrates with other modules as part of the following solution:

Financial Planning

Financial Statements Module

Producing accurate pro-forma financial statements is a complex, intensive process involving synthesizing various variables from disparate data sources with limited resources. UI’s Financial Statements Module simplifies the process for you by providing a complete set of statements that serve as the single source of truth for your company’s financial outlook.

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This Module integrates with other modules as part of the following solution:

Financial Planning

Taxes Module

Tax Departments require a fully integrated, detailed income tax forecasting solution that produces federal and state results with the ability to pivot between corporate scenarios. UI’s Taxes Module has you covered for all your financial planning needs and boasts enhanced data transparency.

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This Module integrates with other modules as part of the following solution:

Financial Planning

Financing Module

Today’s organizations are pressured to deliver financing plans in less time and with limited resources. UI’s Financing Module makes it easy to know if you’re meeting changing business requirements with its seamless modeling of debt and equity.

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This Module integrates with other modules as part of the following solution:

Financial Planning

Regulatory Accounting Module

Today’s utility organizations must deliver accurate filings that meet increasingly complex logic and strict regulatory guidelines while operating with constrained timelines and manual spreadsheets. UI’s Regulatory Accounting Module eliminates the burden of spreadsheet management for you and gives you time back for strategic decision-making.

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This Module integrates with other modules as part of the following solution:

Financial Planning

Regulatory

Revenue Module

A precise understanding of current and future revenues is critical to running a successful enterprise but is challenging in the rapidly changing utility landscape. UI’s Revenue Module makes it easy for you to accurately forecast future revenue and analyze variance trends with its historically validated rate engine.

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This Module integrates with other modules as part of the following solution:

Financial Planning

Regulatory

Plant Book Module

Having a detailed, reliable forecast of current construction work, plant in-service, and depreciation is important. UI’s Plant Book Module does this for you by interfacing with plant accounting and budget systems to produce an accurate and detailed capital forecast to support all your financial planning and regulatory filing needs.

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This Module integrates with other modules as part of the following solution:


Plant

Expenses Module

Since utilities are almost always under pressure to bend the cost curve, O&M spending is often heavily scrutinized. UI’s Expenses Module conveniently isolates O&M expenses for you and makes it simple to view everything you need regarding your full budget details.

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This Module integrates with other modules as part of the following solution:


Budgeting