Renewable Energy
Assisting major investors with IT Finance and
Procurement Systems for the Renewable Energy Sector
What is Renewable Energy?
Anything that can be used to make heat or electricity without
unsustainable fuels and which does not make a net contribution of
carbon dioxide to the atmosphere. This includes wind power, waves
and the tides, solar energy, geothermal energy and biomass.
What is the UK's commitment to Renewable Energy?
The UK is committed to producing 15% of its energy from
renewable sources by 2020 — this is equivalent to around 35% of its
electricity.
What are the leading technologies?
The leaders in this technology state that the UK has huge
resource in wind and wave power. In the instance of wind generated
power, the UK has made significant investment with the installation
of more than 2GW of turbines. It is also estimated that £3bn
will be invested in Renewable Energy technologies over
the next 3 years.
Where does Touchstone add value?
Touchstone, leaders in the supply of finance, procurement and
field service management software systems have completed two very
successful projects in the past twelve months with two of the
leading Renewable Consulting and Renewable Energies companies here
in the UK. These are:
- Garrad
Hassan - the world's largest independent
renewable energy consultancy, at the forefront of the onshore and
offshore wind, wave, tidal and solar sectors.
- Infinis Group plc
- one of the UK's leading renewable energy generators
which, in the year to 31 March 2009, produced over 8% of the UK's
renewable energy, employing 294 people across 80 operating
sites.
Both organisations had unique requirements, specific to
their respective businesses, and engaged Touchstone to supply,
implement and provide ongoing support for their Finance,
Project & Field Service Management systems. We have a growing
list of potential customers who recognise that we have the
capabilities to address their specialised needs.
If you operate in the Renewable Energy sector, talk to us
today about what we could do for you by completing our online form or calling
our freephone new business enquiry line on 0800 0345
424.
Touchstone's Solutions
Touchstone Group is the leading channel
partner for SunSystems & PROACTIS, accounting and procurement
software systems designed for UK and global organisations. We
are committed to providing business management solutions and
consultancy services that meet the unique requirements of all
aspects of the Renewable Energy market, including
organisations with Wind Farm assets and those that
generate power from naturally decomposing organic matter in
landfill sites.
Our portfolio of solutions and services enable
Renewable Energy companies to integrate and manage every aspect of
their business including planning, budgeting and forecasting,
accounting, project costing and analysis, ensuring companies can
respond quickly to new and changing requirements.
Our Value Proposition
Reporting & Analysis by
- Location
- Asset or Turbine
- Cost Centre /
Department
- Project
- Employee
Multi-currency
- True multi-currency
functionality at the transaction level
- Up to four different
currency values per statistical value (for metric, quantities etc.)
per transaction - other systems typically have only two: the Base
Currency and the Transaction Currency
- Ledger revaluation function
simplifies the transaction of foreign currencies at the period end
date and meets GAAP requirements
- Monthly or daily conversion
rate in any currency
Multiple Chart of Accounts &
reporting structures
- Meet Head Office
requirements
- Meet local statutory chart
of accounts and reporting with country-specific chart of accounts
that can be mapped to Head Office chart of accounts for
consolidation purposes
- IFRS structures and
reporting
Project Accounting
- Timesheet / Time-Writing
function
- Cost Analysis by
activity
- Work-In-Progress
calculation
- Detailed Expenditure
Analysis by Asset
- Detailed Expenditure
Reporting
- Employee Expenses
Multiple Business Units
SunSystems supports
an unlimited number of business units (Assets), each with their own
base currency, and reporting currencies and an unlimited number of
transaction currencies.
Purchase to Pay & Field Service
Management
- Works Management
- Contracts Management
- Materials Management
- Procurement Management
- Visual Planning
- Pro-Active Maintenance
Management
- Value Driven
Maintenance
- Administration and Control
of all Assets
- Scheduled and Unscheduled
Maintenance
Low risk
- Renewable Energy Industry
expertise
- Scalable to meet growth
- Operates on and integrates
with all current Microsoft technologies
Low total cost of
ownership
- Rapid implementation
- Proven project implementation
methodology
- Leading team of Energy sector-experienced Consultants