October 11, 2024
New accrual and auditing functionality
Authored by Brian Alves, Senior Product Manager, REsurety
Senior Product Manager
For clean energy buyers, no matter how big their portfolio, every month and quarter brings with it a number of challenges to stay on top of the performance and financial health of their projects. REsurety’s platform provides the means for these buyers to manage their energy portfolios, providing them with tools to accurately model the complexities of their contracts, model performance of their projects when invoiced data is unavailable, and accurately track progress on their carbon emission strategies.
REsurety’s platform can now assist clean energy buyers with their accrual and auditing workflows for any contracts they’re tracking.
Accrue: A portfolio-level view of all contracts that users can see across the entire quarter. To help prepare for financial transactions, we display previously invoiced data where available, and supplement it with REsurety’s generation and revenue modeling capabilities to help users anticipate their settlements before their invoices are received.
Audit: A detailed view of a monthly billing cycle that provides comparisons of invoice data to both third-party and REsurety calculated metrics. The complexity of many contract terms means that mistakes in an invoice can influence final settlement values significantly. Once invoices have been received, our auditing tools can provide a check on these calculations and also provide users the ability to compare invoice prices with that of independent sources.
The process of identifying and establishing the cause of invoice errors, though, can be daunting. Gleaning insights through the complexities of weather and market conditions is difficult which is why REsurety’s professional services team is available to assist. REsurety’s team is a mix of meteorologists, renewable energy and power markets experts, and software engineers who have been working with clean energy leaders for well over a decade. They have the skills and experience to help give you the confidence that your invoices are as accurate as possible. We’re happy to customize a services package tailored to your specific needs.
With this new functionality, we can streamline our customer’s workflows so that they can stay on top of their renewable energy portfolios. By providing the tools to prepare for financial transactions as their contracts accrue, and to audit their invoices as they arrive, we are excited to help our customers hit their financial and sustainability goals with confidence. Get in touch to learn more.
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