Finance automation for energy companies

Energy companies have many unique finance and accounting capabilities. From construction budgets to asset acquisition and management, transportation tracking and billing, and storage and processing costs, energy companies need specific operational and financial reporting and dashboards as well as investor reporting. Baker Tilly helps you spend more time focused on strategic activities such as investment opportunities and revenue growth.

Baker Tilly accounting software solutions go beyond accounting task automation to provide accurate and timely data, metrics, intelligence and insights that more precisely reflect the health and growth trajectory of your energy business.

Baker Tilly provides its accounting and finance solution built directly on the Sage Intacct enterprise resource planning (ERP) system. Baker Tilly accounting software solutions provide: 

1. Intelligence ― Real-time financial and operational metrics, enabling finance teams with data to challenge the status quo and inform strategic and operational decision-making. 
2. Automation ― Technologies that automate day-to-day business processes, eliminating manual effort, reducing costs and freeing up time for more value-added tasks.
3. Integration ― Key systems interoperability streamlines end-to-end business processes and provides consistent data across systems, resulting in a single version of the truth.

With Baker Tilly, CFOs and their senior team members can remove themselves from the day-to-day tasks and focus on higher-value, strategic activities. Baker Tilly also enables energy companies to scale and reduce risk by offering the implementation and professional services needed to maximize the value of Sage Intacct cloud financial software.

In today’s economy, many energy companies prefer not to put capital and human resources toward building and maintaining technology infrastructure. Wouldn’t you like to spend more time focused on investment opportunities, cashflow and revenue growth than day-to-day accounting activities and staff management? With Baker Tilly outsourced accounting services, you can.

Working with a Baker Tilly outsourced consultant team is a valuable alternative. It is like working with both accounting specialists and technology consultants in one. With Baker Tilly’s outsourced accounting services for energy companies, finance leaders get access to best-in-class technology and a team with energy industry accounting experience to help you deliver the outcomes you and your stakeholders are counting on.

Baker Tilly provides the energy company finance and accounting technology solution, built directly in the Sage Intacct enterprise resource planning (ERP) system, on a subscription basis. This powerful technology along with the resources to handle all of your day-to-day accounting activities delivers the key outcomes you are looking for. Whether that includes best practices in daily finance and accounting transactions or delivering key financial metrics, Baker Tilly’s outsourced accounting service brings the tools and experience to help your team succeed.

Our outsourced finance and accounting services provide your team with: 

• Comprehensive, turnkey accounting outsourcing for energy companies
• Easy extensibility by integrating best-in-class applications
• Real-time energy-specific reports and dashboards
• Virtually unlimited capabilities as you scale up your energy business
• Superior insights into business performance

Baker Tilly finance and accounting software and services leverage the accounting modules that give your organization a single source of truth for finance data. These modules include:

• Core financials – slash month-end close time and increase productivity with a general ledger, accounts payable, accounts receivable, cash management, order entry and management, purchase orders, time and expense management and comprehensive reporting and dashboards.
• Multi-Entity and Global Consolidation -- automates financial consolidation accounting including currency conversions, inter-entity transactions, local tax reporting and consolidates hundreds of entities in minutes.
• Contract and Subscription Billing -- accurate and flexible subscription billing provides greater automation in subscription payment processing and billing, and automated revenue recognition.
• Contract and Revenue Management -- eliminates the need for spreadsheets to separate revenue recognition and billing and ensures compliance with regulatory requirements and accounting standards.
• Fixed Assets -- a comprehensive, automated asset management system that adds dimensional tracking to provide visibility into asset tracking valuation, condition and insurance status.
• Project Accounting -- see all time, expense and project-based accounting data in one place, streamlining the entire billing process for organizations that invoice for projects on a time and material or milestone basis.
• Sales and Use Tax – built-in, easy-to-use, automated sales tax and use tax software integration calculates sales tax and VAT for you right at the point of sale.
• Time and Expense Management -- streamlines processes, reduces revenue leakage and simplifies revenue recognition by effortlessly moving time and expense data to invoices and revenue recognition workflows.
• Plus, Salesforce integration, inventory management, budgeting and planning and vendor payment services.