Talen Energy is an independent power producer founded in 2015. They work closely with commercial and industrial customers to identify and implement cost-effective solutions. They are committed to integrity and transparency in all aspects of their business operations.
Talen Energy was planning to automate the existing Back Office processes specifically around the Journal Entry and SEC Disclosure reporting. During the initial requirements meetings HOC learned that the implementation would include the following challenges. Talen expected the team to address all these challenges as part of the EPIC implementation project.
EPIC’s Data Interface Manager, which allows for easy interfacing with external systems via Database, Excel, Access, and web service based interface layers, was implemented as an out-of-box solution to link and consolidate data from multiple systems. The in-built User Defined Tables module in EPIC provided the ability to save and maintain user-defined data mapping rules. The powerful module also allowed the users to maintain multiple copies of the rules as they changed each accounting month, and securely lock down the historical rules and mapping. In addition to this, the ability to define client specific biz-layers allowed for endless possibilities for defining business rules and procedures
The Template-based Spatial reporting framework of EPIC was used to generate Journal Entry and SEC Disclosure reports in custom formats expected by the Accounting Ledger Systems and provided user-defined summaries and detail views. Using the EPIC platform, Talen was able to leverage a flexible and unique way of handling Manual Adjustments, which tie directly to the primary source data. This allowed for defining manual adjustments which look and behave just like the source data with all trade attributes available for the users. Because EPIC is a fully audited system, the managers at Talen could run Audit reports on all the modules in the system to track down changes in data and configuration.
The results of the EPIC implementation have been impressive. By leveraging HOC's industry expertise, Talen Energy has been able to generate the following results:
Accounting Specialist - Talen Energy
“The best part of working with HOC is their support. If you open a ticket, it gets addressed almost immediately. They’re always available, and if we need something customized HOC gets it done, no questions asked. They helped us reduce reporting time from a week to a single day.”
Accounting and Finance - Kindle Energy LLC