The reality of financial modeling today is that there isn’t just one model. In Distributed Generation, energy financiers are working with multiple variations across different technologies, resulting in disparate data and information. The inefficiencies created by these siloed models are costing businesses millions of dollars, and they have no insight into the fact this is happening. In order to protect the future of your business and ensure you don’t face the same fate, it’s time to regain control over your financial model.

Traditionally, the process of creating a reliable financial model breaks down where there are multiple functions responsible for data entry. Human error while inputting information, combined with departments tracking information without accounting for what may or may not be tracked by another department both contribute to inaccurate or inconsistent data entry. Additionally, data changes frequently, requiring iterations of model calculations, and because models are customized, aggregation of data is difficult. In the energy industry specifically, projects are so highly customized that individual models are often used, and this can can be a dangerous practice.

Instead of fighting fires, energy leaders must look at financial modeling more proactively. Without process for feedback or regular model updates, organizations continue to perpetuate an uncontrollable cycle and loose valuable resources.

Establishing a more efficient model process has not been easy. But with the help of digitization and training of today, it is now doable.. It’s time to consolidate your models, thoroughly train employees who have access to them and consider a software solution that can aid in these efforts.

With financial data separated across different systems and finance teams managing an increasing number of financial models, it’s imperative to automate your finance practices to get consistent project pricing as well as control project assumptions and modeling. Digitization allows for the centralization of data so that teams have visibility across projects and departments, and key information isn’t lost due to a rogue Excel sheet in an unclear process.

Mercatus Energy Investment Lifecycle Management (ILM) provides you with the accurate, consistent financial model you need to ensure your business doesn’t lose money because of outdated practices or systems.

Energy ILM provides you with bulk project modeling with a single financial model and automatically updates this model across multiple projects. With aggregate financial reporting across these multiple projects and portfolios, you can improve data integrity while reducing errors in project modeling. Configurable dashboards allow you to track key modeling metrics in a single system, which makes audits easier and more accurate.

When you’re able to gain control of pricing and financial modeling throughout the investment process, your whole organization benefits from increased transparency and more accurate reporting. Utilizing a connected system, like Energy ILM, allows your organization to have a single source of truth from which to make intelligent, actionable business decisions.