Adapt2’s Energy Accounting suite specializes in volumetric based activity covering regulated and deregulated energy needs. With the ability to group, track, submit, integrate, allocate, settle, and invoice based on multiple meter data sources, internal accounting operations will be more automated with increased data quality.
Adapt2 connects easily to trading and accounting systems to automate the flow of quantity and fee data to your systems of record.
Rapidly onboard new meters and sub-meters from different data sources. With the ability to create both ISO level Meter and Submeter inputs, new reporting needs and operation efficiency can be assessed early and often for seamless business processes.
Design meter calculations to aggregate sub-meters or configure tailored logic for best available meter when reporting, validating, and submitting. Use effective dated calculations to track changes in logic over time.
Create Meter Groups quickly and easily across multiple data and quality hierarchies. Connect Meter Calculation and Submit Dashboards to any Meter Group. Utilize Meter Groups to create simple rule waterfalls between multiple sources and qualities of meter.
Confidently complete the last steps of settlement analysis with Adapt2’s Allocation engine. Convert ISO total uplift charges to a utility, asset, or portfolio level. Predict the impact of synergies by shadowing deviation penalties in the allocation process. Report total ISO cost and revenue divided across any allocation bucket. Easily aggregate allocation buckets up to general ledger codes or mappings to integrate fees with your trading system.
Adapt2’s Accounting Month module provides a snapshot of all settlement charge types and true-ups included in an approved invoice. This allows users to analyze sub-hourly and locational granularity that can be reconciled directly to an invoice. Accounting Month data can be integrated to many accounting systems to automate part of the month-end close process. Track settlement data quality across multiple levels, including Actualized, Settled, and Estimated.
Adapt2’s Invoice Compass provides functionality for users to create, format, calculate, verify, and send counter-party invoices. With the ability to capture actual trade, volume, and price data from multiple sources, users can streamline Power Purchase Agreement settlements and track exposure through preliminary settlement details. Through re-executing an invoice, an updated version will be created to capture adjustment details. Settlement and invoice details generated through Invoice Compass can be exported to accounting systems through Adapt2’s APIs and web services.
Invoice Review provides a complete dashboard for viewing and approving invoices across all ISOs and counterparties, including monthly, weekly, and daily invoices. This module also captures PDF versions of invoices for downstream processing and document control.
Trusted Energy Market Solutions Partner.
Adapt2 Solutions is honored to be featured in Entrepreneur 360's Best Companies in America and Inc 5000 fastest-growing Texas-based private companies. We are proud and committed to continue our journey as a leader in the industry for energy market solutions.