CS Week 2022 Recap: Growing Trends for Utilities

Just four weeks ago, powercloud was onsite at the CS Week Conference in Phoenix, AZ.  In the aftermath of Covid, everyone seemed to enjoy being out in a business atmosphere together. From networking with attendees to building partner relationships and learning about new trends in the utility space, it was a very positive and successful event.

Here are a few of my key takeaways from CS Week:

  • Attendance was noticeably up from last year’s event. You could definitely tell that people were looking forward to leaving their homes and offices and being back in action. At the powercloud booth, we felt that there was great traffic in the exhibit hall and attendees were wanting to engage.
  • Our new partner NET2GRID demonstrated residential energy insights and predictions by collecting and analyzing smart meter data of all granularities.
  • Digital adoption continues to accelerate across the customer relationship, and this is driven mainly by customer expectations. Digital transformation, while not a new concept, is still in early adoption stages at many utilities. The growing demand for digital by customers along with more availability of mature digital platforms will drive utilities to move faster on their digital transformation projects.
  • Prepay will be the next disruptive wave for U.S. Utilities. Salt River Project (SRP), one of the primary public utilities in Arizona, did a session on this topic.  Some utilities have already adopted prepay but for the majority, this is a growing customer need and will be a trend to watch in the near future.

powercloud announced two new partnerships during CS Week: ACI and GridX.

  • Bringing together GridX’s powerful rate design, rate analytics, and complex billing capabilities with powercloud’s CIS and backend capabilities is a potent combination. Many Utilities are looking for another alternative for CIS billing, and GridX believes we provide unique capabilities that will make it a game changer for those that are looking to enhance/replace their back office while supporting the complete utility product lifecycle. It’s an exciting story!
  • For the ACI partnership, people really loved the idea of embedding a powerful payment engine with powercloud to offer new payment methods to customers like you and me. New payment methods are evolving rapidly with new options like biometric face recognition and cryptocurrency. Through our partnership with ACI, we were the first at CS Week to say that we can use a cryptocurrency to pay a utility invoice – another exciting story that the attendees were excited to hear about.

On the subject of partners, powercloud hosted several of our partners in the powercloud booth. Attendees could visit many of the companies that are part of the powercloud ecosystem, all in one booth.  Thank you to all the participants including ACI Worldwide, NET2GRID, work digital GmbH, CONUTI, Advizzo, GridX, and KloudGin.

Many Utilities who came to our booth were looking for a new CIS/Billing solution to replace their 10–20-year-old legacy systems. They liked the fact that you can pick and choose from our AppStore with the pre-integrated Apps that we have built into powercloud. This makes it easy to integrate to any application or using pre-existing applications from the customer as long as powercloud remains the CIS/Billing foundation at the core.

A huge thanks to everyone who came by our booth to plant a tree. Rather than giving attendees a t-shirt or other tchotchke, powercloud elected to help attendees help the planet by planting a tree in honor of each attendee that stopped by our booth. We are happy to say that we were able to donate  over 100 trees as a result of the show.

 

 

Last but not least, thank you to the entire CS Week team for making this year’s conference a major success. #CSWeek2022

We can’t wait to see you all next year.

 

 

 

powercloud relies on transparent processes and proximity to the customer

powercloud has been able to win customers and generate growth in recent years like no other billing solutions provider. The success is based ultimately on a triad of customer proximity, technological innovations and efficient implementation processes – in which everything is done through the teamwork of proven experts. In this respect, the billing specialists have naturally declared the values of “transparency” and “openness” as strategic corporate goals. This shapes the further development of the service and communication concept.

Amidst an unprecedented wave of digitalization, powercloud has been able to win many customers in recent years – utilities, energy start-ups and municipal utilities. Most recently, for example, the award won by Thüga in Germany made a lot of people take notice. In the future, 38 utilities with various requirements will use one billing platform, the Thüga billing platform (TAP). Unexpectedly for many observers, the choice fell on a solution that uses powercloud as the technical energy management core. Clearly, powercloud has now arrived on the market and has brought along its long-standing customer relationships. But what exactly lies behind this success?

 

1. Customer proximity: The needs of the user in focus

powercloud, from the beginning, attracted pioneers among clients who placed their trust in the young start-up and brought their own know-how into the relationship. This was the starting point for the development of the solution in the market – marked always by short paths between users and developers. “In terms of how we align customer needs and development needs, we still face a steep learning curve,” says Zoran Petrovic, Managing Director and Chief Growth Officer at powercloud. “At the moment, we must develop our communication and service to be able to adapt both to the strong growth and to the increasingly diverse client portfolio. From small municipal utilities to large competitive utilities, we want to cover the entire range of service and information needs for these partners.” In real terms, this means that powercloud relies on a rapidly growing service desk and additional support from ever more partners. “More resources in the service desk alone, however, is not enough,” says Zoran. “We think long term. Most users want to solve their problems themselves. This is why we are compiling extensive technical documentation and digital training content. This saves time and lets us focus better on the challenges facing the energy industry.”

2. Innovations: Escaping rigid systems

The second pillar that powercloud’s success rests on is continuous technological innovation behind the platform idea. The motto here is to escape the rigid systems of the past and move into a highly flexible cloud platform solution that can be customized swiftly. This is made possible by, among other things, an app store – very much like what you know from your smartphone. A world of opportunities opens up here for businesses to respond to changing markets and infrastructure quickly and without having to set up costly IT projects. Moreover, powercloud is based on an open-source architecture which ensures a high degree of independence from suppliers and technologies. Or, put another way, the open and transparent philosophy behind the technology is an open door for technology partners and industry partners to enter through. They transfer their know-how into “powerApps” – the holistic platform solution from powercloud becomes the enabler for new business sectors and models. The associated “innovation inflow” therefore never dries up.

3. Efficient implementation: A matter of weeks

Finally, a few words about implementing the cloud-based system that resolves crucial issues for users of legacy systems. In the past, modernizing their IT solution invariably took a long time for many users. The powercloud implementation, in contrast, uses a standardized best-practice process with defined onboarding modules. Depending on the starting point, the end-to-end solution is ready in just a few weeks, can be scaled at any time, and can also be rolled out for new business sectors and in new countries, for example. At the same time, the solution is in no way a “plug-in” – stability, speed, and cost-efficiency all remain at a high level.

 

Customer proximity, technological innovations, and efficient implementation processes – the success of powercloud is based on this triad. powercloud will rely on these points to check even more closely in the future whether the current solutions meet customer needs; what exactly do users need for their tasks, which solutions help quickly, and where do problems emerge. “To find the answers, we will be conducting regular surveys from now on,” says Marco Beicht, Founder and CEO of powercloud. “We will actively collect the survey feedback, and from it, come up with concrete measures for the entire organization and for our product. Being close to our customers matters a great deal to us. Only in this way can we operate over the long term – an open platform with a growing ecosystem that will help our customers run their businesses day to day and help solve the long-term challenges of the energy transition and digitalization.”