- PwC and market leader powercloud focus on successful cooperation
- Together they are offering an accounting instance for municipal utilities
- The common goal: Take the digital maturity of energy utilities to a new level
(Düsseldorf, September 29, 2021) – Auditing and consultancy company PwC and powercloud GmbH, provider of the leading digital platform for energy utilities, announced today that they will continue to strengthen their strategic partnership and in the future jointly offer an accounting instance to municipal utilities.
Making energy utilities fit for the future
The energy transition, advancing digitalization, and ever-increasing competition due to new digital players with customer-centric products and services are forcing energy utilities to develop completely new business models.
“Outdated IT-systems generally reach their limits here. As a consulting and solution partner of powercloud, we work together with our customers to transform the energy industry processes from customer-to-cash using the latest cloud technologies. As a digital platform, powercloud offers companies the opportunity to set up their IT according to the latest IT principles in the age of digitalization,” says Philipp Schmidt, Partner at PwC Germany in the area of digital utilities.
“Powercloud contains all the business processes and data necessary for the ‘machine room of energy utilities’ – an end-to-end solution where all services can also be booked individually. With our digital solution, we can rapidly support existing suppliers and municipal utilities, soon to include metering point operators, in fully automating their processes,” comments Marco Beicht, CEO of powercloud.
Accounting instance for energy utilities
The successful cooperation between PwC and powercloud so far has laid the foundation for expanding the existing cooperation.
“Together with powercloud, we offer our own accounting instance for energy utilities as PwC. Suppliers can benefit here from a comprehensive service for rapidly increasing their digital maturity: from strategic short assessments in which the functional, technical and economic fit of the powercloud solution is evaluated, through to the introduction of powercloud, up to the support service for their own powercloud accounting instance,” reports Schmidt.
The accounting instance bundles the metering points of numerous energy utilities. This is extremely interesting for energy utilities of all sizes, particularly due to the economies of scale that are realized. Companies thus not only benefit economically using the powercloud accounting instance but also by increasing their individual degree of digital maturity to ensure their competitiveness and maximum customer centricity.
“We are convinced that the energy market, and particularly the end customer market, will continue to change dramatically in the coming years, above all due to increasing digitalization and changes in customer demand,” explains Beicht. “This is why suppliers need to lay down the technical basis for the future to ensure they can keep their competitive edge. The community use of the accounting instance by energy utilities will make an important contribution to this,” adds Schmidt.
“We are therefore especially pleased to be working with PwC as a strategic partner to continue to advance the digitalization of companies in the coming years. Our technology expertise as a leading SaaS provider perfectly complements the well-founded PwC expertise in the energy industry and digitalization,” sums up Beicht.
PwC sees its task as building social trust and solving key problems. More than 284,000 employees in 155 countries contribute to this mission with high-quality, industry-specific services in the fields of auditing, tax consulting, and business consulting.
The name PwC refers to the PwC network and/or one or more of the legally independent network companies. More details are available at www.pwc.com/structure.