Accounting & Payments
With powercloud you can easily process both online and offline payments. Subledger accounting takes place in our certified subledger, complete with flexible and traceable transfer to your existing general ledger.
Online and offline payments
The powercloud payment model manages all payment transactions for self-pay, customers participating in direct debit, and customers with alternative payment methods. In addition to SEPA payment instructions, the functional scope also includes the automatic posting of all payments contained in digital account statements (MT940 + CAMT 53/54) including auto-learning assignment rules. On the credit side, powercloud processes INVOIC/REMADV, including all associated payments.
Subledger accounting
powercloud offers a subledger audited by EY and KMPG and exceeds auditor requirements. In addition to debit-side and credit-side postings, balance sheet accruals and deferrals are also made within powercloud.
General ledger integration/transfer
The transfer of the powercloud subledger takes place through a periodic reconciliation with your external general ledger. The reconciliation rules can be configured flexibly and the reconciliations are traceable. Reference implementations for SAP FI, DATEV, and Addision enable a robust and fast connection.
Audit & compliance
Our subledger accounting processes meet the highest auditing standards: IDW PS880 (audited by KPMG), ISAE 3402 type A and B (audited by EY), and ISO 27001 (audited by TÜV Rheinland)
Voice of the customer
"We have noticed that with almost 100 people in our development department, we are reaching our limits in order to survive in this very dynamic market environment. That's why we started looking for a partner with whom we could go down the path of putting what we have on a modern architecture and developing it further together. That's how we ended up with powercloud and are very happy with it."
“powercloud played an important role in our transformation towards customer centricity and operational excellence – especially with regards to service availability, service quality and cost. Furthermore, our product innovation is becoming quicker and more effective building on simplified and streamlined processes.”
"Our world is becoming increasingly digital and with it the behavior of our customers. By converting our entire IT architecture, we will become one of the leading digital providers in the competitive arena. Short time-to-market, individual product solutions and efficient interaction guarantee an attractive customer experience. Data-based sales is the basis for achieving our economic goals. Digitization not only makes us cost-efficient - it also enables sustainable competition."
“powercloud is an important part of our IT digitization strategy and provides us with a modern and flexible cloud platform to offer our customers the best possible service. The first migration wave has shown us that in choosing to go with the powercloud platform, we’ve made the right decision.”
“We need fully digitized and automated processes in the background if we want to pass on green electricity to our customers via an app without a profit margin. With its open technology and digital mindset, the powercloud platform offers us the basic technological prerequisite for our business model.”
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