Fincons Group demos its leading meter-to-cash solution for utilities dealing in the sale and distribution of power, water, gas and other green tech value-added services
Fincons Group, a leading international IT business consulting and system integration company with offices in Europe, the US and India and a specific Business Unit dedicated to the Energy&Utilities industry, is delighted to showcase its innovative solution to effectively support meter-to-cash processes, youtiverse, at E-world 2024.
Specifically designed on a new paradigm, offering a new vision for metering, billing and credit management, youtiverse was developed side-by-side major utility players, on the basis of a thorough understanding of their requirements and processes. Initially developed to suit the complex needs of an ESCO provider, the solution has since been tailored to meet the needs of utilities that deal with the sale and distribution of power, water, gas and other green tech value-added services, for managing B2B, B2C and prosumer clients.
By replacing coding with configuration, the solution, puts business users at the heart of the process, enabling them to create rule autonomously and flexibly, with limited IT support. This entirely new user-oriented approach offers better UX and fast adaptability to meet new regulatory requirements or respond to new business needs. By providing the business with more flexibility and introducing AI-based automation to deal with tasks more efficiently OPEX and CAPEX are significantly reduced.
Since its initial ESCO deployment, youtiverse was developed for Italgas, an international gas leader to manage the billing processes to over 8 million gas distribution customers for the provider. The solution has then gone from strength to strength. Later, it was extended to also manage metering, billing and credit for water delivered to over 40,000 customers by Italgas. The solution is now in high demand with another key Italian power, gas and green tech provider for B2B and B2C market and a leading energy sector player in the UK, active on the energy market for over 20 years which relies on youtiverse to manage the billing of complex contracts in the B2B market.
The solution supports metering processes by managing measurement starting form input reading right up to the processing of measurement information, making it available to the billing module and third-party systems. It covers acquisition, validation and rejections as well as pre-billing processes such as consumption calculations, aggregations and estimates. The billing module allows users to independently configure calculation algorithms based on national regulations and clients needs and enables invoice creation. The Calculation Log function provides transparency over micro calculation and intermediate results. Finally, the credit module allows for management of credit from the moment an invoice is issued to when it is collected, dealing with credit field, dunning procedures, the definition of instalment plans and the calculation of interests, deposits and arrears.
As the solution continues to be requested by several international players dealing with different utilities, the objective to provide greater automation to existing processes and improve performance grows. “youtiverse owes its success to its origins deep at the heart of Utility and Energy business processes. Through our in-depth knowledge of the sector, its processes and pain points, Fincons Group has been able to design a solution that really responds to today’s needs for greater flexibility, automation and user enablement. But that’s not all: we’re constantly working on our solutions to ensure we stay ahead of the curve and help prepare our clients for the future and youtiverse is set to play a key role in a highly regulate and increasingly complex market.” States Simone Villa, General Manager Global BU Energy & Utilities.
The solution will be available for demo at Hall 4, booth 4F123 and our team looks forward to discussing your requirements.
About Fincons Group
Fincons Group is an IT business consulting company that has been designing the digital future of leading companies on international markets for over 40 years, offering forward-looking cutting-edge solutions and technologies. Fincons offers consultancy on IT strategies in different area as well as system integration services for international leading vendor solutions, proprietary solutions and Smart-Shore IT services via its Delivery Center. With over 2900 people, the Group has various offices in Italy, Switzerland, the UK, Germany, France, Belgium, the United States and India. www.finconsgroup.com
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