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Energy Futures: Tomorrow’s Vision

The energy sector sits at the nexus of technology, markets and society, and as the system transforms, so must the leaders who shape it. Discover how AI, storage and virtual power platforms are redefining operations, how carbon and traceability are rewriting value, and how participation and circularity are reshaping the market.

Download the report to access clear frameworks, actionable insights and forward-looking perspectives to build resilience, reduce risk and unlock growth in the decisive decade ahead.

Download the report

What is Energy Accounting and Management Software?

Energy accounting and management software integrates financial tools with automation to track, validate and analyse energy data. As a result, energy companies can manage finances, regulatory compliance and operational performance more efficiently. Consolidate accounting, reporting and data management within a single one cloud platform, to enhance accuracy, cash flow visibility and adherence to regulations.

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Improve control and reporting speed

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Finance without friction

Connect finance data from every site, project and business unit. Gain insight into costs, revenue and performance while automating period-end close, group consolidation and statutory reporting.

NetSuite Energy Accounting and Management Software features

Energy companies manage complex project portfolios, distributed asset networks and multiple revenue streams across generation, transmission and supply. NetSuite unites project accounting, asset lifecycle management and multi-entity consolidation to give finance teams real-time visibility and control.

Accounts receivable

Manage invoicing and collections from customers, distributors and partners. Automated billing schedules, payment reminders and flexible credit controls improve cash flow and reduce aged debt.

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Accounts payable

Automate supplier invoices with approval workflows and three-way invoice matching. Manage payment timing based on project delivery schedules and maintenance cycles.

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Account reconciliation

Accelerate reconciliations across bank accounts, suppliers and intercompany transactions. Automated workflows reduce manual effort and audit preparation time, while ensuring compliance through documented reviews and approvals.

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General ledger

Tag transactions by generation asset, site or project. Track depreciation, contract costs and funding allocations in real time for improved accuracy and reporting clarity.

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Revenue recognition

Automate revenue recognition for complex energy contracts with multiple performance obligations and revenue streams. Uphold IFRS 15 and UK GAAP compliance for revenue streams, including capacity payments, energy sales and usage-based pricing.

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Multi-entity management

Consolidate financial and non-financial data across multiple entities and joint ventures with automated eliminations and live roll-ups. Gain a “helicopter view” of performance across the entire business for more strategic decision-making and stronger governance.

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Project accounting

Manage CapEx for generation projects, infrastructure upgrades and installations from instigation to completion. Monitor live spending versus budget and allocate costs accurately across funding sources. Crystallise ROI by automatically capitalising projects once they become operational.

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Fixed assets management

Track infrastructure assets and field equipment through their full lifecycle. Record maintenance schedules, apply multiple depreciation methods and maintain audit-ready histories.

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NetSuite enables us to grow rapidly but stay in control and realise economies of scale.

Sjoerd Dekker, Chief Financial Officer, Greener Power Solutions

NetSuite Energy Accounting and Management Software benefits

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  • Greater visibility. Gain real-time access to project profitability, asset performance, and portfolio-wide financial data, improving decision-making and cost control.
  • Intercompany reconciliation. Intercompany transaction matching and elimination entries end the days of hunting down discrepancies between entities.
  • Improved cash flow management. AI-powered forecasting tools, live data, and a bird’s eye view of financials enables more accurate projections and improves liquidity.
  • Unified finances and operations. Link asset output data to revenue recognition, giving executives a clear look at which projects, sites or contracts drive profitability.
  • Scalable across territories and projects. Multi-entity and multicurrency capabilities enable expansion into new business areas, project portfolios and joint ventures — without system limitations.

Challenges NetSuite Energy Accounting and Management Software solves

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  • Complex group consolidation. Automating consolidation across subsidiaries, joint ventures, and special purpose vehicles speeds up the period-end close and facilitates accurate, timely group reporting.
  • Multiple revenue streams per asset. NetSuite Advanced Revenue Management handles both variable and performance-based contracts automatically under IFRS 15 and UK GAAP, simplifying revenue recognition and improving compliance.
  • CapEx overruns. Project accounting capabilities track capital expenditures against budgets as they happen, catching overruns before they erode returns and strain cash flow.
  • Audits and deadlines. Built-in real-time data access and audit trails effectively eliminate the headache of manually gathering evidence for regulatory reviews and statutory audits.

SuiteSuccess – Your proven path to success

Leveraging more than 25 years of experience working with tens of thousands of organisations, across all industries and business sizes, our SuiteSuccess customer lifecycle methodology helps customers transform their business. It starts by building an AI-powered, integrated business suite with industry-specific solutions. Then we engage with your business to ensure that we’re addressing your specific needs and guiding you along the way on how to best consume and optimise NetSuite to solve challenges of today and the future. This approach helps ensure customers experience faster time-to-value, better ROI, and greater employee adoption.

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How much does NetSuite Energy Accounting Software cost?

Companies of every size, from pre-revenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?

Users subscribe to NetSuite for an annual license fee. Your license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.

NetSuite Energy Software is available as add-on module.

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Resources

Please note that some capabilities described on the page require partner integrations.