As utilities in the Middle East and North Africa (MENA) region continue to look to enhance efficiency and profitability, upgrading to modern utility plant accounting systems is becoming a priority.
Automating utility plant accounting can help providers in MENA boost revenue collection, improve capital planning, and meet regulatory compliance needs more easily.
However, finding the right utility plant accounting solution for the region comes with challenges.
Benefits of Modern Utility Plant Accounting in MENA
-
Accurate billing – Automate meter-to-cash processes for electricity, water, gas billing to minimize revenue leakage.
-
Capital planning – Get real-time insight into asset costs and lifecycles to optimize capital projects.
-
Regulatory compliance – Support regulatory reporting requirements in MENA for transparency and compliance.
-
Cost control – Track and allocate costs precisely across departments to improve budgeting.
Selecting a Utility Plant Accounting Platform for MENA
-
Localization – Look for Arabic language and localization for regional requirements.
-
Standards support – Ensure compatibility with IFRS, IPSAS and other standards used in MENA.
-
Integration – Seek solutions that integrate well with incumbent ERPs and billing systems.
-
Domain expertise – Work with vendors experienced in MENA utility accounting needs.
As utility infrastructure expands in the MENA region, optimized plant accounting systems are becoming essential. With real-time metering data, automated billing, better cost allocation and planning, utilities can transform performance.
Partnering with vendors who share the same vision for optimized plant accounting systems is a smart step towards ensuring a robust platform.
At Globacom, we understand the unique challenges of the region, and our solutions are world class and offer equally unique integration capabilities with our flagship platform RelayCSP.
