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Photovoltaic New Energy
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Photovoltaic Power Station
ASRE
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Numerous Power Station Subsidiaries
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Power Station Project Management
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Total Life Cycle Management of Power Plants
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Customer Profile
ASRE New Energy Engineering (Hangzhou) Co., Ltd (ASRE), a foreign invested company formed by Advanced SolTech Sweden AB (publ). (publ). It is a foreign-funded enterprise formed by Advanced SolTech Sweden AB (publ). It has issued seven issues of deep green bonds in the European market, with a total financing amount of more than 100 million euros. Up to now, the company has built more than 100 distributed PV power plants with a total installed capacity of more than 200 MW. 29 October 2021, ASRE's parent company was officially listed and traded on the Nasdaq (Nordic) exchange (stock code: ASAB).
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Informatics Challenges
1.Special financial needs of PV power station type enterprise group: each power station project will correspond to the establishment of a new operating company, many subsidiaries and increasing, the ERP system group financial capabilities and multi-subsidiary personalised management requirements are very high;
2.Original only Kingdee financial accounting system, each subsidiary a set of accounts, it is difficult to meet the later group financial control requirements, consolidated statements rely on manual;
3.There is no project management tool, all rely on Excel management, power station project from the project to construction to the later operation and maintenance all by hand; project-related procurement, construction process, project operation and sales charges and other aspects of the serious disconnect, it is difficult to support the expansion of the project.
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Solutions
1.Constructing financial infrastructure through NetSuite grouping platform:
① to meet the current requirements of group control and personalised operation of subsidiaries;
② to meet the future template to copy the rapid on-line demand for new subsidiaries;
③Automated consolidated statements;
2.Systematic management of the whole life cycle of photovoltaic power plant projects: from project initiation, project procurement application, approval, confirmation of nodes in the process of project construction, to the sales and operation and maintenance management of the project in the later stages of the whole process;
3.Personalised sales master data management: peak power, flat power, valley power, sharp power, residual power, national subsidy, provincial subsidy, national and provincial subsidy, etc.;
4.Electricity sales management: meter reading and billing at the end of the month after the completion of the project, sales order management process;
5.Project daily operation and maintenance management: including the engineer's daily operation and maintenance records, weather information collection (for analysing power generation efficiency);
6.Project statistical analysis: each PV power plant related to procurement, sales, expenses in accordance with the project dimensions of the comprehensive analysis report;
7.Fixed assets and leased assets: full life cycle management of fixed assets of ordinary power stations, and the landing of new accounting standards for roof leasing (right-of-use assets and lease liability management).
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Customer Benefits
1.NetSuite system itself group product characteristics to meet ASRE personalised group control and rapid expansion requirements;
2.NetSuite project management module opens up all revenues, costs and expenses of ASRE's project dimension, which greatly facilitates profit analysis of the project dimension;
3.Hitpiont has rich experience in group finance and project management, and based on NetSuite platform, it has customised the overall group finance control process, as well as the whole life cycle operation and maintenance management scheme of PV power plant projects.
