From Fire Drills to Forecasting: Achieving 100% Accuracy on PPA Accruals
Inaccurate accruals were eroding trust with finance—until Verse brought automation, clarity, and confidence to the reporting process.
Overview
Before Verse, this customer’s month-end close process was riddled with uncertainty. The sustainability team struggled to deliver accurate financial forecasts tied to their vPPAs, and each reporting cycle brought more confusion than clarity.
Without proper tools to estimate net spend and revenue before invoices arrived, accruals were off—sometimes by millions. Finance was losing confidence. The team needed a fix.
The Challenge
This customer managed a complex portfolio of vPPAs, each tied to market prices and variable generation. Their sustainability team was expected to:
Provide monthly cost and revenue forecasts ahead of invoice delivery
Support finance with reliable accruals for month-end close
Explain variances in reporting to leadership
But existing processes were manual and inconsistent. Accrual estimates were delayed, error-prone, and met with growing skepticism from the CFO and finance team.
The Solution
Verse deployed Aria to bring structure and accuracy to the customer’s accrual process.
Key actions included:
Real-Time Forecasting: Using market data, price curves, and Aria’s best-available estimate models, Verse generated timely predictions for each PPA.
Telemetry Integration: Verse established an API-based connection with the developer to stream live generation data—eliminating gaps and assumptions.
Recurring Workflow: A repeatable cadence of meetings, reports, and reviews gave the sustainability team the tools and support to deliver clean data.
Finance-Ready Reporting: Aria delivered accrual reports that were accurate, consistent, and formatted to match finance’s expectations.
Result
Reduced net spend accrual error from 86% to 0%
Reduced revenue accrual error from 28% to 0%
100% forecast accuracy achieved using telemetry-based data
Full confidence restored with finance and executive teams
Instead of last-minute fire drills, the team now delivers accruals ahead of schedule—and with precision. What used to be a point of tension is now a strategic advantage.
