Industry – Utility / Energy
Global Scale – $13.08 billion Revenue
Entergy Transfer Equity is a fortune 500 natural gas and propane company. Founded in 1995, Energy Transfer Equity has experienced unprecedented growth through a series of merges and acquisitions. This meant that the company had to manage difficulty associated with this growth such as multiple cultures, process and systems, including general ledgers. Performing business processes such as generating management reports, developing meaningful budgets and relevant forecasts or reporting reliable statutory FERC and financial figures were no longer standard tasks.
Energy Transfer Equity needed to put a financial platform in place that would be managed by the business yet interface with disparate systems that would provide executives a comprehensive insight into their rapidly evolving business, thereby providing them the ability to still pursue corporate goals and business opportunities.
The business team responsible for managing the financial processes chose SAP Business Planning and Consolidation to be the strategic platform. VantagePoint was selected as their SAP Partner to guide them through the process of growing the financial platform to include forecasting, financial consolidation, annual planning, management and FERC reporting, as well as operational decision support – a true success story of a long term strategic partnership.