Finance & Accounting

GridEdge Energy: Powering Financial Efficiency

Overview

Charting a New Financial Current

GridEdge Energy Solutions, a leader in sustainable energy, sought to enhance its financial operations and streamline its Procure to Pay (P2P) cycle. With an expanding global footprint, the company faced challenges in adopting a new cloud-based ERP system, hindering efficient data management and financial reporting. Novalta was engaged to deliver a future-focused learning solution to support the ERP system’s integration and improve financial performance.

The Challenge

Short Circuits in Operations

GridEdge faced inefficiencies in its P2P processes, leading to delayed payments, errors in procurement reporting, and incomplete financial data. The company needed to:

Improve invoice processing speed and accuracy
Enhance ERP system utilization across finance and procurement teams
Ensure all roles impacted by the P2P cycle were fully trained to leverage the new system and technologies
Align financial reporting with real-time data insights from the new ERP system

Our Approach

Wired for Financial Excellence

Novalta conducted a detailed needs analysis to craft role-specific learning journeys. The approach focused on equipping impacted roles with the tools and knowledge to seamlessly adopt the new ERP system while optimizing their daily tasks. Key elements included:

Role-Specific Learning Paths: Novalta designed personalized learning experiences for Accounts Payable Specialists, Procurement Managers, and Financial Systems Analysts to address their unique challenges and system needs.
Technology Integration Focus: Training was centered around mastering ERP functionalities and enhancing cross-departmental workflow integration.
Performance Metrics: Measurable KPIs, such as invoice processing time, system adoption rates, and reporting accuracy, were set to gauge progress and success.

The Solution

Shocking the System to Life

Novalta implemented a comprehensive learning solution that leveraged the ERP system’s capabilities. The solution included:

Interactive eLearning: Engaging, self-paced modules tailored to each role’s responsibilities within the P2P process.
On-Demand Resources: Easily accessible training materials to help employees troubleshoot and resolve challenges as they worked through the ERP system.
Simulations & Case Studies: Role-based simulations of real-life procurement and accounting scenarios, ensuring practical, hands-on training.
Performance Dashboards: Real-time dashboards to track learning progress and measure the impact of training on ERP adoption and financial outcomes.

The Impact

Lighting the Way to Financial Mastery

The learning intervention delivered measurable results that directly impacted GridEdge’s financial operations:

30% Reduction in Invoice Processing Time: Streamlined workflows and improved system familiarity led to faster invoice approval and payment cycles.
40% Increase in Reporting Accuracy: Financial Systems Analysts improved the accuracy and speed of financial reporting, providing leadership with timely, reliable insights.
100% ERP Adoption: Full adoption across impacted teams, enabling the seamless use of the ERP system within 3 months of deployment.
Enhanced Cross-Department Efficiency: Procurement and finance teams reported smoother operations, fostering stronger collaboration across departments.

By enhancing financial training with technology-driven solutions, Novalta helped GridEdge Energy Solutions optimize its P2P processes, providing a stronger foundation for continued growth and success in the energy industry.

Finance & Accounting

GridEdge Energy: Powering Financial Efficiency

Charting a New Financial Current

Short Circuits in Operations

Wired for Financial Excellence

Shocking the System to Life

Lighting the Way to Financial Mastery

Unleash Your Growth Potential

Discover More Client Stories

Wellness & Fitness

Transportation

Telecommunications

Technology & SaaS

Supply Chain

Sales

Real Estate

Operations

Marketing & Advertising

Marketing

Manufacturing & Retail

Stay Enlightened

QUICK LINKS

USEFUL LINKS

CONTACT US

Download Client Story