Electra is an electricity network and contracting business that has been distributing electricity to the Kapiti and Horowhenua region for more than 70 years. Electra implemented Dynamics NAV 5.0 in 2007 to replace their aging legacy financial system.
Key elements of the Dynamics NAV solution implemented at Electra include:
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Accounting for Assets Under Construction / Capital Works in Progress with automated processes for the creation of physical Fixed Assets once construction is completed
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Maintenance of multiple depreciation books for Fixed Assets, including the regulatory requirements for Network Assets based on the "Optimised Deprival Valuation" method
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Integration with legacy Job Costing application retained by another entity in the Electra group
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A customised interface for efficient and easy data entry for bulk purchase invoicing
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Bulk upload of performance payment cheques made to network customers
Dynamics NAV provides Electra Ltd with a fully integrated financial solution covering all key business requirements with real-time financial reporting and full transparency across all components.
www.electra.co.nz