By Swathi Ambati, HEXstream data solutions engineer

Many organizations face challenges with FERC regulatory reporting because financial data is scattered across multiple ledgers and affiliates. This fragmentation often causes errors and inconsistencies, making compliance and accuracy difficult to achieve. Manual reconciliation further slows reporting cycles, limiting the ability to deliver timely and reliable
filings.

Oracle Fusion Data Intelligence (FDI) addresses these challenges by consolidating data from multiple ledgers and affiliates into a single reporting layer. This ensures data accuracy, consistency, and compliance with FERC standards. Automated integration and aggregation simplify the handling of high-volume datasets, while streamlined reconciliation reduces cycle times and provides finance teams with real-time visibility.

Through a recently completed FERC project with a large utility in North America with multiple affiliates, HEXstream created a centralized data model using FDI, specifically designed to meet regulatory and financial requirements. Key reports delivered for this project include:

FERC & GAAP Ledger Reporting: Consolidates primary and secondary ledgers, with detail available based on SLA configuration. Includes supplier, cost center, intercompany, project and task details, purchase orders, and inventory items.

Subledger Cost Accounting: Provides comprehensive visibility into subledger entries, linking source transactions directly to the general ledger.

Balance Sheet: Presents assets, liabilities and equity across ledgers and affiliates for accurate financial monitoring. Supports multiple levels of rollup and highlights differences between FERC and GAAP amounts.

Trial Balance & Income Statement: Displays balances and account details with drill-down to journals and subledger transactions, ensuring transparency, reconciliation and reporting accuracy.

These reports collectively provide comprehensive visibility into financial operations, streamline regulatory reporting, and empower affiliates to complete FERC forms accurately while gaining actionable financial insights for better decision-making. Data hub created in FDI now provides a comprehensive FERC reporting platform that significantly reduces manual work and makes FERC reporting quick and efficient.