Arizona Public Service Company Reaps Significant Benefits Managing Complex Third-Party Contract Settlements Using PowerCore™ Contract Billing
Glendora, California – Arizona Public Services (APS) has transformed its management of complex third-party bilateral contract settlements by expanding its PowerCore software platform footprint with Power Settlements. APS recently went live with PowerCore’s Contract Billing Module (CBM), a comprehensive billing engine that models power purchase agreements (PPAs), tolling agreements, transmission bills, and other complex contracts to easily generate invoices (or shadow invoices) from third parties.
“The PowerCore platform’s ContractCore module has been highly beneficial in processing 500+ invoices each quarter. Before implementation, this process took 5-8 business days to complete, but after deploying ContractCore, it takes only 4-5 hours. The meter data validation, calculation capability, invoice creation/approval, and email generation process have helped streamline our invoicing process by eliminating manual work. The Power Settlements team worked hard to ensure our requirements were well-understood and provided the solutions we needed.”
Tuan Thai
APS Back-Office Subject Matter Expert
David Dan, PSCS CEO stated, “Our team is proud to have this opportunity to grow our partnership with APS. Our Contract Billing Module allows them to seamlessly manage the settlement of a wide array of complex contracts with advanced functionality in a secure, traceable, auditable ecosystem. And APS’s staff can quickly access, retrieve, and mobilize all their data in any desired format.”
About Arizona Public Service
Arizona Public Service (APS) serves nearly 1.3 million homes and businesses in 11 of Arizona’s 15 counties, and is a leader in delivering affordable, clean and reliable energy in the Southwest. The company is committed to serving customers with 100% clean power by 2050. As owner and operator of Palo Verde Generating Station, the nation’s largest producer of carbon-free electricity, and with one of the country’s most substantial renewable energy portfolios, APS’s current energy mix is 50% clean. With headquarters in Phoenix, APS is the principal subsidiary of Pinnacle West Capital Corp . (NYSE: PNW).