FINANCIAL SOFTWARE FOR UTILITIES

AI-Powered Platform for Utility Finance Teams

One platform to plan, close, and consolidate across every entity, rate case, and capital program.

Watch a demo

Utility finance teams are managing long-term complexity with tools built for short-term planning.

Capital planning is complex and costly to get wrong. 

Infrastructure investments span years and without a governed platform connecting capital assumptions to forecasts, one cost overrun can become a compliance problem nobody saw coming. 

The close takes too long when data lives everywhere.

When every system holds a different version of the numbers, close week becomes a reconciliation exercise instead of a reporting one and utility finance teams are always the last to have answers.

Multi-entity consolidation eats your close.

Every subsidiary runs its own version of the numbers and pulling it into a view that boards and regulators can rely on takes days of manual work while decisions wait.

Plan, close, and consolidate without oversimplifying utility complexity

Prophix One connects financials in one governed platform so finance teams spend less time collecting numbers and more time using them. 

Plan smarter around rate cases, capital programs, and operational drivers 

Prophix One connects rate assumptions, capital plans, and operational cost drivers in one governed model so when regulatory decisions change or capital assumptions shift, your forecasts and reports reflect it automatically before it becomes a surprise. 

Learn more

Close faster. Report with confidence. 

Prophix One automates transaction matching and standardizes reconciliation across every entity and jurisdiction so utility finance teams close faster and produce the audit-ready reporting regulators require without the manual chase. 

Learn more

One consolidated view across every entity and jurisdiction. 

Prophix One automates intercompany eliminations and standardizes results across every subsidiary and jurisdiction so consolidated reporting is ready on demand and every board and regulatory meeting starts with numbers you can stand behind. 

Learn more

AI that utility finance teams can actually trust 

Most platforms add AI on top of your data but Prophix One builds it into the process so when rate decisions change, capital costs shift, or a regulatory deadline approaches, your finance team gets answers faster with AI that is governed, auditable, and owned by Finance. 

Discover Autonomous Finance

Connects with the systems your utility already runs on 

Pre-built connectors, APIs, and flat-file imports - no heavy IT involvement required. See how it works. 

Connect your ERP

Pre-built connectors to higher education ERP systems mean institutional actuals flow in automatically so there is no manual export and no lag between what happened and what your plan reflects. 

Supported ERPs include: SAP, Oracle, Infor and more.

Integrate your HRIS

Headcount, faculty compensation, and benefits data feed directly from your HRIS into your workforce planning models so when staffing changes your financial plan reflects it automatically. 

Supported HRIS platforms include: SAP, Oracle, and more.

Connect your asset and operations platform 

Capital program data, asset performance, and operational cost information flow directly into your financial models so your capital and operating cost assumptions always reflect current program reality. 

Supported platforms include: NISC iVUE, SAP, Oracle, and more.

Connect anything else 

If data exists somewhere in your organization, Prophix One can bring it in — cloud, on-premise, or legacy. Finance manages every connection through an intuitive interface. No tickets. No middleware vendor. No IT bottleneck.

Supported connection types: API, FTP/SFTP, ODBC, and more.

What utility customers are doing with Prophix One today

Build and defend multi-year capital plans

Model capital expenditure plans across every program so finance teams can show regulators and leadership the financial impact of infrastructure investments with the traceability they require.

Produce regulatory-ready reporting from close-aligned data

Automate regulatory disclosures and board reports from close-aligned data so finance teams stop rebuilding reports every cycle and deliver insight on time.

Track operational cost variances before they compound

Compare planned versus actual costs across every entity so finance teams spot where costs are drifting and act before variances reach a regulatory submission.

Trusted by finance leaders at

Eagle River Water & Sanitation District

The team was able to cut budgeting and reporting time from over 1,000 hours to approximately 200 hours per cycle and built a scalable 10-year capital planning model that supports both day-to-day and long-term strategic decisions. 

Learn more

ElectraNet

Team was able to save 80% of the time previously spent on manual asset audits across 15,000 transmission towers by implementing AI-powered inspection and reporting — achieving 99.5% model accuracy and freeing their team to focus on higher-value work. 

Learn more

3,000+ finance teams on one governed platform

Most platforms add AI to FP&A and hope you trust it. With 4 decades of encoded financial logic, Prophix One ensures every budget, forecast, and report is as auditable as every number your board sees. That's not a feature. That's the foundation.  

What utility finance teams have built with Prophix One 

Extend FP&A Plus with prebuilt Marketplace solutions designed for utilities so your team can go deeper on the workflows that matter most. 

Capital Expenditures Planning

Plan and track infrastructure investments at the program and asset level so utility finance teams can manage capital budgets with the precision that regulators expect and leadership needs to make long-term decisions. 

Learn more

Workforce Planning

Build bottom-up workforce plans that connect headcount and operational labor costs directly to rate case assumptions and capital programs so every staffing decision reflects both operational needs and financial targets.

Learn more

Capital Asset and Depreciation Report

Track asset values, depreciation schedules, and capital expenditures across every program and asset class so utility finance teams always have the accurate, audit-ready CAPEX reporting that regulators and leadership require.

Learn more

Frequently Asked Questions

What is the best financial planning and capital budgeting software for utilities? 

Utilities need financial planning software that connects rate case assumptions, multi-year capital programs, and entity financials in one governed platform. Prophix One gives utility finance teams the ability to plan capital expenditure schedules, model rate case scenarios, and produce audit-ready reporting regulators require without rebuilding models from scratch every cycle.  

Which financial consolidation platforms are best for utility companies with regulatory reporting requirements? 

Utility companies need a consolidation platform that automates intercompany eliminations, standardizes results across every subsidiary and jurisdiction, and produces audit-ready reporting on tight regulatory timelines. Prophix One rolls up results automatically with every consolidated number traceable back to source so utility finance teams meet regulatory submissions with confidence every cycle. 

Can Prophix model rate case scenarios and their financial impact? 

Yes. Prophix One connects rate assumptions, regulatory adjustments, and tariff changes directly to revenue forecasts so utility finance teams can build side-by-side rate case scenarios and give regulators and leadership a clear, traceable view of the financial impact before decisions are finalized. 

What are the top FP&A and CPM platforms for utilities? 

Utilities evaluating FP&A and CPM platforms need a solution that handles rate case modeling, capital program tracking, regulatory reporting, and multi-entity consolidation in one governed platform. Prophix One connects financial, operational, and capital program data across every entity and jurisdiction so utility finance teams deliver reporting that regulators and leadership need to make decisions. 

What are the best AI-powered financial planning tools for utilities?

Utilities need AI that works inside a governed platform rather than on top of disconnected data. Prophix One's agentic AI is purpose-built for finance, automating routine tasks like budget updates, variance commentary, and report generation while maintaining the audit trail and regulatory traceability that utilities require. Prophix's autonomous finance capabilities mean the team spends less time maintaining spreadsheets and more time delivering the insight regulators and leadership need.

The FP&A solution built for mid-market complexity 

See how utility finance teams plan, report, and close with confidence

Talk to an expert