Feature Highlight: Portfolio Reporting

Tooraj Arvajeh
March 20, 2024
Portfolio reporting

There’s no denying that Excel is one of the best tools for renewable energy finance teams due to its flexibility and ubiquity. However, its disparate and disconnected nature obstructs its ability to quickly and accurately aggregate data across multiple assets and projects. It ends up creating significant overhead due to the all-too-common practice of management by spreadsheets.

Building and managing portfolios quickly, accurately, and with minimal running costs is a crucial competitive advantage.

Finance teams are generally responsible for portfolio reporting on a monthly, quarterly, and yearly basis. For companies with hundreds of projects, this process regularly takes many days (and sometimes nights!).

Running portfolio reports manually across hundreds of project Excel files is inefficient and prone to human error. The same issue is further exacerbated when manually transferring data across systems, such as CRM, ERP, and accounting software.

image (1)

Perl Street's Portfolio Reporting solves all of these problems simultaneously.

It works with most standard data sources, including but not limited to:

- Cloud storage accounts (Google Drive, Box Drive, Microsoft OneDrive, etc.), to directly upload Excel models

- Accounting/ERP software such as QuickBooks, Xero, Sage Intacct, and Netsuite

- CRMs such as Salesforce and Hubspot

image (3)

This module supports portfolio reporting at a multi-entity level (e.g., ProjectCo, AssetCo and HoldCo). Some of the most common applications of the Portfolio Reporting module include:

- Generating financial statements (Cashflow Statement, Balance Sheet, P&L)

- Providing project valuations and benchmarking

- Portfolio/entity level performance variance reporting

- Billing and invoicing across multiple projects

Financial agility, accuracy and scalability are essential for renewable energy companies to achieve two key goals: business profitability and portfolio performance. Businesses powered by Perl Street are achieving both across gigawatts of assets.

Are you ready to become planetary-scale?

Whether a seasoned project developer, infrastructure startup, or a forward-thinking lender, if you play a part in building the future, we should be working together.

Start for freeTalk to a human